Form 4: Arista Networks CTO Duda Shifts Shares to GRATs

Arista Networks President and CTO Kenneth Duda reported a pre-planned transfer of 150,000 shares of common stock into Grantor Retained Annuity Trusts (GRATs).

Summary

• Kenneth Duda, President and CTO of Arista Networks, Inc. (ANET), reported changes in his beneficial ownership of common stock.
• On September 8, 2025, a total of 150,000 shares of common stock were transferred from a family trust to two separate Grantor Retained Annuity Trusts (GRATs).
• Specifically, 75,000 shares were transferred to the Kenneth Duda Annuity Trust, and another 75,000 shares were transferred to the Jennifer Duda Annuity Trust (his spouse's GRAT).
• These transactions were executed pursuant to a Rule 10b5-1 plan, indicating a pre-scheduled arrangement.
• Following these transfers, Mr. Duda's indirect beneficial ownership includes 762,035 shares in each GRAT, 9,303 shares remaining in the family trust, 1,207,168 shares in a Children's Trust (for which beneficial ownership is disclaimed), and 572,400 shares in a 501(c) Foundation.
• Mr. Duda also directly owns 12,976 shares of Arista Networks common stock.

Sentiment

Score: 5

Explanation: The filing details an administrative transfer of shares by an insider for estate planning purposes, specifically into Grantor Retained Annuity Trusts (GRATs), under a Rule 10b5-1 plan. This type of transaction is generally considered neutral for the company's operational performance or immediate stock valuation.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's financial performance or strategic outlook.

Industry Context

This filing details an insider's personal estate planning transaction and does not provide information directly related to broader industry trends or competitive positioning for Arista Networks.

Related Party Transactions

• Transfer of 75,000 shares to the Kenneth Duda Annuity Trust, where the reporting person is the trustee.
• Transfer of 75,000 shares to the Jennifer Duda Annuity Trust, where the reporting person's spouse is the trustee.
• Shares are held by a family trust for which the reporting person is co-trustee.
• Shares are held in a trust for the benefit of a child of the reporting person for which the reporting person serves as co-trustee.
• Shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.

Stakeholder Impact

• Shareholders: Minimal direct impact as the transaction is an internal transfer for estate planning and not an open market sale or purchase affecting the company's capital structure or market float.
• Employees, Customers, Suppliers, Creditors: No direct impact from this insider transaction.

Key Dates

Keywords

Arista Networks, ANET, Kenneth Duda, Insider Transaction, Form 4, GRAT, Beneficial Ownership, Estate Planning, Rule 10b5-1