Arista's CEO sold $97.6M of stock on launch day, at the all-time high
Jayshree Ullal sold $97.6 million of Arista stock on October 7, the day of the Etherlink SU-144 launch and a record $214.97 print, taking her reported 90-day proceeds to $543.7 million under a year-old trading plan. Another $21.1 million is proposed, and Q3 results land on November 3.
Vincent Jiang · 2 min read
Launch day, a record print, and the CEO's $97.6M sale
On October 7 Arista Networks−2.19% — Arista Networks, down 2.19 percent today fired its open-Ethernet raid on the AI rack 2. Etherlink SU-144, engineered with AMD−4.24% — AMD, down 4.24 percent today, Broadcom−3.95% — Broadcom, down 3.95 percent today, Meta−0.26% — Meta, down 0.26 percent today, Microsoft−1.43% — Microsoft, down 1.43 percent today and Qualcomm−0.62% — Qualcomm, down 0.62 percent today, links up to 144 accelerators in a single hop and 1,024 across racks, an explicit alternative to Nvidia's−2.80% — Nvidia, down 2.80 percent today NVLink islands 26.
The stock printed an all-time high of $214.97 3. At 4:09 pm, EDGAR accepted a Form 144 showing chair and CEO Jayshree Ullal had sold 460,374 shares that day for $97,642,609.19, an average near $212, a shade under the record 1.
$543.7 million in ninety days
The same form lists seven Ullal sales between July 9 and October 7: 2,686,809 shares for $543,656,470, about a fifth of one percent of Arista's shares outstanding 1. The July-to-September rows sum to 2,226,435 shares and $446.0 million, the exact tally trackers used to rank her the quarter's No. 2 insider seller, behind Nvidia director Mark Stevens at $946.6 million and ahead of CoreWeave's−7.46% — CoreWeave, down 7.46 percent today Intrator and Jeff Bezos 14.
Another 96,992 shares, $21.1 million at market, are proposed through Fidelity 1. Retail kept bidding: a Stocktwits post that day called the breakout to 250, then 300, then 400 5.
Seven sales in ninety days, and $97.6M of it on launch day
Data
| Gross proceeds | |
|---|---|
| 9 Jul | $45.6M |
| 10 Jul | $43.9M |
| 5 Aug | $221.2M |
| 12 Aug | $119.4M |
| 25 Aug | $2.6M |
| 25 Sep | $13.2M |
| 7 Oct | $97.6M |
The plan predates the rally
Every sale runs under a Rule 10b5-1 plan adopted on November 14, 2025, before the run to the record; the shares come from family trusts and a 2008 option exercise 1. Bezos adopted his selling plan the same month 4.
This is scheduled supply meeting euphoria, not a signaled exit, and the growth underneath is real: Q2 2026 was Arista's first $3 billion quarter, revenue up 37.7% year on year 28. Dell'Oro has AI back-end Ethernet switch sales doubling in Q1, with Arista No. 3 behind Celestica and Nvidia 7.
Q3's biggest insider sellers are an AI leaderboard, and Ullal runs second
Data
| Value | |
|---|---|
| Mark Stevens, Nvidia | $946.6M |
| Jayshree Ullal, Arista | $446M |
| Keith Meister, Illumina | $436M |
| Xuning Wang, SharkNinja | $401M |
| Michael Intrator, CoreWeave | $347M |
| Jeff Bezos, Amazon | $346.5M |
The checkpoint is November 3
Results land after the close on November 3 2, with $21.1 million still queued 1 and rack demos at the OCP summit from October 12 to 15 2. The crowd is underwriting $400; the person running the company was the other side of the trade at $212.
Deepdive
AI-generated from this story and its cited sources. Not investment advice.
