Form 4: Cisco CFO Mark Patterson Executes Stock Sale Plan

Cisco Systems EVP and CFO Mark Patterson sold 7,397 shares of common stock pursuant to a pre-established Rule 10b5-1 trading plan.

Summary

• CFO Mark Patterson disposed of 6,399.098 shares on June 10, 2026, to satisfy tax withholding obligations related to the vesting of restricted stock units.
• The executive sold an additional 7,397 shares across multiple transactions on June 11, 2026, at weighted average prices ranging from $117.59 to $122.39.
• All sales were conducted under a Rule 10b5-1 trading plan adopted on December 19, 2025.
• Following these transactions, the reporting person retains beneficial ownership of 177,516.881 shares of Cisco common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transactions were pre-planned and primarily related to tax obligations and routine portfolio management.

Positives

• The transactions were executed under a pre-planned Rule 10b5-1 program, which is a standard mechanism for executives to sell stock without triggering insider trading concerns.

Negatives

• The sale represents a reduction in the executive's direct equity stake in the company.

Risks

• Continued reliance on Rule 10b5-1 plans for liquidity may signal periodic selling pressure from key management personnel.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Industry Context

StockSavvy.ai notes that executive stock sales under 10b5-1 plans are routine corporate governance events and generally do not reflect a change in management's outlook on the company's long-term performance.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is the industry standard for C-suite executives at major technology firms like Cisco to manage personal equity holdings while maintaining regulatory compliance.

Stakeholder Impact

• Minimal impact expected on shareholders as the sales were executed via a pre-arranged plan.

Next Steps

• Continued monitoring of future Form 4 filings for further changes in executive ownership.

Key Dates

Keywords

Cisco Systems, CSCO, Insider Trading, Form 4, CFO, Rule 10b5-1, Equity Compensation