[144] Arista Networks SEC Filing
Rhea-AI Filing Summary
Arista Networks (ANET) filed a Form 144 notifying a proposed sale of common stock. The filing shows 240,521 shares expected to be sold through J.P. Morgan Securities LLC on 09/05/2025, with an aggregate market value of $34,666,292 and 1,256,865,381 shares outstanding. The shares were acquired by stock option exercise on 01/01/2013 and payment is recorded as NA. The filing lists numerous sales by related trusts and individuals during the past three months, with multiple transactions and gross proceeds reported. The filer certifies no undisclosed material adverse information.
Positive
- Clear disclosure of proposed sale amount, broker, proposed sale date, and aggregate market value
- Acquisition details provided (stock option exercise on 01/01/2013) which explain the origin of the shares
- Filer includes required certification stating no known material undisclosed information
Negative
- Numerous related-party sales reported in the past three months with substantial gross proceeds, indicating significant insider/affiliate liquidity
- Filing does not summarize totals of recent related-party sales or explicitly contextualize their scale versus outstanding shares
Insights
TL;DR: Routine insider sale notification; details are explicit but sizable recent related-party sales warrant attention.
The Form 144 provides clear transactional detail: the proposed sale of 240,521 shares via a broker, acquisition date (option exercise 01/01/2013), and aggregate market value. This is a standard regulatory disclosure enabling market transparency about an insider or related person's intent to sell restricted or control securities. The filing alone does not indicate company operational changes or financial performance. Investors should view this as liquidity by insiders/related trusts rather than a corporate action. The contemporaneous listing of many trust sales and significant gross proceeds in the past three months is notable for volume but the filing does not aggregate or contextualize those totals relative to outstanding shares.
TL;DR: Compliance with Rule 144 appears met; disclosure includes required representations and past related-party trades.
The document contains the required elements of Rule 144 notice: issuer identification, class of securities, broker, number of shares, market value, date of proposed sale, acquisition details, and a signer representation regarding material nonpublic information. The inclusion of multiple recent sales by trusts and individuals tied to the same address is a governance data point for stakeholders monitoring insider liquidity and potential share pressure. The filing does not present any admissions of undisclosed adverse information; signature and representation language are present as required.
FAQ
What does the Form 144 filed by Arista Networks (ANET) report?
When and how were the shares being sold acquired?
Does the filing show recent sales by related parties or insiders?
How many Arista Networks shares are outstanding according to the filing?
Does the filer declare any undisclosed material information?
Who is the broker handling the proposed sale?
