Form 4: Cisco Director Transfers Shares to Living Trust

Cisco Systems Director Mark Garrett transferred 3,481 shares of common stock from direct ownership to a living trust on December 19, 2025.

Summary

• Mark Garrett, a Director of Cisco Systems, Inc. (CSCO), reported a change in beneficial ownership of common stock.
• On December 19, 2025, Garrett disposed of 3,481 shares of common stock directly held.
• Concurrently, 3,481 shares of common stock were acquired indirectly by the Garrett Living Trust.
• Both transactions were reported with a price of $0, indicating a transfer rather than a sale or purchase.
• Following these transactions, Garrett's indirect beneficial ownership through the Garrett Living Trust stands at 40,409 shares.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving a transfer of shares from direct ownership to a trust, which is a neutral event with no direct positive or negative implications for the company's operational or financial performance.

Positives

• The transaction represents a standard personal financial planning move, such as estate planning, which can provide long-term stability for the insider's holdings.

Negatives

• No direct negative implications for the company's operations or financial health are indicated by this routine insider transaction.

Risks

• No specific risks to the company are disclosed or implied by this Form 4 filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

This is a routine insider transaction filing and does not provide information relevant to broader industry trends or competitive landscape. Such transfers are common for executives and directors for personal financial planning.

Comparison to Industry Standards

• This filing details a personal share transfer by a director, which is a common practice for estate planning among executives. It does not provide company performance data for comparison to industry benchmarks or competitors.

Related Party Transactions

• The transfer of shares to the Garrett Living Trust can be considered a related party transaction in terms of beneficial ownership, as the trust is controlled by the reporting person. However, it is a change in the form of ownership rather than a commercial transaction.

Stakeholder Impact

• Shareholders: Minimal to no direct impact, as the total beneficial ownership by the director remains unchanged, only the form of ownership.
• Employees, Customers, Suppliers, Creditors: No discernible impact.

Key Dates

Keywords

Cisco Systems, CSCO, Mark Garrett, Form 4, insider transaction, beneficial ownership, common stock, living trust, director, share transfer