Insider Selling: Arista Networks (NYSE:ANET) Major Shareholder Sells 220,000 Shares of Stock
MarketBeat
Arista Networks, Inc. (NYSE:ANET - Get Free Report) major shareholder Andreas Bechtolsheim sold 220,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $157.93, for a total transaction of $34,744,600.00. Following the transaction, the insider owned 111,848 shares in the company, valued at approximately $17,664,154.64. This represents a 66.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
NYSE:ANET
