Arista Networks (ANET) family trust sells 240,000 insider shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arista Networks, Inc. insider Andreas Bechtolsheim reported a series of open-market sales of common stock executed on July 2, 2026 through a family trust for which he serves as trustee. The trust sold an aggregate of 240,000 shares in multiple transactions at weighted-average prices within ranges from $156.73 to $167.58 per share, as detailed in footnotes. Following these sales, Bechtolsheim held 111,848 shares directly and the family trust held 182,278,935 shares of Arista Networks common stock.
The transactions were carried out pursuant to a Rule 10b5-1 trading plan that Bechtolsheim entered into on February 20, 2026, indicating the sales were pre-arranged under a preset trading program rather than discretionary same-day decisions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 240,000 shares ($39,040,876)
Net Sell
12 txns
Insider
BECHTOLSHEIM ANDREAS
Role
null
Sold
240,000 shs ($39.04M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,113 | $157.242 | $647K |
| Sale | Common Stock | 8,302 | $158.3957 | $1.32M |
| Sale | Common Stock | 25,845 | $159.2266 | $4.12M |
| Sale | Common Stock | 19,442 | $160.164 | $3.11M |
| Sale | Common Stock | 7,385 | $161.1709 | $1.19M |
| Sale | Common Stock | 18,098 | $162.478 | $2.94M |
| Sale | Common Stock | 77,753 | $163.1799 | $12.69M |
| Sale | Common Stock | 47,004 | $164.2329 | $7.72M |
| Sale | Common Stock | 20,218 | $165.0925 | $3.34M |
| Sale | Common Stock | 5,477 | $166.3381 | $911K |
| Sale | Common Stock | 6,363 | $167.0659 | $1.06M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 182,278,935 shares (Indirect, by Trust);
Common Stock — 111,848 shares (Direct, null)
Footnotes (1)
- The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on February 20, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.73 to $157.725, 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 by a family trust for which the reporting person is a trustee. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.73 to $158.725, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $158.73 to $159.7275, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.73 to $160.7225, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.73 to $161.72, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $161.74 to $162.7375, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $162.74 to $163.73, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.74 to $164.735, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.7425 to $165.74, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.75 to $166.745, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.7775 to $167.58, 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.
Key Figures
Shares sold: 240,000 shares
Price range: $156.73–$167.58 per share
Direct holdings after: 111,848 shares
+3 more
6 metrics
Shares sold
240,000 shares
Aggregate open-market sales on July 2, 2026
Price range
$156.73–$167.58 per share
Weighted-average price ranges from footnotes for July 2, 2026 trades
Direct holdings after
111,848 shares
Common stock directly held following reported transactions
Trust holdings after
182,278,935 shares
Common stock held by family trust after sales
Sell transactions
11 sale entries
Non-derivative open-market sale codes S on July 2, 2026
Net share direction
net-sell of 240,000 shares
Form 4 transaction summary
Key Terms
Rule 10b5-1 trading plan, weighted average price, family trust, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on February 20, 2026."
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. These shares were sold in multiple transactions at prices ranging from $156.73 to $157.725, inclusive."
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.
family trust financial
"These shares are held by a family trust for which the reporting person is a 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 Andreas Bechtolsheim report for Arista Networks (ANET)?
Andreas Bechtolsheim reported the sale of 240,000 shares of Arista Networks common stock. The shares were sold on July 2, 2026 in multiple open-market transactions executed through a family trust for which he serves as trustee.