[Form 4] Arista Networks Insider Trading Activity

Rhea-AI Filing Summary

Arista Networks (ANET) – Form 4 insider transaction. Director Kelly Bodnar Battles disclosed the sale of 864 common shares on 25 Jul 2025 under a Rule 10b5-1 trading plan adopted 13 Jun 2024. Two tranches were executed: 367 shares at a weighted-avg price $114.40 (range $113.70-$114.70) and 497 shares at $114.88 (range $114.70-$115.07). After the sales, Battles directly holds 7,957 shares of Arista stock. No derivative securities were reported. The filing was signed on 29 Jul 2025 by an attorney-in-fact.

The transaction represents a 9.8 % reduction in the director’s direct shareholdings and is immaterial relative to Arista’s ~380 m shares outstanding. Because the trades occur under a pre-arranged plan, they do not necessarily signal a change in corporate outlook.

Insights

Securities Analyst

TL;DR: Small 10b5-1 director sale; negligible impact on ANET valuation.

Arista’s Form 4 shows Director Battles trimming 864 shares, leaving 7,957. The dollar value (~$99k) is trivial versus the firm’s multibillion-dollar market cap, and the use of a pre-scheduled 10b5-1 plan limits signaling risk. Insider sales generally attract scrutiny, but the sub-1 % stake change and maintenance of a meaningful holding suggest portfolio rebalancing rather than negative insider sentiment. No options were exercised or derivatives reported, so dilution concerns are absent. Overall impact is neutral; investors should monitor for pattern repetitions rather than treat this filing as a standalone catalyst.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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)
07/25/2025

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	07/25/2025		S(1)		8,376	D	$115.0209(2)	6,259,611	I	By Trust for Child 1(3)
Common Stock	07/25/2025		S(1)		8,376	D	$115.0209(2)	6,259,611	I	By Trust for Child 2(3)
Common Stock	07/25/2025		S(4)		43,946	D	$115.0209(2)	23,845,504	I	by Trust(5)
Common Stock								9,917	D
Common Stock								30,000	I	By Trust for Nephew(6)
Common Stock								30,000	I	By Trust for Niece(6)

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, 2023.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.00 to $115.09, 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 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.

5. These shares are held by a family trust for which the reporting person is co-trustee.

6. 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	07/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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