Form 4: Cisco Director Sells Shares After Stock Award
Insider Transaction Report
Cisco Systems Director Kristina M. Johnson reported the acquisition of 3,481 shares via a stock award and the subsequent sale of 13,481 shares of common stock.
Summary
- Kristina M. Johnson, a Director of Cisco Systems, Inc. (CSCO), reported transactions involving the company's common stock.
- On December 16, 2025, Johnson acquired 3,481 shares of common stock as a stock award, which was fully vested on the grant date, with a transaction price of $0.
- Following this acquisition, Johnson's beneficial ownership stood at 75,111.137 shares, which included 10,316.137 dividend equivalents accrued on vested deferred restricted stock units.
- On December 18, 2025, Johnson disposed of 13,481 shares of common stock through a sale at a weighted average price of $77.1341 per share.
- The shares were sold in multiple transactions at prices ranging from $77.13 to $77.15.
- After the disposition, Johnson's beneficial ownership decreased to 61,630.137 shares.
- The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions (stock award and subsequent sale) by a director, which are generally neutral in sentiment unless the scale or context is unusual. The sale was pre-planned under a Rule 10b5-1 plan.
Positives
- The acquisition of 3,481 shares was a stock award, indicating compensation for the director's service.
- The stock award was fully vested on the date of grant, providing immediate ownership.
Negatives
- A director sold 13,481 shares of common stock, reducing their direct beneficial ownership.
Risks
- While not explicitly stated as a risk, insider selling, even if pre-planned, can sometimes be perceived by the market as a lack of confidence, though often it is for personal financial planning or tax purposes.
Future Outlook
NA
Industry Context
This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitor analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Kristina M. Johnson executed a Power of Attorney on December 13, 2024, appointing R. Scott Herren, Maria Victoria Wong, Deborah L. Stahlkopf, Evan Sloves, Jay Higdon, and Jeremy Erickson as attorneys-in-fact to execute and file Form ID, 3, 4, or 5 reports on her behalf for transactions in Cisco securities. | 12/13/2024 | This streamlines the process for filing required SEC reports for the director, ensuring timely compliance with Section 16(a) of the Securities Exchange Act of 1934. |
Stakeholder Impact
- Shareholders: The sale of shares by a director could be viewed neutrally or slightly negatively, depending on individual investor perception, but it is a relatively small percentage of the director's holdings and was pre-planned under a Rule 10b5-1 plan.
Key Dates
| Date | Description |
|---|---|
| 12/13/2024 | Date Power of Attorney was executed by Kristina M. Johnson. |
| 12/16/2025 | Date of acquisition of 3,481 shares of common stock as a stock award. |
| 12/18/2025 | Date of disposition of 13,481 shares of common stock. |
Keywords
Cisco Systems, CSCO, Kristina M. Johnson, Insider Trading, Form 4, Stock Award, Share Sale, Director Transaction, Equity Compensation, Rule 10b5-1
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