AG˹ٷ

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, Arista Networks' CEO, Chairperson and director, reported a series of reported sales of Arista common stock executed on 08/06/2025 under a Rule 10b5-1 trading plan adopted December 13, 2024. The Form 4 shows multiple blocks sold from family trusts and trusts for her children and relatives, totaling 1,785,165 shares disposed across the reported transactions. Prices for the various blocks are reported as weighted averages spanning roughly $134.10 to $139.53. The filing discloses that Ullal serves as trustee or co-trustee, shares voting and investment control, but disclaims beneficial ownership of shares held in those trusts. After the transactions the filing shows large indirect holdings remain: the family trust holds about 20,899,111 shares and the child trusts about 5,698,074 shares each, with additional 30,000-share trusts for a nephew and niece.

Jayshree Ullal, amministratore delegato, presidente e membro del consiglio di amministrazione di Arista Networks, ha comunicato una serie di vendite di azioni ordinarie Arista eseguite il 08/06/2025 nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1 adottato il 13 dicembre 2024. Il Form 4 mostra più blocchi ceduti da trust familiari e trust intestati ai suoi figli e ad altri parenti, per un totale di 1,785,165 azioni cedute nelle operazioni riportate. I prezzi dei vari blocchi sono indicati come medie ponderate che vanno approssimativamente da $134.10 a $139.53. La comunicazione dichiara che Ullal svolge il ruolo di trustee o co-trustee, con condivisione del controllo di voto e degli investimenti, ma nega la titolarità beneficiaria delle azioni detenute in quei trust. Dopo le operazioni, la documentazione mostra che rimangono ingenti partecipazioni indirette: il family trust detiene circa 20,899,111 azioni e i trust per i figli circa 5,698,074 azioni ciascuno, con ulteriori trust da 30,000 azioni intestati a un nipote e a una nipote.

Jayshree Ullal, directora ejecutiva, presidenta y miembro del consejo de Arista Networks, informó una serie de ventas de acciones ordinarias de Arista ejecutadas el 08/06/2025 bajo un plan de negociación Rule 10b5-1 adoptado el 13 de diciembre de 2024. El Form 4 muestra varios bloques vendidos desde trusts familiares y trusts a nombre de sus hijos y otros parientes, totalizando 1,785,165 acciones enajenadas en las transacciones reportadas. Los precios de los distintos bloques se presentan como promedios ponderados que oscilan aproximadamente entre $134.10 y $139.53. La presentación revela que Ullal actúa como fiduciaria o co-fiduciaria, comparte el control de voto y de inversión, pero niega la propiedad beneficiaria de las acciones mantenidas en esos trusts. Tras las operaciones, el documento muestra que permanecen importantes participaciones indirectas: el family trust posee alrededor de 20,899,111 acciones y los trusts de los hijos cerca de 5,698,074 acciones cada uno, con trusts adicionales de 30,000 acciones a favor de un sobrino y una sobrina.

Jayshree Ullal, Arista Networks� CEO � 회장 � 이사� Ullal은 2024� 12� 13� 채택� Rule 10b5-1 거래계획� 따라 2025-08-06� 실행� 일련� Arista 보통� 매각� 보고했습니다. Form 4� 가� 신탁 � 자녀와 친척� 위한 신탁에서 여러 블록� 매도� 것을 나타내며, 보고� 거래 전반� 걸쳐 � 1,785,165� 처분으로 집계됩니�. � 블록� 가격은 가중평균으� � $134.10에서 $139.53 범위� 걸쳐 보고되어 있습니다. 제출 서류� Ullal� 수탁� 또는 공동수탁자로� 의결� � 투자 통제권을 공유하지�, 해당 신탁� 보유� 주식� 실질� 소유권은 부인한다고 밝히� 있습니다. 거래 후에� 제출 서류� 상당� 간접 보유가 남아 있음� 보여주며: 가� 신탁은 � 20,899,111�, 자녀 신탁은 각각 � 5,698,074�� 보유하고 있고, 조카와 조카녀석을 위한 30,000� 규모� 신탁� 추가� 있습니다.

Jayshree Ullal, PDG, présidente et administratrice d'Arista Networks, a déclaré une série de ventes d'actions ordinaires Arista effectuées le 08/06/2025 dans le cadre d'un plan de négociation Rule 10b5-1 adopté le 13 décembre 2024. Le Form 4 indique plusieurs blocs vendus depuis des trusts familiaux et des trusts au profit de ses enfants et autres proches, totalisant 1,785,165 actions cédées dans les transactions rapportées. Les prix des différents blocs sont présentés comme des moyennes pondérées s'étendant approximativement de $134.10 à $139.53. le dépôt révèle qu'Ullal agit en tant que trustee ou co-trustee, partage le contrôle de vote et des investissements, mais décline la propriété bénéficiaire des actions détenues dans ces trusts. Après les opérations, le document montre que demeurent d'importantes détentions indirectes : le family trust détient environ 20,899,111 actions et les trusts des enfants environ 5,698,074 actions chacun, avec des trusts supplémentaires de 30,000 actions en faveur d'un neveu et d'une nièce.

Jayshree Ullal, CEO, Vorsitzende und Direktorin von Arista Networks, meldete eine Reihe von Verkäufen von Arista-Stammaktien, die am 08.06.2025 im Rahmen eines nach der Rule 10b5-1 eingerichteten Handelsplans ausgeführt wurden (Plan vom 13. Dezember 2024). Das Form 4 weist mehrere verkaufte Blöcke aus Familien-Trusts sowie Trusts für ihre Kinder und Verwandte aus, die in den gemeldeten Transaktionen insgesamt 1,785,165 veräußerte Aktien ergeben. Die Preise für die verschiedenen Blöcke werden als gewichtete Durchschnitte angegeben und liegen grob zwischen $134.10 und $139.53. Die Einreichung legt offen, dass Ullal als Trustee oder Co-Trustee fungiert, Stimm- und Investitionskontrolle teilt, jedoch die wirtschaftliche Eigentümerschaft an den in diesen Trusts gehaltenen Aktien verneint. Nach den Transaktionen verbleiben weiterhin große indirekte Bestände: der Family Trust hält rund 20,899,111 Aktien und die Kinder-Trusts jeweils etwa 5,698,074 Aktien, zusätzlich gibt es Trusts über 30,000 Aktien für einen Neffen und eine Nichte.

Positive
  • Trades executed under a Rule 10b5-1 plan, indicating the transactions were pre-arranged and reducing concerns about opportunistic timing
  • Weighted-average prices disclosed and price ranges provided in footnotes, improving transparency about execution
  • Clear trustee disclaimers stating the reporting person shares voting and investment control while disclaiming beneficial ownership for trust-held shares
Negative
  • Large disposition volume: the filing shows 1,785,165 shares sold, which is a material absolute sale by entities controlled by the CEO
  • Concentrated indirect holdings remain substantial (family trust roughly 20.9M shares and child trusts ~5.7M shares each), highlighting concentrated insider-related ownership that may influence governance dynamics

Insights

TL;DR: Sales were executed under a pre-established 10b5-1 plan, which supports procedural compliance though raises standard governance questions about insider liquidity.

The transactions were made pursuant to a Rule 10b5-1 plan, which typically mitigates timing concerns because the plan pre-dates the trades. The Form clearly discloses trustee roles and that the reporting person disclaims beneficial ownership while retaining voting and investment control over trust-held shares. From a governance perspective, transparent disclosure of plan use and weighted-average prices is positive. The size of the disposals�1,785,165 shares—warrants attention but the plan context reduces signaling risk relative to ad-hoc trades.

TL;DR: CEO-related entities sold 1.79 million ANET shares at weighted-average prices near $135�$139; large indirect holdings remain concentrated in family trusts.

The filings show multiple discrete sales executed on a single date with weighted-average prices provided for each block. Total reported disposals across the listed trust accounts equal 1,785,165 shares, executed within price ranges noted in the footnotes. Despite the sales, the disclosures show substantial residual indirect holdings (family trust ~20.9M shares; child trusts ~5.7M each). For market impact, the reported volume is meaningful in absolute terms but the 10b5-1 plan context and persistence of large indirect holdings temper near-term valuation implications.

Jayshree Ullal, amministratore delegato, presidente e membro del consiglio di amministrazione di Arista Networks, ha comunicato una serie di vendite di azioni ordinarie Arista eseguite il 08/06/2025 nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1 adottato il 13 dicembre 2024. Il Form 4 mostra più blocchi ceduti da trust familiari e trust intestati ai suoi figli e ad altri parenti, per un totale di 1,785,165 azioni cedute nelle operazioni riportate. I prezzi dei vari blocchi sono indicati come medie ponderate che vanno approssimativamente da $134.10 a $139.53. La comunicazione dichiara che Ullal svolge il ruolo di trustee o co-trustee, con condivisione del controllo di voto e degli investimenti, ma nega la titolarità beneficiaria delle azioni detenute in quei trust. Dopo le operazioni, la documentazione mostra che rimangono ingenti partecipazioni indirette: il family trust detiene circa 20,899,111 azioni e i trust per i figli circa 5,698,074 azioni ciascuno, con ulteriori trust da 30,000 azioni intestati a un nipote e a una nipote.

Jayshree Ullal, directora ejecutiva, presidenta y miembro del consejo de Arista Networks, informó una serie de ventas de acciones ordinarias de Arista ejecutadas el 08/06/2025 bajo un plan de negociación Rule 10b5-1 adoptado el 13 de diciembre de 2024. El Form 4 muestra varios bloques vendidos desde trusts familiares y trusts a nombre de sus hijos y otros parientes, totalizando 1,785,165 acciones enajenadas en las transacciones reportadas. Los precios de los distintos bloques se presentan como promedios ponderados que oscilan aproximadamente entre $134.10 y $139.53. La presentación revela que Ullal actúa como fiduciaria o co-fiduciaria, comparte el control de voto y de inversión, pero niega la propiedad beneficiaria de las acciones mantenidas en esos trusts. Tras las operaciones, el documento muestra que permanecen importantes participaciones indirectas: el family trust posee alrededor de 20,899,111 acciones y los trusts de los hijos cerca de 5,698,074 acciones cada uno, con trusts adicionales de 30,000 acciones a favor de un sobrino y una sobrina.

Jayshree Ullal, Arista Networks� CEO � 회장 � 이사� Ullal은 2024� 12� 13� 채택� Rule 10b5-1 거래계획� 따라 2025-08-06� 실행� 일련� Arista 보통� 매각� 보고했습니다. Form 4� 가� 신탁 � 자녀와 친척� 위한 신탁에서 여러 블록� 매도� 것을 나타내며, 보고� 거래 전반� 걸쳐 � 1,785,165� 처분으로 집계됩니�. � 블록� 가격은 가중평균으� � $134.10에서 $139.53 범위� 걸쳐 보고되어 있습니다. 제출 서류� Ullal� 수탁� 또는 공동수탁자로� 의결� � 투자 통제권을 공유하지�, 해당 신탁� 보유� 주식� 실질� 소유권은 부인한다고 밝히� 있습니다. 거래 후에� 제출 서류� 상당� 간접 보유가 남아 있음� 보여주며: 가� 신탁은 � 20,899,111�, 자녀 신탁은 각각 � 5,698,074�� 보유하고 있고, 조카와 조카녀석을 위한 30,000� 규모� 신탁� 추가� 있습니다.

Jayshree Ullal, PDG, présidente et administratrice d'Arista Networks, a déclaré une série de ventes d'actions ordinaires Arista effectuées le 08/06/2025 dans le cadre d'un plan de négociation Rule 10b5-1 adopté le 13 décembre 2024. Le Form 4 indique plusieurs blocs vendus depuis des trusts familiaux et des trusts au profit de ses enfants et autres proches, totalisant 1,785,165 actions cédées dans les transactions rapportées. Les prix des différents blocs sont présentés comme des moyennes pondérées s'étendant approximativement de $134.10 à $139.53. le dépôt révèle qu'Ullal agit en tant que trustee ou co-trustee, partage le contrôle de vote et des investissements, mais décline la propriété bénéficiaire des actions détenues dans ces trusts. Après les opérations, le document montre que demeurent d'importantes détentions indirectes : le family trust détient environ 20,899,111 actions et les trusts des enfants environ 5,698,074 actions chacun, avec des trusts supplémentaires de 30,000 actions en faveur d'un neveu et d'une nièce.

Jayshree Ullal, CEO, Vorsitzende und Direktorin von Arista Networks, meldete eine Reihe von Verkäufen von Arista-Stammaktien, die am 08.06.2025 im Rahmen eines nach der Rule 10b5-1 eingerichteten Handelsplans ausgeführt wurden (Plan vom 13. Dezember 2024). Das Form 4 weist mehrere verkaufte Blöcke aus Familien-Trusts sowie Trusts für ihre Kinder und Verwandte aus, die in den gemeldeten Transaktionen insgesamt 1,785,165 veräußerte Aktien ergeben. Die Preise für die verschiedenen Blöcke werden als gewichtete Durchschnitte angegeben und liegen grob zwischen $134.10 und $139.53. Die Einreichung legt offen, dass Ullal als Trustee oder Co-Trustee fungiert, Stimm- und Investitionskontrolle teilt, jedoch die wirtschaftliche Eigentümerschaft an den in diesen Trusts gehaltenen Aktien verneint. Nach den Transaktionen verbleiben weiterhin große indirekte Bestände: der Family Trust hält rund 20,899,111 Aktien und die Kinder-Trusts jeweils etwa 5,698,074 Aktien, zusätzlich gibt es Trusts über 30,000 Aktien für einen Neffen und eine Nichte.

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)
08/06/2025
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 08/06/2025 S(1) 18,942 D $134.6988(2) 5,925,463 I By Trust for Child 1(3)
Common Stock 08/06/2025 S(1) 100,524 D $135.7693(4) 5,824,939 I By Trust for Child 1(3)
Common Stock 08/06/2025 S(1) 100,518 D $136.5432(5) 5,724,421 I By Trust for Child 1(3)
Common Stock 08/06/2025 S(1) 20,529 D $137.3239(6) 5,703,892 I By Trust for Child 1(3)
Common Stock 08/06/2025 S(1) 5,818 D $139.5068(7) 5,698,074 I By Trust for Child 1(3)
Common Stock 08/06/2025 S(1) 18,942 D $134.6988(2) 5,925,463 I By Trust for Child 2(3)
Common Stock 08/06/2025 S(1) 100,524 D $135.7693(4) 5,824,939 I By Trust for Child 2(3)
Common Stock 08/06/2025 S(1) 100,518 D $136.5432(5) 5,724,421 I By Trust for Child 2(3)
Common Stock 08/06/2025 S(1) 20,529 D $137.3239(6) 5,703,892 I By Trust for Child 2(3)
Common Stock 08/06/2025 S(1) 5,818 D $139.5068(7) 5,698,074 I By Trust for Child 2(3)
Common Stock 08/06/2025 S(8) 99,386 D $134.6988(2) 22,092,228 I by Trust(9)
Common Stock 08/06/2025 S(8) 527,454 D $135.7693(4) 21,564,774 I by Trust(9)
Common Stock 08/06/2025 S(8) 527,418 D $136.5432(5) 21,037,356 I by Trust(9)
Common Stock 08/06/2025 S(8) 107,716 D $137.3239(6) 20,929,640 I by Trust(9)
Common Stock 08/06/2025 S(8) 30,529 D $139.5068(7) 20,899,111 I by Trust(9)
Common Stock 9,917 D
Common Stock 30,000 I By Trust for Nephew(10)
Common Stock 30,000 I By Trust for Niece(10)
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 $134.10 to $135.0942, 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 $135.10 to $136.0974, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.10 to $137.095, 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.
6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.10 to $137.87, 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.
7. 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 $139.53, 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.
8. 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.
9. These shares are held by a family trust for which the reporting person is co-trustee.
10. 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 08/08/2025
** 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 Arista (ANET) insider Jayshree Ullal report on Form 4?

The Form 4 reports multiple sales of Arista common stock executed on 08/06/2025 under a Rule 10b5-1 trading plan; these sales were made from family and beneficiary trusts.

How many shares were sold by the Ullal-related accounts?

The filing lists disposals across the reported trust accounts totaling 1,785,165 shares on the reported transaction date.

At what prices were the ANET shares sold?

Footnotes disclose weighted-average prices and ranges by block, with reported weighted averages between about $134.6988 and $139.5068, and ranges spanning approximately $134.10 to $139.53.

Were these trades part of a pre-established plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2024.

Does Jayshree Ullal retain Arista shares after these transactions?

Yes. The filing shows substantial indirect holdings remain: the family trust holds about 20,899,111 shares and each child trust holds about 5,698,074 shares following the reported transactions.
Arista Networks Inc

NYSE:ANET

ANET Rankings

ANET Latest News

ANET Latest SEC Filings

ANET Stock Data

165.24B
1.03B
18%
69.14%
1.43%
Computer Hardware
Computer Communications Equipment
United States
SANTA CLARA