The dollar amount is negligible for a $199B company, and the sales are likely routine portfolio diversification. Monitor for any material increase in insider selling volume or a sudden shift to C-suite cluster selling above 0.1% of market cap, which would warrant attention.
Price Chart
Executive Summary
Four Arista insiders sold a total of ~$5.72M in open-market sales over a 7-day window, led by 10% owner Andreas Bechtolsheim ($3.65M) and President/CTO Kenneth Duda ($2.02M). The cluster value is ~0.003% of ANET's $199B market cap — a trivial amount that does not signal material bearish conviction, especially given the absence of any negative corporate event in the filing context.
Key Financial Metrics
Key Facts
- Four insiders sold shares totaling $5.72M in open-market transactions from May 15-22, 2026.
- Andreas Bechtolsheim (10% Owner) sold 24,381 shares for $3.65M at $149.68.
- Kenneth Duda (President and CTO) sold 14,500 shares for $2.02M at $139.41.
- Two directors sold minor amounts: Yvonne Wassenaar ($45K) and Kelly Bodnar ($281).
- Total cluster value represents ~0.003% of ANET's $199B market cap — well below the 0.1% materiality threshold.
- No insider purchases were reported in the cluster window.
Financial Impact
Total insider sales of $5.72M, or ~0.003% of market cap — immaterial relative to company size.
Risk Factors
- Insider selling could accelerate if insiders perceive headwinds in the networking equipment cycle.
- No insider buying to signal confidence — lack of bullish insider signal.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ANET-1779924265785 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | Insider Cluster | $199.59 $199.39 | ▼ −0.10% | ▲ +0.12% | $207.40 (+3.91%) |
Sep 3, 2026 28d ago | Insider Cluster | $193.78 $187.81 | ▼ −3.08% | ▼ −1.87% | $207.40 (+7.03%) |
Aug 31, 2026 4w ago | Insider Cluster | $189.26 $192.93 | ▲ +1.94% | ▲ +1.86% | $207.40 (+9.58%) |
Aug 31, 2026 4w ago | Insider Cluster | $189.26 $192.93 | ▲ +1.94% | ▲ +1.86% | $207.40 (+9.58%) |
Aug 27, 2026 5w ago | Insider Cluster | $195.38 $193.78 | ▼ −0.82% | ▼ −0.93% | $207.40 (+6.15%) |
Aug 25, 2026 5w ago | Insider Cluster | $202.25 $186.10 | ▼ −7.99% | ▼ −7.87% | $207.40 (+2.55%) |
Aug 14, 2026 6w ago | Insider Cluster | $201.80 $188.15 | ▼ −6.76% | ▼ −5.57% | $207.40 (+2.78%) |
Aug 10, 2026 7w ago | Insider Cluster | $197.85 $193.18 | ▼ −2.36% | ▼ −1.96% | $207.40 (+4.83%) |
Aug 7, 2026 7w ago | Insider Cluster | $191.52 $201.80 | ▲ +5.37% | ▲ +5.41% | $207.40 (+8.29%) |
Aug 6, 2026 8w ago | 144 | $188.67 $198.82 | ▲ +5.38% | ▲ +4.98% | $207.40 (+9.93%) |
US Market Status
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