STOCK TITAN

[Form 4] Arista Networks Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Jayshree Ullal, identified as CEO and Chairperson of Arista Networks (ANET), reported multiple sales of company common stock with a transaction date of 08/07/2025. The Form 4 discloses sales executed under a Rule 10b5-1 trading plan adopted December 13, 2024. The filing shows at least 355,773 shares sold across several entries, with weighted-average prices reported at $139.7422 and $140.606 and stated price ranges of $139.50–$140.495 and $140.50–$141.00.

The sales relate largely to shares held in various trusts for relatives for which the reporting person serves as trustee or co-trustee; the filing states the reporting person disclaims beneficial ownership of those trust shares. Post-transaction beneficial-ownership figures are reported for trusts (for example, ~20.6 million and ~5.66 million shares in listed trusts) and a small direct holding is shown. All transactions are disclosed as pursuant to the pre-existing 10b5-1 plan.

Jayshree Ullal, identificata come CEO e presidente di Arista Networks (ANET), ha comunicato multiple vendite di azioni ordinarie della società con data di operazione 08/07/2025. Il Modulo 4 indica che le vendite sono state eseguite nell'ambito di un piano di negoziazione Rule 10b5-1 adottato il 13 dicembre 2024. La segnalazione mostra almeno 355.773 azioni vendute in più voci, con prezzi medi ponderati riportati a $139.7422 e $140.606 e fasce di prezzo dichiarate di $139.50–$140.495 e $140.50–$141.00.

Le vendite riguardano in larga parte azioni detenute in vari trust per familiari, per i quali la persona che effettua la segnalazione agisce come fiduciario o co-fiduciario; la denuncia dichiara che la persona non rivendica la proprietà benefica di tali azioni in trust. Dopo le operazioni sono riportati i dati di proprietà benefica per i trust (ad esempio circa 20,6 milioni e circa 5,66 milioni di azioni nei trust elencati) e risulta una piccola partecipazione diretta. Tutte le transazioni sono indicate come eseguite ai sensi del piano 10b5-1 preesistente.

Jayshree Ullal, identificada como CEO y presidenta de Arista Networks (ANET), informó múltiples ventas de acciones ordinarias de la compañía con fecha de operación 08/07/2025. El Formulario 4 revela que las ventas se realizaron bajo un plan de negociación Rule 10b5-1 adoptado el 13 de diciembre de 2024. La presentación muestra al menos 355.773 acciones vendidas en varias entradas, con precios promedio ponderados reportados de $139.7422 y $140.606 y rangos de precio indicados de $139.50–$140.495 y $140.50–$141.00.

Las ventas se relacionan en gran medida con acciones mantenidas en varios fideicomisos para familiares, en los que la persona informante actúa como fiduciario o cofiduciario; la presentación indica que la persona no reclama la propiedad beneficiaria de esas acciones en los fideicomisos. Tras la transacción se reportan las cifras de propiedad beneficiaria para los fideicomisos (por ejemplo, unos 20,6 millones y unos 5,66 millones de acciones en los fideicomisos listados) y se muestra una pequeña tenencia directa. Todas las transacciones se declaran como efectuadas conforme al plan 10b5-1 preexistente.

Jayshree Ullal은 Arista Networks(ANET)의 CEO 겸 회장으로 표기되어 있으며, 거래일자 08/07/2025로 여러 차례 회사 보통주 매각을 신고했습니다. Form 4에는 해당 매각이 2024년 12월 13일 채택된 Rule 10b5-1 거래 계획에 따라 실행되었다고 기재되어 있습니다. 제출 문서에는 여러 항목에 걸쳐 최소 355,773주 매도가 있었고, 가중평균 가격은 $139.7422$140.606로 보고되었으며, 표시된 가격 범위는 $139.50–$140.495$140.50–$141.00입니다.

이 매각은 주로 친족을 위한 여러 신탁에 보유된 주식과 관련되며, 신고인은 해당 신탁의 수탁자 또는 공동수탁자로 역할을 하고 있습니다. 제출 문서에는 신고인이 해당 신탁 주식에 대한 실질적 소유권을 부인한다고 명시되어 있습니다. 거래 후 신탁들의 실질적 소유권 수치(예: 약 2,060만주 및 약 566만주로 표기된 신탁들)와 소액의 직접 보유가 보고되어 있으며, 모든 거래는 기존 10b5-1 계획에 따른 것이라고 공개되어 있습니다.

Jayshree Ullal, identifiée comme CEO et présidente d'Arista Networks (ANET), a signalé plusieurs ventes d'actions ordinaires de la société avec une date de transaction 08/07/2025. Le Formulaire 4 indique que les ventes ont été effectuées dans le cadre d'un plan de négociation Rule 10b5-1 adopté le 13 décembre 2024. Le dépôt montre au moins 355 773 actions vendues réparties sur plusieurs lignes, avec des prix moyens pondérés déclarés à $139.7422 et $140.606 et des fourchettes de prix indiquées de $139.50–$140.495 et $140.50–$141.00.

Les ventes concernent principalement des actions détenues dans divers trusts au bénéfice de parents, pour lesquels la personne déclarante agit en tant que fiduciaire ou co-fiduciaire ; le dossier indique que la personne déclarante déclare ne pas revendiquer la propriété bénéficiaire de ces actions en trust. Après la transaction, des montants de propriété bénéficiaire sont reportés pour les trusts (par exemple environ 20,6 millions et environ 5,66 millions d'actions dans les trusts énumérés) et une petite participation directe est indiquée. Toutes les transactions sont divulguées comme effectuées en vertu du plan 10b5-1 préexistant.

Jayshree Ullal, ausgewiesen als CEO und Vorsitzende von Arista Networks (ANET), meldete mehrere Verkäufe von Stammaktien des Unternehmens mit Transaktionsdatum 08/07/2025. Im Formular 4 wird offengelegt, dass die Verkäufe im Rahmen eines Rule 10b5-1-Handelsplans erfolgt sind, der am 13. Dezember 2024 angenommen wurde. Die Einreichung zeigt mindestens 355.773 verkaufte Aktien über mehrere Einträge, mit gemeldeten gewichteten Durchschnittspreisen von $139.7422 und $140.606 sowie angegebenen Preisspannen von $139.50–$140.495 und $140.50–$141.00.

Die Verkäufe beziehen sich größtenteils auf Aktien, die in verschiedenen Trusts für Verwandte gehalten werden, bei denen die meldende Person als Treuhänderin oder Mit-Treuhänderin fungiert; die Einreichung gibt an, dass die meldende Person das wirtschaftliche Eigentum an diesen Trust-Aktien verneint. Nach den Transaktionen werden Angaben zur wirtschaftlichen Eigentümerschaft der Trusts berichtet (z. B. etwa 20,6 Millionen und etwa 5,66 Millionen Aktien in den aufgeführten Trusts) und es wird eine geringe direkte Beteiligung ausgewiesen. Alle Transaktionen sind als gemäß dem bereits bestehenden 10b5-1-Plan durchgeführt angegeben.

Positive
  • Sales were executed under a Rule 10b5-1 trading plan adopted on December 13, 2024, indicating pre-arranged transactions.
  • The filing discloses trustee relationships and explicitly states the reporting person disclaims beneficial ownership of trust-held shares.
Negative
  • The reporting person, identified as CEO and Chairperson, sold at least 355,773 shares, a sizeable absolute volume of stock.
  • Multiple large trust-level sales were reported with weighted-average prices near $140, which market participants may note as meaningful insider liquidity.

Insights

TL;DR: CEO Ullal executed pre-arranged sales under a 10b5-1 plan totaling at least 355,773 ANET shares; weighted prices near $140.

The transaction size is material in absolute share count but was performed under a documented Rule 10b5-1 plan adopted December 13, 2024, which limits immediate interpretive weight about company prospects. Weighted-average prices of $139.7422 and $140.606 are reported, with stated sale ranges up to $141. The filing also clarifies that many shares are held in family trusts where the reporting person serves as trustee and disclaims beneficial ownership, and it reports sizable trust-level beneficial holdings remaining after these sales.

TL;DR: Insider sales were executed under a 10b5-1 plan and the filing documents trustee relationships and disclaimers of beneficial ownership.

The Form 4 shows compliance with procedural disclosure: sales are tied to a 10b5-1 plan and the explanatory footnotes describe trust arrangements and the reporting person's trustee role. From a governance perspective, the filing includes appropriate disclosures about voting/investment control and disclaimers of beneficial ownership for trust-held shares. The form does not allege any deviation from the stated plan or incomplete disclosure in the provided text.

Jayshree Ullal, identificata come CEO e presidente di Arista Networks (ANET), ha comunicato multiple vendite di azioni ordinarie della società con data di operazione 08/07/2025. Il Modulo 4 indica che le vendite sono state eseguite nell'ambito di un piano di negoziazione Rule 10b5-1 adottato il 13 dicembre 2024. La segnalazione mostra almeno 355.773 azioni vendute in più voci, con prezzi medi ponderati riportati a $139.7422 e $140.606 e fasce di prezzo dichiarate di $139.50–$140.495 e $140.50–$141.00.

Le vendite riguardano in larga parte azioni detenute in vari trust per familiari, per i quali la persona che effettua la segnalazione agisce come fiduciario o co-fiduciario; la denuncia dichiara che la persona non rivendica la proprietà benefica di tali azioni in trust. Dopo le operazioni sono riportati i dati di proprietà benefica per i trust (ad esempio circa 20,6 milioni e circa 5,66 milioni di azioni nei trust elencati) e risulta una piccola partecipazione diretta. Tutte le transazioni sono indicate come eseguite ai sensi del piano 10b5-1 preesistente.

Jayshree Ullal, identificada como CEO y presidenta de Arista Networks (ANET), informó múltiples ventas de acciones ordinarias de la compañía con fecha de operación 08/07/2025. El Formulario 4 revela que las ventas se realizaron bajo un plan de negociación Rule 10b5-1 adoptado el 13 de diciembre de 2024. La presentación muestra al menos 355.773 acciones vendidas en varias entradas, con precios promedio ponderados reportados de $139.7422 y $140.606 y rangos de precio indicados de $139.50–$140.495 y $140.50–$141.00.

Las ventas se relacionan en gran medida con acciones mantenidas en varios fideicomisos para familiares, en los que la persona informante actúa como fiduciario o cofiduciario; la presentación indica que la persona no reclama la propiedad beneficiaria de esas acciones en los fideicomisos. Tras la transacción se reportan las cifras de propiedad beneficiaria para los fideicomisos (por ejemplo, unos 20,6 millones y unos 5,66 millones de acciones en los fideicomisos listados) y se muestra una pequeña tenencia directa. Todas las transacciones se declaran como efectuadas conforme al plan 10b5-1 preexistente.

Jayshree Ullal은 Arista Networks(ANET)의 CEO 겸 회장으로 표기되어 있으며, 거래일자 08/07/2025로 여러 차례 회사 보통주 매각을 신고했습니다. Form 4에는 해당 매각이 2024년 12월 13일 채택된 Rule 10b5-1 거래 계획에 따라 실행되었다고 기재되어 있습니다. 제출 문서에는 여러 항목에 걸쳐 최소 355,773주 매도가 있었고, 가중평균 가격은 $139.7422$140.606로 보고되었으며, 표시된 가격 범위는 $139.50–$140.495$140.50–$141.00입니다.

이 매각은 주로 친족을 위한 여러 신탁에 보유된 주식과 관련되며, 신고인은 해당 신탁의 수탁자 또는 공동수탁자로 역할을 하고 있습니다. 제출 문서에는 신고인이 해당 신탁 주식에 대한 실질적 소유권을 부인한다고 명시되어 있습니다. 거래 후 신탁들의 실질적 소유권 수치(예: 약 2,060만주 및 약 566만주로 표기된 신탁들)와 소액의 직접 보유가 보고되어 있으며, 모든 거래는 기존 10b5-1 계획에 따른 것이라고 공개되어 있습니다.

Jayshree Ullal, identifiée comme CEO et présidente d'Arista Networks (ANET), a signalé plusieurs ventes d'actions ordinaires de la société avec une date de transaction 08/07/2025. Le Formulaire 4 indique que les ventes ont été effectuées dans le cadre d'un plan de négociation Rule 10b5-1 adopté le 13 décembre 2024. Le dépôt montre au moins 355 773 actions vendues réparties sur plusieurs lignes, avec des prix moyens pondérés déclarés à $139.7422 et $140.606 et des fourchettes de prix indiquées de $139.50–$140.495 et $140.50–$141.00.

Les ventes concernent principalement des actions détenues dans divers trusts au bénéfice de parents, pour lesquels la personne déclarante agit en tant que fiduciaire ou co-fiduciaire ; le dossier indique que la personne déclarante déclare ne pas revendiquer la propriété bénéficiaire de ces actions en trust. Après la transaction, des montants de propriété bénéficiaire sont reportés pour les trusts (par exemple environ 20,6 millions et environ 5,66 millions d'actions dans les trusts énumérés) et une petite participation directe est indiquée. Toutes les transactions sont divulguées comme effectuées en vertu du plan 10b5-1 préexistant.

Jayshree Ullal, ausgewiesen als CEO und Vorsitzende von Arista Networks (ANET), meldete mehrere Verkäufe von Stammaktien des Unternehmens mit Transaktionsdatum 08/07/2025. Im Formular 4 wird offengelegt, dass die Verkäufe im Rahmen eines Rule 10b5-1-Handelsplans erfolgt sind, der am 13. Dezember 2024 angenommen wurde. Die Einreichung zeigt mindestens 355.773 verkaufte Aktien über mehrere Einträge, mit gemeldeten gewichteten Durchschnittspreisen von $139.7422 und $140.606 sowie angegebenen Preisspannen von $139.50–$140.495 und $140.50–$141.00.

Die Verkäufe beziehen sich größtenteils auf Aktien, die in verschiedenen Trusts für Verwandte gehalten werden, bei denen die meldende Person als Treuhänderin oder Mit-Treuhänderin fungiert; die Einreichung gibt an, dass die meldende Person das wirtschaftliche Eigentum an diesen Trust-Aktien verneint. Nach den Transaktionen werden Angaben zur wirtschaftlichen Eigentümerschaft der Trusts berichtet (z. B. etwa 20,6 Millionen und etwa 5,66 Millionen Aktien in den aufgeführten Trusts) und es wird eine geringe direkte Beteiligung ausgewiesen. Alle Transaktionen sind als gemäß dem bereits bestehenden 10b5-1-Plan durchgeführt angegeben.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ullal Jayshree

(Last) (First) (Middle)
5453 GREAT AMERICA PARKWAY

(Street)
SANTA CLARA CA 95054

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Arista Networks, Inc. [ ANET ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO and Chairperson
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/07/2025 S(1) 37,308 D $139.7422(2) 5,660,766 I By Trust for Child 1(3)
Common Stock 08/07/2025 S(1) 10,420 D $140.606(4) 5,650,346 I By Trust for Child 1(3)
Common Stock 08/07/2025 S(1) 37,308 D $139.7422(2) 5,660,766 I By Trust for Child 2(3)
Common Stock 08/07/2025 S(1) 10,420 D $140.606(4) 5,650,346 I By Trust for Child 2(3)
Common Stock 08/07/2025 S(5) 195,732 D $139.7422(2) 20,703,379 I by Trust(6)
Common Stock 08/07/2025 S(5) 54,668 D $140.606(4) 20,648,711 I by Trust(6)
Common Stock 9,917 D
Common Stock 30,000 I By Trust for Nephew(7)
Common Stock 30,000 I By Trust for Niece(7)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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 December 13, 2024.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $139.50 to $140.495, 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.
3. 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.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.50 to $141.00, 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.
5. 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 December 13, 2024.
6. These shares are held by a family trust for which the reporting person is co-trustee.
7. 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.
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal 08/11/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Jayshree Ullal disclose on Form 4 for ANET?

The Form 4 discloses multiple sales by Jayshree Ullal executed under a Rule 10b5-1 plan, with at least 355,773 shares sold on 08/07/2025.

Were the sales by the ANET insider pre-arranged under a trading plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan entered into on December 13, 2024.

What prices were reported for the ANET insider sales?

Weighted-average prices reported include $139.7422 and $140.606, with disclosed transaction price ranges of $139.50–$140.495 and $140.50–$141.00.

Did the filing indicate who holds the sold shares?

Yes. Many of the sold shares relate to trusts for relatives for which the reporting person serves as trustee or co-trustee; the filing notes the reporting person disclaims beneficial ownership of those trust shares.

How many shares remain beneficially owned after the reported transactions?

The Form 4 reports trust-level beneficial-ownership figures after the transactions, including amounts around 20,703,379, 20,648,711, and 5,660,766 in the listed trusts, and a small direct holding shown in the filing.
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