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Contracts

Mar. 27, 2024

Arista Networks founder to pay $1M for insider trading

Andy Bechtolsheim traded option contracts in the accounts of a close relative and associate after learning that technology company Acacia Communications would be sold.

The founder of Bay Area technology company Arista Networks will pay $1 million to the U.S. Securities and Exchange Commission to resolve insider trading allegations related to his company’s acquisition by Cisco Systems, the agency announced Tuesday.

“Andy Bechtolsheim serves in a non-executive role as Arista’s founder & chief architect. While the SEC announcement did not involve any trading in Arista securities, Arista takes complianc...

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