Form 4: Cisco EVP and Chief Legal Officer Sells Shares Under 10b5-1 Plan

Deborah L. Stahlkopf, EVP and Chief Legal Officer at Cisco Systems, sold 2,619 shares of common stock at $45.345 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Deborah L. Stahlkopf, an Executive Vice President and Chief Legal Officer at Cisco Systems, Inc., sold 2,619 shares of Cisco common stock.
• The sale occurred on June 13, 2024, at a price of $45.345 per share.
• This transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 5, 2023.
• Following the transaction, Ms. Stahlkopf beneficially owns 176,384 shares of Cisco common stock, which includes 6,663 dividend equivalents accrued on unvested restricted stock units and 936 dividend equivalents accrued on unvested deferred restricted stock units.

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.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to manage their stock sales and avoid accusations of trading on inside information. This type of transaction is not unusual for a company like Cisco.

Comparison to Industry Standards

• Executive stock sales under 10b5-1 plans are common across the technology industry, including companies like Microsoft (MSFT), Apple (AAPL), and Intel (INTC).
• These plans allow executives to sell shares at predetermined times and prices, reducing the risk of insider trading allegations.
• The volume of shares sold by Ms. Stahlkopf is relatively small compared to the total outstanding shares of Cisco, and is not unusual for an executive of her level.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on investor sentiment, but is unlikely to significantly affect the share price given the relatively small volume and the pre-arranged nature of the sale.

Key Dates

Keywords

insider trading, stock sale, 10b5-1 plan, executive transaction, Cisco, CSCO, Deborah Stahlkopf