ANET Arista Networks, Inc.
Price Chart
Executive Summary
Arista Networks co-founder and Chairman Andreas Bechtolsheim filed a Form 144 to sell 205,000 shares worth approximately $31.6 million, executed under a Rule 10b5-1 trading plan adopted on February 20, 2026. The sale is part of a pre-arranged plan and represents a modest portion of his likely holdings, but the dollar amount is material at current market cap of $187B.
Actionable Insight
This is a routine 10b5-1 plan sale by the co-founder, not a discretionary signal. The plan was adopted months ago (Feb 2026), and the sale is pre-scheduled. Monitor for actual execution via Form 4 filings, but no immediate trading action warranted. The stock's strong analyst consensus (91% bullish) and recent insider selling pattern (2 sells totaling $2.1M in 30d) suggest this is part of normal portfolio diversification.
Key Facts
- Insider: Andreas Bechtolsheim (co-founder, Chairman, 10% stockholder)
- Shares to sell: 205,000 shares of common stock
- Estimated value: $31,576,150 (based on filing date)
- Trading plan: Rule 10b5-1 plan adopted on February 20, 2026
- Broker: Goldman Sachs & Co. LLC
- Shares acquired from 2017-2019 via RSU compensation
- Sale to be executed from the Bechtolsheim Family Trust
Financial Impact
$31.6 million proposed sale by co-founder, ~0.017% of market cap
Risk Factors
- If the 10b5-1 plan was adopted near a price peak, it could indicate the insider views current valuation as full
- Large insider sales, even under 10b5-1, can create overhang sentiment if they become frequent
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001958244-26-000312 |
| Document: 0001958244-26-000312-index.html | 0001958244-26-000312 |
| Document: 0001958244-26-000312.txt | 0001958244-26-000312 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 9, 2026
5d ago
|
Insider Cluster
| $152.53 awaiting T+1 | awaiting T+1 | — | $163.24 (+7.02%) |
|
Jun 8, 2026
6d ago
|
Insider Cluster
| $156.99 awaiting T+1 | awaiting T+1 | — | $163.24 (+3.98%) |
|
Jun 5, 2026
9d ago
|
144
| $153.06 awaiting T+1 | awaiting T+1 | — | $163.24 (+6.65%) |
|
Jun 4, 2026
10d ago
|
144
| $159.46 awaiting T+1 | awaiting T+1 | — | $163.24 (+2.37%) |
|
Jun 3, 2026
11d ago
|
Insider Cluster
| $166.01 $154.27 | ▼ −7.07% | ▼ −4.47% | $163.24 (−1.67%) |
|
May 28, 2026
17d ago
|
Insider Cluster
| $159.47 $170.68 | ▲ +7.03% | ▲ +6.77% | $163.24 (+2.36%) |
|
May 28, 2026
17d ago
|
Insider Cluster
| $159.47 $170.68 | ▲ +7.03% | ▲ +6.77% | $163.24 (+2.36%) |
|
May 27, 2026
18d ago
|
Insider Cluster
| $155.27 $159.47 | ▲ +2.71% | ▲ +2.47% | $163.24 (+5.13%) |
|
May 26, 2026
19d ago
|
Insider Cluster
| $154.31 $155.27 | ▲ +0.62% | ▲ +0.07% | $163.24 (+5.79%) |
|
May 26, 2026
19d ago
|
144
| $154.31 $155.27 | ▲ +0.62% | ▲ +0.07% | $163.24 (+5.79%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access