Form 4: Cisco CEO Charles Robbins Sells 26,331 Shares Under 10b5-1 Plan

Cisco's CEO, Charles Robbins, sold 26,331 shares of common stock at an average price of $46.0973 per share, as part of a pre-arranged trading plan.

Summary

• Charles Robbins, CEO of Cisco Systems, sold 26,331 shares of Cisco common stock on May 29, 2024.
• The sale was executed at a weighted average price of $46.0973 per share.
• The transactions occurred within a price range of $45.87 to $46.33 per share.
• This sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 28, 2024.
• Following the transaction, Robbins beneficially owns 725,363 shares of Cisco common stock, which includes dividend equivalents.

Sentiment

Score: 5

Explanation: The document reflects a routine stock sale by an executive under a pre-arranged plan, which is neither positive nor negative for the company's performance.

Industry Context

This is a routine transaction for executives who often use 10b5-1 plans to manage their stock sales and avoid accusations of insider trading. It is common for executives to sell shares for personal financial management.

Comparison to Industry Standards

• Executive stock sales under 10b5-1 plans are a common practice across the technology industry, including companies like Microsoft, Apple, and Intel.
• These plans allow executives to sell shares at predetermined times and prices, mitigating the risk of insider trading allegations.
• The volume of shares sold by Robbins is not unusual for a CEO of a large technology company.

Stakeholder Impact

• The stock sale is unlikely to have a significant impact on shareholders, as it was part of a pre-arranged plan.
• The transaction does not affect the company's operations or financial health.

Key Dates

Keywords

Cisco, Charles Robbins, insider trading, stock sale, Rule 10b5-1, executive compensation, CSCO