Arista Networks CEO and Chairperson Jayshree Ullal's family trusts sold 96,992 shares on October 7, 2026, at a weighted average price of $217.14 per share, generating approximately $21.1 million in proceeds. The transactions were executed through three trust accounts under a Rule 10b5-1 trading plan adopted on November 14, 2025.
The Form 4 filing shows 13,860 shares sold from each of two trusts established for Ullal's children, and 69,272 shares from a separate family trust. Prices ranged from $217.00 to $217.18. Ullal serves as trustee or co-trustee for these accounts but disclaims beneficial ownership of the trust shares, while retaining shared voting and investment control.
Following the sales, the filing reports Ullal's direct holdings at 9,917 shares and indirect holdings through family trusts at 25,190,432 shares. The October 7 transaction represents roughly 0.38% of the total trust holdings, which were valued at approximately $5.46 billion at the close of trading on October 9.
This marks the fourth sale among Ullal's five most recent Form 4 filings. Previous transactions include 460,374 shares sold on October 6 at about $212.09 ($97.6 million), 62,622 shares on September 25 at about $211.40 ($13.2 million), 13,809 shares on August 25 at about $191.79 ($2.6 million), and 573,509 shares on August 12 at about $208.13 ($119.4 million). Bloomberg's third-quarter tally placed Ullal among the top 10 insider sellers, with $446 million from 2,226,435 shares sold.