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 8,016 shares of common stock at an average price of $48.2411 per share.

Summary

• Deborah L. Stahlkopf, an Executive Vice President and Chief Legal Officer at Cisco Systems, Inc., sold 8,016 shares of Cisco common stock on May 17, 2024.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 5, 2023.
• The shares were sold at a weighted average price of $48.2411, with individual transaction prices ranging from $48.14 to $48.44.
• Following the transaction, Ms. Stahlkopf directly owns 180,705 shares of Cisco common stock, which includes dividend equivalents accrued on unvested restricted stock units and deferred restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to sell shares under pre-arranged 10b5-1 plans to avoid accusations of trading on inside information. This activity is not unusual for a company like Cisco.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, especially within the technology sector.
• Many executives use 10b5-1 plans to manage their stock sales, which is a standard practice to avoid insider trading concerns.
• Comparable companies like Microsoft, Apple, and Oracle also see similar filings from their executives.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the stock price given the pre-planned nature of the transaction.

Key Dates

Keywords

insider trading, Form 4, Rule 10b5-1, stock sale, Cisco, CSCO, executive, Deborah L. Stahlkopf