CEO of U.S. Network Equipment Company Sells Shares Worth Billions Through Family Trust

On April 16, Jayshree Ullal, CEO and Chair of U.S. networking equipment maker Arista Networks, Inc. (NASDAQ: ANET), sold roughly 549,000 shares of the company’s common stock in the open market under a pre-arranged Rule 10b5-1 trading plan set up through multiple family trusts, raising $87.7 million (about ₩120 billion).

On April 20, Ullal disposed of an additional 306,000 shares from her children’s and family trusts—netting $51.2 million (around ₩70 billion)—and disclosed that, while she disclaims beneficial ownership of those trust shares, she retains shared voting and investment decision rights.

Around the same time, President and CTO Kenneth Duda exercised stock options to acquire shares and then, under his own 10b5-1 plan, sold portions of his personally held shares as well as those held in a children’s trust and a foundation, executing a sale worth approximately ₩100 billion. Both executives noted that, through various family and trust structures, they continue to hold indirect stakes in Arista amounting to trillions of Korean won.

Separately, in its May 5 announcement of first-quarter 2026 results, Arista reported revenue of $2.71 billion—up more than 35% year-over-year—and raised its full-year 2026 revenue guidance to about $11.5 billion, including $3.5 billion in AI-related sales, citing strong demand for AI data-center networking.

Following the earnings release and an accompanying upward revision of analyst price targets amid heightened short-term stock volatility, global brokerages and investment publications have singled out Arista as a key beneficiary of the AI data-center infrastructure boom and continued to publish bullish analyses.

Headquartered in Silicon Valley, Arista Networks supplies Ethernet switches and EOS-based network solutions to large cloud service providers and AI compute data centers. India-born engineer-turned-executive Jayshree Ullal led Cisco’s switching business before joining Arista as CEO in 2008, guided the company through its 2014 NYSE IPO, and today oversees its long-term growth strategy and product roadmap.