Form 4: Cisco CFO Sells Shares Under Pre-Arranged 10b5-1 Plan
Insider Transaction Report
Cisco Systems EVP and CFO Mark Patterson sold 4,892 shares of common stock for approximately $381,399 through a pre-arranged Rule 10b5-1 trading plan.
Summary
- Mark Patterson, Executive Vice President and Chief Financial Officer of Cisco Systems, Inc. (CSCO), reported the sale of common stock.
- The transactions occurred on March 20, 2026, under a Rule 10b5-1 plan adopted on December 19, 2025.
- Patterson sold 2,391 shares at a weighted average price of $77.6777 per share, with prices ranging from $77.02 to $78.01.
- An additional 2,501 shares were sold at a weighted average price of $78.2576 per share, with prices ranging from $78.03 to $78.86.
- The total number of shares sold was 4,892.
- Following these transactions, Patterson beneficially owns 200,040.716 shares of Cisco common stock.
- This beneficial ownership includes 1,021.837 dividend equivalents accrued on unvested restricted stock units, each equivalent to one share of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale was pre-scheduled under a Rule 10b5-1 plan, typically for personal financial management rather than a reflection of new company-specific information.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider sales executed under pre-arranged Rule 10b5-1 plans are common for executive financial planning and typically do not signal a change in the company's operational or financial outlook.
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine insider sale under a pre-arranged plan, not typically indicative of a shift in company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 12/19/2025 | Date Rule 10b5-1 plan was adopted by the reporting person. |
| 03/20/2026 | Date of earliest transaction (sale of common stock). |
| 03/23/2026 | Date the Form 4 was signed and filed. |
Recommendation
holdThe sale by Cisco's CFO was conducted under a pre-arranged 10b5-1 plan, which is a common practice for executive financial planning and does not typically signal a change in the company's fundamental outlook or warrant a shift in investment strategy.
Keywords
Cisco Systems, CSCO, Insider Trading, Form 4, Stock Sale, Mark Patterson, 10b5-1 Plan, CFO
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