BECHTOLSHEIM ANDREAS 4

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.