Andreas Bechtolsheim has filed 129 Form 4 transactions, all in Arista Networks (ANET), and every one of them has been a sale. The total value of those sales is $579.35 million. There are no open-market purchases, no option exercises, and no acquisitions of any kind in the record. The pattern is a consistent, one-directional reduction of his stake in the networking equipment company.
The most recent activity, covering the last three months of filings, shows 25 separate sale transactions, all coded "S" for open-market sales. The largest cluster came on September 17, 2026, when Bechtolsheim filed 12 sales totaling roughly $58.7 million. Individual transactions on that date ranged from about $1.39 million to $11.63 million. Prior to that, on August 27, 2026, he filed seven sales worth about $60.8 million, with the largest single sale at $14.96 million. On August 6, 2026, he filed six sales totaling approximately $54.0 million, including one sale of $26.19 million and another of $19.20 million.
The dollar values are substantial, but the direction is unambiguous. Bechtolsheim has sold Arista shares in large blocks across multiple dates, with no corresponding buys. The sales are spread across several weeks, which suggests a scheduled or systematic disposition rather than a single event. The filings do not indicate any purchases in the same period, so the net position change is entirely negative.
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