Form 4: Cisco EVP and CFO Richard Scott Herren Sells 86,351 Shares Under 10b5-1 Plan

Cisco's EVP and CFO, Richard Scott Herren, sold 86,351 shares of common stock at an average price of $57.4851 per share, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Richard Scott Herren, EVP and CFO of Cisco Systems, Inc., sold 86,351 shares of Cisco common stock on November 15, 2024.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 4, 2024.
• The shares were sold at a weighted average price of $57.4851, with individual transaction prices ranging from $57.24 to $58.06.
• Following the transaction, Mr. Herren still beneficially owns 365,313.943 shares of Cisco common stock, which includes dividend equivalents.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, with no indication of positive or negative sentiment. It is a neutral event.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, potentially impacting investor sentiment.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies, often part of pre-planned strategies for personal financial management. The use of a 10b5-1 plan indicates that the sale was not based on any non-public information.

Comparison to Industry Standards

• Sales by executives are common across the technology sector, with many executives using 10b5-1 plans to manage their stock holdings.
• Comparable companies such as Juniper Networks and Arista Networks also see similar filings from their executives.
• The volume of shares sold is not unusual for an executive of Mr. Herren's position.

Stakeholder Impact

• The sale may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial position.

Key Dates

Keywords

Cisco, insider trading, stock sale, Richard Scott Herren, Rule 10b5-1, executive compensation, CSCO