ANET Form 4: CEO Jayshree Ullal reports 10b5-1 sales at ~$143–$144
Rhea-AI Filing Summary
Jayshree Ullal, CEO and Chairperson of Arista Networks (ANET), reported multiple sales of Arista common stock on 09/08/2025 executed under pre-established Rule 10b5-1 trading plans. The Form 4 shows discrete dispositions tied to trusts for family members and family trusts for which Ms. Ullal is trustee or co-trustee. Reported weighted-average prices for the sales ranged from $143.00 to $144.10 per share; the filing notes sales occurred in multiple transactions within those price ranges. After the reported transactions, the filing lists various beneficial ownership totals by trust, including positions of 5,556,153; 5,555,373; and 20,154,457 shares, and additional smaller trust holdings. The report was submitted by an attorney-in-fact on behalf of Ms. Ullal.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sales under a 10b5-1 plan reduce insider-held shares but reflect pre-planned liquidity, not necessarily a view on company fundamentals.
The Form 4 documents multiple share disposals by Jayshree Ullal on 09/08/2025 under Rule 10b5-1 plans adopted December 13, 2024. Reported weighted-average sale prices range from $143.00 to $144.10. The filing distinguishes holdings held in several family and co-trust structures and disclaims direct beneficial ownership for certain trust-held shares. From a market-impact perspective, the filing provides transparency on the mechanics and prices of the trades but does not supply operational or forward-looking company data.
TL;DR: The filing demonstrates adherence to compliance practices with explicit 10b5-1 plan disclosure and trust ownership clarity.
The disclosure identifies the trades as governed by 10b5-1 plans and provides weighted-average price ranges plus commitments to furnish detailed per-price execution data on request. It clarifies the reporter's roles as trustee or co-trustee and includes disclaimers of beneficial ownership where applicable. This level of specificity supports governance transparency around insider transactions and related-party holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,023 | $143.5038 | $1.01M |
| Sale | Common Stock | 780 | $144.0421 | $112K |
| Sale | Common Stock | 7,023 | $143.5038 | $1.01M |
| Sale | Common Stock | 780 | $144.0421 | $112K |
| Sale | Common Stock | 36,851 | $143.5038 | $5.29M |
| Sale | Common Stock | 4,091 | $144.0421 | $589K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 December 13, 2024. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $143.00 to $143.99, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.00 to $144.10, 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 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. 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.
