BECHTOLSHEIM ANDREAS 4
4 · Arista Networks, Inc. · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
Arista (ANET) 10% Owner Andreas Bechtolsheim Sells 300,000 Shares
What Happened
Andreas Bechtolsheim, a reported 10% owner of Arista Networks (ANET), sold a total of 300,000 shares in open-market transactions on July 14, 2026 for aggregate proceeds of $54,231,398. The sales occurred in multiple blocks at prices ranging roughly from $176.18 to $185.00 per share; each block and gross proceeds reported on the Form 4 are: 26,765 @ $176.18 ($4,715,396); 14,808 @ $177.25 ($2,624,745); 29,704 @ $178.20 ($5,293,324); 24,764 @ $179.25 ($4,439,016); 31,412 @ $180.17 ($5,659,547); 46,566 @ $181.30 ($8,442,397); 57,677 @ $182.28 ($10,513,479); 40,873 @ $183.15 ($7,486,008); 20,869 @ $184.17 ($3,843,515); and 6,562 @ $185.00 ($1,213,971). These sales were made pursuant to a Rule 10b5‑1 trading plan established on February 20, 2026.
Key Details
- Transaction date: July 14, 2026; Form 4 filed July 16, 2026 (filed within the typical 2-business‑day window).
- Total shares sold: 300,000; Total proceeds: $54,231,398.
- Price range: reported block prices from $176.18 to $185.00; several blocks show weighted‑average prices with narrower ranges described in footnotes (F2–F12) on the Form 4.
- Footnotes of note: F1 — transactions effected under a Rule 10b5‑1 plan (Feb 20, 2026); F3 — some shares are held in a family trust for which the reporting person is trustee; F2–F12 — indicate weighted‑average prices and provide intra‑block price ranges on the Form 4.
- Shares owned after transaction: not included in the summary above; see the Form 4 for post‑sale beneficial ownership.
Context
This was a scheduled open‑market sale by a 10% owner under a 10b5‑1 plan (pre‑arranged trading program), which is generally considered routine liquidity rather than a direct real‑time signal of company prospects. For retail investors, purchases by insiders tend to be more informative than routine, planned sales; consult the full Form 4 for complete holdings and any additional disclosures.
Insider Transaction Report
Form 4
BECHTOLSHEIM ANDREAS
10% Owner
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-07-14$176.18/sh−26,765$4,715,396→ 182,016,283 total(indirect: By Trust) - Sale
Common Stock
[F1][F4][F3]2026-07-14$177.25/sh−14,808$2,624,745→ 182,001,475 total(indirect: By Trust) - Sale
Common Stock
[F1][F5][F3]2026-07-14$178.20/sh−29,704$5,293,324→ 181,971,771 total(indirect: By Trust) - Sale
Common Stock
[F1][F6][F3]2026-07-14$179.25/sh−24,764$4,439,016→ 181,947,007 total(indirect: By Trust) - Sale
Common Stock
[F1][F7][F3]2026-07-14$180.17/sh−31,412$5,659,547→ 181,915,595 total(indirect: By Trust) - Sale
Common Stock
[F1][F8][F3]2026-07-14$181.30/sh−46,566$8,442,397→ 181,869,029 total(indirect: By Trust) - Sale
Common Stock
[F1][F9][F3]2026-07-14$182.28/sh−57,677$10,513,479→ 181,811,352 total(indirect: By Trust) - Sale
Common Stock
[F1][F10][F3]2026-07-14$183.15/sh−40,873$7,486,008→ 181,770,479 total(indirect: By Trust) - Sale
Common Stock
[F1][F11][F3]2026-07-14$184.17/sh−20,869$3,843,515→ 181,749,610 total(indirect: By Trust) - Sale
Common Stock
[F1][F12][F3]2026-07-14$185.00/sh−6,562$1,213,971→ 181,743,048 total(indirect: By Trust)
Holdings
- 111,848
Common Stock
Footnotes (12)
- [F1]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.
- [F10]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $182.73 to $183.725, 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.
- [F11]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $183.73 to $184.725, 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.
- [F12]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $184.73 to $185.4375, 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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.69 to $176.68, 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.
- [F3]These shares are held by a family trust for which the reporting person is a trustee.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.69 to $177.65, 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.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.69 to $178.685, 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.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $178.70 to $179.68, 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.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.73 to $180.715, 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.
- [F8]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $180.73 to $181.725, 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.
- [F9]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $181.73 to $182.7275, 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.
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Andreas Bechtolsheim|2026-07-16