Insider trade

Director sold ~$1.2M of ANET shares in the open market

Traded Nov 17, 2025 · Filed Nov 20, 2025

~$1.2M
Reported value · 9,262 sh @ $129.1556: 20K
Holds after · shares reported: +60.7%
stock since the trade · S&P 500 +14.8%, $127.26 → $204.49 on Oct 1

Why it stands out

A board member of Arista Networks sold $1.2M of Arista Networks shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Nov 17, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 20, 2025

Director$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$1,196,239

Shares × reported transaction price

Timing vs results

13 days after results of Nov 4, 2025, 87 days before results of Feb 12, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $127.26 on Nov 17, 2025, 98% above its 52-week low and 21% below its high, after a 15% drop over the previous 30 trading days

52-week range $64.37 (Apr 4, 2025) to $162.03 (Oct 29, 2025), 64% of the way up, from 250 adjusted closes. 30 trading days earlier: $149.50 on Oct 6, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+9.3%	+4.7%	+4.5%
30 days	+9.3%	+5.0%	+4.4%
90 days	+16.7%	+5.2%	+11.5%
180 days	+18.4%	+12.4%	+6.0%

Past results only. Not a forecast.

Source receipt

Record ID: 0001596532-25-000292
Filed / recorded: Nov 20, 2025, 12:29 AM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Arista Networks, Inc.
Issuer CIK: 1596532
Ticker: ANET
Reporting person: Kenneth Duda
Relationship: Director, Officer
Officer title: President and CTO
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Nov 17, 2025
Transaction code: S
Shares / units: 9,262
Price per share: $129.1556
Acquired / disposed: Disposed (D)
Shares owned after: 20,305
Ownership form: Direct
Amendment: No

Footnotes from the filing

The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on March 13, 2025.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.58 to $129.54, 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.