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

Cisco's CEO, Charles Robbins, executed stock sales on February 14, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Charles Robbins, the Chair and CEO of Cisco Systems, Inc., sold shares of Cisco common stock on February 14, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 28, 2024.
• A total of 15,784 shares were sold at a weighted average price of $64.0107, with individual prices ranging from $63.46 to $64.45.
• An additional 16,199 shares were sold at a weighted average price of $64.8086, with individual prices ranging from $64.46 to $65.04.
• Following these transactions, Robbins directly owns 736,120 shares of Cisco common stock.
• The reported holdings include dividend equivalents accrued on both vested and unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without being accused of acting on non-public information. Investors often monitor these filings to gauge executive sentiment, although pre-planned sales are less indicative of current sentiment.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the pre-planned nature of the transactions.

Key Dates