Form 4: Cisco EVP and CFO Richard Scott Herren Sells Shares

Richard Scott Herren, EVP and CFO of Cisco Systems, Inc., sold shares of common stock on February 14, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 14, 2025, Richard Scott Herren, the EVP and CFO of Cisco Systems, Inc., sold shares of Cisco common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on March 4, 2024.
• Two transactions occurred: one involving the sale of 9,681 shares at a weighted average price of $64.0012, and another involving the sale of 10,248 shares at a weighted average price of $64.8036.
• Following these transactions, Herren directly owns 335,604.74 shares of Cisco common stock.
• The reported holdings include dividend equivalents accrued on vested and unvested deferred restricted stock units and unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as the sales were conducted under a pre-arranged plan.

Industry Context

Executive stock sales are a common occurrence and are often part of pre-planned diversification strategies or to cover tax obligations related to equity compensation. The use of a 10b5-1 plan suggests the sales were planned in advance to avoid any appearance of trading on inside information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• However, given the pre-planned nature of the sales, the impact is likely to be minimal.

Key Dates