[144] Arista Networks SEC Filing
Rhea-AI Filing Summary
Form 144 filed for Arista Networks (ANET) reporting a proposed sale of securities by persons related to the issuer. The filing names J.P. Morgan Securities LLC as the broker and lists 1,261,958 shares of common stock to be sold with an aggregate market value of $181,886,007. The company’s total shares outstanding is reported as 1,256,865,381, and the approximate sale date is 09/05/2025 on the NYSE. The securities proposed for sale were acquired principally through a stock option exercise on 01/01/2013 (1,015,014 shares) and restricted stock units on 02/21/2017 (246,944 shares). The filing also discloses numerous related-party sales during the past three months by trusts and individuals at 5453 Great America Parkway, Santa Clara, CA, with transaction dates and gross proceeds itemized in the notice.
Positive
- Compliance disclosure provided: The filer supplies acquisition dates, nature of acquisition, broker, proposed sale date, and recent related-party sales as required by Rule 144
- Transparency on origin of shares: Identifies that shares were acquired via a 2013 option exercise and 2017 RSUs
Negative
- Insider-related selling activity: Proposed sale of 1,261,958 shares and multiple recent sales by related trusts and individuals could be perceived as increased insider liquidity
- Large gross proceeds recently realized: Numerous past three-month transactions by related parties with sizable gross proceeds are disclosed (amounts listed in the filing)
Insights
TL;DR: Insider-related parties filed to sell 1.26M ANET shares (~$182M) via JP Morgan, with multiple recent related-party sales disclosed.
The filing is a routine Rule 144 notice signaling planned disposition of shares acquired from a 2013 option exercise and 2017 RSUs. The proposed block of 1,261,958 shares represents a small fraction of the reported 1,256,865,381 outstanding shares (explicitly reported in the notice). The document also lists many recent sales by trusts and individuals associated with the filer, including detailed dates and gross proceeds, which provides transparency into recent liquidity events by related parties. For investors, the filing documents supply-and-demand context but contains no operational or financial performance metrics.
TL;DR: This is a compliance disclosure of planned insider-related sales; it documents transaction history but does not indicate company distress.
The notice complies with Rule 144 disclosure requirements by identifying acquisition dates, nature of acquisition (stock option exercise and RSUs), broker, and recent dispositions by related trusts and individuals. The explicit representation about absence of undisclosed material information is included in the signature/remarks section. The filing should be viewed as a governance/insider-liquidity event rather than a corporate governance failure; it contains no allegations, financial restatements, or material changes to issuer operations.
FAQ
What does the Form 144 filed for Arista Networks (ANET) report?
How many shares outstanding does the filing report for ANET?
How were the shares being sold acquired according to the Form 144?
Were there related-party sales disclosed in the past three months?
Which broker is handling the proposed sale?
