--- title: "Arista's CEO sold $97.6M of stock on launch day, at the all-time high" description: "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." publisher: "The Inference" section: "Money" published: 2026-10-09T01:09:11.359Z modified: 2026-10-09T01:09:11.359Z canonical: https://theinference.org/article/arista-s-ceo-sold-97-6m-of-stock-on-launch-day-at-the-all-time-high language: en keywords: "Arista Networks, Insider Sales, AI Networking, Nvidia" --- # 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. ## Launch day, a record print, and the CEO's $97.6M sale On October 7 [Arista Networks](https://theinference.org/markets/companies/arista-networks) [fired its open-Ethernet raid on the AI rack](https://www.businesswire.com/news/home/20261007717725/en/) [2]. Etherlink SU-144, engineered with [AMD](https://theinference.org/markets/companies/amd), [Broadcom](https://theinference.org/markets/companies/broadcom), [Meta](https://theinference.org/markets/companies/meta), [Microsoft](https://theinference.org/markets/companies/microsoft) and [Qualcomm](https://theinference.org/markets/companies/qualcomm), links up to 144 accelerators in a single hop and 1,024 across racks, an explicit alternative to [Nvidia](https://theinference.org/markets/companies/nvidia)'s NVLink islands [2][6]. The stock [printed an all-time high of $214.97](https://au.investing.com/news/stock-market-news/arista-networks-stock-hits-alltime-high-at-21497-usd-93CH-4675782) [3]. At 4:09 pm, EDGAR accepted [a Form 144](https://www.stocktitan.net/sec-filings/ANET/144-arista-networks-inc-sec-filing-bc414e80e61f.html) 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](https://theinference.org/markets/companies/arista-networks) 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](https://finance.yahoo.com/markets/stocks/articles/q3-2026-insider-stock-sales-133557040.html), behind Nvidia director Mark Stevens at $946.6 million and ahead of [CoreWeave](https://theinference.org/markets/companies/coreweave)'s Intrator and Jeff Bezos [1][4]. Another 96,992 shares, $21.1 million at market, are proposed through Fidelity [1]. Retail kept bidding: [a Stocktwits post that day](https://stocktwits.com/Iwannagofast1/message/665888865) called the breakout to 250, then 300, then 400 [5]. *Chart: **Seven sales in ninety days, and $97.6M of it on launch day** Column chart of Ullal's seven reported Arista share sales by date, July to October 2026* *Gross proceeds by sale date from the Form 144 three-month table, US$ millions; sales executed under a Rule 10b5-1 plan adopted November 14, 2025. Source: SEC Form 144 via StockTitan. [1]* ## 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 $3 billion quarter, revenue up 37.7% year on year](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001596532) [2][8]. Dell'Oro has AI back-end Ethernet switch sales doubling in Q1, with Arista No. 3 behind Celestica and Nvidia [7]. *Chart: **Q3's biggest insider sellers are an AI leaderboard, and Ullal runs second** Ranked bars of Q3 2026 insider sale proceeds, Ullal second behind Nvidia's Mark Stevens* *Q3 2026 gross proceeds of reported insider sales, US$ millions, approximate, from Washington Service insider data; four of the six sit on AI infrastructure. Source: Yahoo Finance (Quartz). [4]* ## 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. ## Takeaway Under a trading plan adopted before the rally, Arista's CEO sold $97.6 million on launch day and $543.7 million in ninety days, with $21.1 million more queued ahead of Q3 results on November 3. ## Sources 1. [StockTitan, Arista Networks' Ullal proposes $21.1M share sale (SEC Form 144 notice), 7 October 2026](https://www.stocktitan.net/sec-filings/ANET/144-arista-networks-inc-sec-filing-bc414e80e61f.html) 2. [Business Wire, Arista Announces Rack-Scale Architectures for Scale-Up and Scale-Out AI Fabrics, 7 October 2026](https://www.businesswire.com/news/home/20261007717725/en/) 3. [Investing.com (AU), Arista Networks stock hits all-time high at 214.97 USD, 7 October 2026](https://au.investing.com/news/stock-market-news/arista-networks-stock-hits-alltime-high-at-21497-usd-93CH-4675782) 4. [Yahoo Finance (Quartz), Q3 2026 insider stock sales: Nvidia's Mark Stevens tops AI sellers, 7 October 2026](https://finance.yahoo.com/markets/stocks/articles/q3-2026-insider-stock-sales-133557040.html) 5. [Stocktwits, @Iwannagofast1 post on $ANET, 7 October 2026](https://stocktwits.com/Iwannagofast1/message/665888865) 6. [Network World, Arista steps up its Ethernet challenge to Nvidia's AI scale-up networking fabric, 7 October 2026](https://www.networkworld.com/article/4232036/arista-steps-up-its-ethernet-challenge-to-nvidias-ai-scale-up-networking-fabric.html) 7. [SDxCentral, Arista Networks unleashes ESUN-based rack-scale architecture targeting AI infra, 8 October 2026](https://www.sdxcentral.com/news/arista-networks-unleashes-esun-based-rack-scale-architecture-targeting-ai-infra/) 8. [Arista Networks, quarterly figures from its SEC filings, retrieved 9 October 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001596532) --- Arista's CEO sold $97.6M of stock on launch day, at the all-time high — The Inference. Canonical: https://theinference.org/article/arista-s-ceo-sold-97-6m-of-stock-on-launch-day-at-the-all-time-high