This insider cluster is routine and non-informative. The sales are overwhelmingly driven by option exercises and tax withholding, with the only open-market seller (CTO Duda) selling a trivial $705K against a $237B market cap. No bearish signal here — the pattern matches standard equity compensation management. Monitor next earnings for any guidance changes, but this filing provides no actionable trading edge.
Price Chart
Executive Summary
Arista Networks (ANET) insiders executed a cluster of sales and non-cash derivative exercises over a 7-day window. President/CTO Kenneth Duda sold $774K in open-market shares and surrendered $2.9M in shares for tax withholding after exercising options, while CFO Chantelle Breithaupt surrendered $1.1M for tax withholding. Director Kelly Bodnar sold a small $79K position. The total open-market sales of ~$786K represent ~0.0003% of ANET's $237B market cap — economically trivial. The pattern is consistent with routine option exercise and tax planning, not informed selling.
Key Financial Metrics
Key Facts
- President/CTO Kenneth Duda sold 3,789 shares open-market for $705K and surrendered 15,541 shares for tax withholding worth $2.9M after exercising multiple option tranches
- CFO Chantelle Breithaupt surrendered 6,145 shares for tax withholding worth $1.1M after exercising options
- Director Kelly Bodnar sold 422 shares total for ~$79K across 5 small trades
- Total open-market sales of ~$786K represent 0.0003% of ANET's $237B market cap — trivial
- All derivative exercises were at $0 exercise price (non-cash events)
- No insider open-market purchases were reported in the cluster
Financial Impact
Total open-market insider sales of ~$786K, representing 0.0003% of market cap — economically insignificant
Risk Factors
- Insider sales could be misinterpreted as bearish by less sophisticated market participants
- CTO Duda's open-market sale, while small, could precede a broader selling program
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ANET-1787698904604 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | Insider Cluster | $199.59 $199.39 | ▼ −0.10% | ▲ +0.12% | $207.40 (+3.91%) |
Sep 3, 2026 28d ago | Insider Cluster | $193.78 $187.81 | ▼ −3.08% | ▼ −1.87% | $207.40 (+7.03%) |
Aug 31, 2026 4w ago | Insider Cluster | $189.26 $192.93 | ▲ +1.94% | ▲ +1.86% | $207.40 (+9.58%) |
Aug 31, 2026 4w ago | Insider Cluster | $189.26 $192.93 | ▲ +1.94% | ▲ +1.86% | $207.40 (+9.58%) |
Aug 27, 2026 5w ago | Insider Cluster | $195.38 $193.78 | ▼ −0.82% | ▼ −0.93% | $207.40 (+6.15%) |
Aug 25, 2026 5w ago | Insider Cluster | $202.25 $186.10 | ▼ −7.99% | ▼ −7.87% | $207.40 (+2.55%) |
Aug 14, 2026 6w ago | Insider Cluster | $201.80 $188.15 | ▼ −6.76% | ▼ −5.57% | $207.40 (+2.78%) |
Aug 10, 2026 7w ago | Insider Cluster | $197.85 $193.18 | ▼ −2.36% | ▼ −1.96% | $207.40 (+4.83%) |
Aug 7, 2026 7w ago | Insider Cluster | $191.52 $201.80 | ▲ +5.37% | ▲ +5.41% | $207.40 (+8.29%) |
Aug 6, 2026 8w ago | 144 | $188.67 $198.82 | ▲ +5.38% | ▲ +4.98% | $207.40 (+9.93%) |
US Market Status
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