[Form 4] Arista Networks, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arista Networks CEO and Chairperson Jayshree Ullal reported pre-planned sales of Arista Networks, Inc. common stock through family trusts. On April 20, 2026, trusts associated with Ullal sold a total of 306,139 shares in open-market transactions at a weighted average price of $167.312 per share, with individual trade prices ranging from $167.00 to $167.82. The transactions were carried out under a Rule 10b5-1 trading plan adopted on November 14, 2025 for the benefit of Ullal’s relatives.
After these sales, one family trust held 17,847,711 shares, another trust for a child held 5,287,287 shares, and trusts for a niece and nephew each held 30,000 shares. Ullal also held 9,917 shares directly. Footnotes state that some of these shares are held in trusts for relatives and children, where Ullal serves as trustee or co-trustee, shares voting and investment control, and disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 306,139 shares ($51,220,728)
Net Sell
6 txns
Insider
Ullal Jayshree
Role
CEO and Chairperson
Sold
306,139 shs ($51.22M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 45,920 | $167.312 | $7.68M |
| Sale | Common Stock | 45,920 | $167.312 | $7.68M |
| Sale | Common Stock | 214,299 | $167.312 | $35.85M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,287,287 shares (Indirect, By Trust for Child 1);
Common Stock — 9,917 shares (Direct, null)
Footnotes (1)
- The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person for the benefit of the reporting person's relatives on November 14, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.00 to $167.82, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares are held in trust for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares. The exercises and/or sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2025. These shares are held by a family trust for which the reporting person is co-trustee. These shares are held in trust for the benefit of relatives of the reporting person for which the reporting person serves as co-trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
Key Figures
Total shares sold: 306,139 shares
Weighted average sale price: $167.312 per share
Sale price range: $167.00–$167.82 per share
+5 more
8 metrics
Total shares sold
306,139 shares
Open-market sales on April 20, 2026 by family trusts
Weighted average sale price
$167.312 per share
Average price for reported ANET share sales
Sale price range
$167.00–$167.82 per share
Price range of individual transactions in reported sales
Shares sold by family trust
214,299 shares
Shares sold from a family trust where Ullal is co-trustee
Shares sold by each child’s trust
45,920 shares
Shares sold by each of two separate child trusts
Family trust holdings after sale
17,847,711 shares
Common stock held in one family trust post-transaction
Child trust holdings after sale
5,287,287 shares
Common stock held in a child’s trust after reported sale
Direct holdings after transaction
9,917 shares
Common stock held directly by Jayshree Ullal
Key Terms
Rule 10b5-1 trading plan, weighted average price, disclaims beneficial ownership, family trust, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
disclaims beneficial ownership regulatory
"The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares"
family trust financial
"These shares are held by a family trust for which the reporting person is co-trustee"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Arista Networks (ANET) disclose for Jayshree Ullal?
Arista Networks reported that family trusts associated with CEO Jayshree Ullal sold 306,139 shares of common stock on April 20, 2026. The sales were open-market transactions executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 14, 2025 for the benefit of relatives.
What is notable about Ullal’s beneficial ownership in the ANET family trusts?
The filing notes that some shares are held in trusts for Ullal’s children and other relatives, where she serves as trustee or co-trustee and shares voting and investment control. In certain cases, she expressly disclaims beneficial ownership, clarifying that economic benefits belong to the relatives, not her personally.