=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-06-04
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: Arista Networks, Inc. (ANET)
CIK: 0001596532
--- Reporting Owner ---
Name: BECHTOLSHEIM ANDREAS
CIK: 0001133206
Role: 10%+ Owner
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-06-04 | Code: M (Exercise of derivative)
Shares: +61,328 | Price: $15.26
Total Value: $936,018.60
Shares Owned After: 475,176 | Ownership: D (Direct)
Footnotes:
[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.
[Transaction #2]
Security: Common Stock
Date: 2026-06-04 | Code: M (Exercise of derivative)
Shares: +96,672 | Price: $14.15
Total Value: $1,367,551.11
Shares Owned After: 571,848 | Ownership: D (Direct)
Footnotes:
[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.
[Transaction #3]
Security: Common Stock
Date: 2026-06-04 | Code: S (Open market sale)
Shares: -5,366 | Price: $158.07
Total Value: $848,214.35
Shares Owned After: 566,482 | Ownership: D (Direct)
Footnotes:
[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.
[F2] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.545 to $158.53, 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.
[Transaction #4]
Security: Common Stock
Date: 2026-06-04 | Code: S (Open market sale)
Shares: -7,540 | Price: $159.01
Total Value: $1,198,951.23
Shares Owned After: 558,942 | Ownership: D (Direct)
Footnotes:
[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.
[F3] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $158.55 to $159.52, 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.
[Transaction #5]
Security: Common Stock
Date: 2026-06-04 | Code: S (Open market sale)
Shares: -4,511 | Price: $160.04
Total Value: $721,956.68
Shares Owned After: 554,431 | Ownership: D (Direct)
Footnotes:
[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.
[F4] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.555 to $160.545, 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.
[Transaction #6]
Security: Common Stock
Date: 2026-06-04 | Code: S (Open market sale)
Shares: -8,646 | Price: $161.10
Total Value: $1,392,848.12
Shares Owned After: 545,785 | Ownership: D (Direct)
Footnotes:
[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.
[F5] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.57 to $161.555, 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.
[Transaction #7]
Security: Common Stock
Date: 2026-06-04 | Code: S (Open market sale)
Shares: -123,450 | Price: $162.08
Total Value: $20,009,072.28
Shares Owned After: 422,335 | Ownership: D (Direct)
Footnotes:
[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.
[F6] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $161.57 to $162.555, 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.
[Transaction #8]
Security: Common Stock
Date: 2026-06-04 | Code: S (Open market sale)
Shares: -9,107 | Price: $163.04
Total Value: $1,484,807.10
Shares Owned After: 413,228 | Ownership: D (Direct)
Footnotes:
[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.
[F7] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $162.60 to $163.585, 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.
[Transaction #9]
Security: Common Stock
Date: 2026-06-04 | Code: S (Open market sale)
Shares: -23,984 | Price: $164.20
Total Value: $3,938,285.52
Shares Owned After: 389,244 | Ownership: D (Direct)
Footnotes:
[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.
[F8] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.60 to $164.595, 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.
[Transaction #10]
Security: Common Stock
Date: 2026-06-04 | Code: S (Open market sale)
Shares: -18,660 | Price: $164.97
Total Value: $3,078,390.58
Shares Owned After: 370,584 | Ownership: D (Direct)
Footnotes:
[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.
[F9] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.60 to $165.595, 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.
[Transaction #11]
Security: Common Stock
Date: 2026-06-04 | Code: S (Open market sale)
Shares: -11,950 | Price: $166.14
Total Value: $1,985,430.36
Shares Owned After: 358,634 | Ownership: D (Direct)
Footnotes:
[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 $165.60 to $166.485, 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.
[Transaction #12]
Security: Common Stock
Date: 2026-06-04 | Code: S (Open market sale)
Shares: -26,383 | Price: $167.15
Total Value: $4,409,913.17
Shares Owned After: 332,251 | Ownership: D (Direct)
Footnotes:
[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.
[F11] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.62 to $167.615, 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.
[Transaction #13]
Security: Common Stock
Date: 2026-06-04 | Code: S (Open market sale)
Shares: -403 | Price: $167.66
Total Value: $67,566.54
Shares Owned After: 331,848 | Ownership: D (Direct)
Footnotes:
[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.
[F12] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.625 to $167.745, 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.
--- Derivative Transactions ---
[Transaction #1]
Security: Non-Qualified Stock Option (right to buy)
Date: 2026-06-04 | Code: M (Exercise of derivative)
Shares: -96,672 | Price: $0.00
Exercisable: N/A | Expires: 2029-02-07
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[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.
[F14] 1/48th of the shares subject to the option vested and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
[Transaction #2]
Security: Non-Qualified Stock Option (right to buy)
Date: 2026-06-04 | Code: M (Exercise of derivative)
Shares: -61,328 | Price: $0.00
Exercisable: N/A | Expires: 2028-04-12
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[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.
[F15] 1/48th of the shares subject to the option vested and become exercisable on June 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F13] These shares are held by a family trust for which the reporting person is a trustee.
--- Footnotes (Complete Index) ---
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 $165.60 to $166.485, 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 $166.62 to $167.615, 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 $167.625 to $167.745, 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.
F13: These shares are held by a family trust for which the reporting person is a trustee.
F14: 1/48th of the shares subject to the option vested and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F15: 1/48th of the shares subject to the option vested and become exercisable on June 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.545 to $158.53, 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.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $158.55 to $159.52, 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.
F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.555 to $160.545, 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 $160.57 to $161.555, 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 $161.57 to $162.555, 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 $162.60 to $163.585, 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 $163.60 to $164.595, 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 $164.60 to $165.595, 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 ---
/s/ By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Andreas Bechtolsheim (2026-06-08)
