Bechtolsheim Family Trust Maintains Large Arista Networks Stake

TL;DR

**Bechtolsheim Family Trust still owns 45.9M Arista Networks shares, big insider confidence.**

AI Summary

The Bechtolsheim Family Trust, a significant insider, filed an amended SC 13G/A on January 31, 2024, disclosing their beneficial ownership in Arista Networks, Inc. as of December 31, 2023. The Trust holds 45,940,474 shares of Arista Networks' common stock, representing a substantial portion of the company. This filing indicates a continued, strong insider stake, which can be a positive signal for investors as it aligns the interests of major shareholders with the company's long-term success.

Why It Matters

This filing shows a key insider, the Bechtolsheim Family Trust, continues to hold a very large number of Arista Networks shares, signaling their ongoing confidence in the company's future.

Risk Assessment

Risk Level: low — This filing indicates stable, significant insider ownership, which generally reduces risk by aligning management/founder interests with shareholders.

Analyst Insight

A smart investor would view this continued, substantial insider ownership by the Bechtolsheim Family Trust as a positive signal, suggesting strong confidence in Arista Networks' long-term prospects, and might consider it a factor in their investment decision.

Key Numbers

• 45,940,474 — Shares Beneficially Owned (Represents the total number of Arista Networks shares the Bechtolsheim Family Trust has sole voting and dispositive power over, as of December 31, 2023.)

Key Players & Entities

• Bechtolsheim Family Trust (company) — Reporting Person, beneficial owner of Arista Networks shares
• Arista Networks, Inc. (company) — Subject Company, issuer of the securities
• 45,940,474 shares (dollar_amount) — Number of shares beneficially owned by the Bechtolsheim Family Trust
• United States of America (person) — Citizenship or Place of Organization for the Bechtolsheim Family Trust
• December 31, 2023 (person) — Date of Event Which Requires Filing of this Statement

Forward-Looking Statements

• The Bechtolsheim Family Trust will maintain a significant ownership stake in Arista Networks. (Bechtolsheim Family Trust) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class o

Filing Documents

• d743190dsc13ga.htm (SC 13G/A) — 40KB
• 0001193125-24-020925.txt ( ) — 42KB

From the Filing

SC 13G/A 1 d743190dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 9)* Arista Networks, Inc. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class of Securities) 040413106 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-l(b) Rule 13d-l(c) Rule 13d-l(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 040413106 1. Names of Reporting Persons. Bechtolsheim Family Trust 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization United States of America Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power 45,940,474 shares (See Item 4(a) below) 6. Shared Voting Power 0 (See Item 4(a) below) 7. Sole Dispositive Power 45,940,474 shares (See Item 4(a) below) 8. Shared Dispositive Power 0 (See Item 4(a) below) 9. Aggregate Amount Beneficially Owned by Each Reporting Person 45,940,474 (See Item 4(a) below) 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 14.7% 12. Type of Reporting Person (See Instructions) IN Page 2 of 5 pages Item 1. (a) Name of Issuer: Arista Networks, Inc. (b) Address of Issuers Principal Executive Offices: 5453 Great America Parkway Santa Clara, CA 95054 Item 2. (a)-(c) Name of Person Filing; Address of Principal Business Office or, if none, Residence; Citizenship This Statement is filed by Bechtolsheim Family Trust, c/o Arista Networks, Inc., 5453 Great America Parkway, Santa Clara, CA 95054. The Bechtolsheim Family Trust is a resident of the United States. (d) Title of Class of Securities: Common Stock, $0.0001 par value per share (e) CUSIP Number: 040413106 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment advisor in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J); (k) Group, in accordance with 240.13d1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with240.13d1(b)(1)(ii)(J), please specify the type of institution: ____ Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned:45,940,474 shares which includes (i) 103,462 shares held directly by Mr. Bechtolsheim, (ii) 45,807,012 shares held by the Bechtolsheim Family Trust for which Mr. Bechtolsheim serves as trustee, and exercises voting and investment control, and (iii) options to purchase an aggregate of 30,000 shares of common stock held by Mr. Bechtolsheim that are exercisable within 60 days of December 31, 2023. (b) Percent of class: 14.7% (percentage ownership is calculated based on 312,274,661 shares outstanding as of December 31, 2023, and assumes that the 30,000 shares of common stock underlying the stock options are deemed outstanding pursuant to SEC Rule 13d-3(d)(1)(i)). Page 3 of 5 pages (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 45,940,474 shares (See item 4(a) above). (ii) Shared power to vote or to direct the vot

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