Arista (ANET) CTO Kenneth Duda Transfers Shares Between Trusts

What Happened

• Kenneth Duda (President, CTO and Director of Arista Networks) reported a series of transfers on Aug 28, 2026. The Form 4 shows acquisitions totaling 274,070 shares and dispositions totaling 274,070 shares (all at $0.00 per share), indicating transfers between trusts and related entities rather than market purchases or sales. No cash was exchanged and the filing uses code “J” (other acquisition or disposition).

Key Details

• Transaction date: Aug 28, 2026; Form 4 filed: Sep 1, 2026 (timely filed within the two-business-day window).
• Reported amounts: 274,070 shares acquired and 274,070 shares disposed (each transfer reported at $0.00).
• Price/value: $0.00 — these were transfers (gifts/reorganizations), not open-market trades.
• Ownership after transaction: the filing’s transfers offset each other (net zero change reported between the involved trusts); the Form 4 does not show a change in Mr. Duda’s reported beneficial ownership attributable to these transfers.
• Notable footnotes: transfers moved shares among annuity trusts, a Kenneth & Jennifer living trust, a family trust (of which he is co-trustee), a children’s trust (for which he serves as trustee but disclaims beneficial ownership), GRATs, and a 501(c) foundation (he and his spouse are co-trustees). Footnotes F1–F14 detail which trust moved which block of shares.

Context

• These are internal transfers and gifts between related trusts and charitable/family entities and do not represent open-market buying or selling. Such transfers are commonly estate-planning or wealth-management actions and should not be read as a market sentiment signal.