Form 4: Cisco EVP Sells Shares Under 10b5-1 Plan

Cisco Systems EVP of Global Sales, Oliver Tuszik, sold a total of 5,440 shares of common stock in November 2025 under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Oliver Tuszik, Executive Vice President of Global Sales at Cisco Systems, Inc. (CSCO), reported sales of the company's common stock.
• On November 14, 2025, 5,425 shares were sold at a price of $76.56 per share.
• On November 17, 2025, an additional 15 shares were sold at a price of $77.98 per share.
• These transactions were executed pursuant to a Rule 10b5-1 plan that Tuszik adopted on June 20, 2025.
• Following these reported transactions, Tuszik's direct beneficial ownership stands at 210,392.606 shares of Cisco common stock.
• The beneficial ownership figure includes 712.371 dividend equivalents accrued on unvested restricted stock units, with each equivalent representing the economic value of one share of Cisco common stock.

Sentiment

Score: 5

Explanation: The filing is a standard disclosure of insider stock sales executed under a Rule 10b5-1 plan, which is a routine event for executives and does not inherently convey positive or negative sentiment about the company's performance or outlook.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 plan, which provides an affirmative defense against insider trading allegations by establishing a trading plan in advance, indicating transparency and adherence to regulatory best practices.

Negatives

• Insider selling, even under a 10b5-1 plan, can sometimes be perceived as a lack of confidence by some investors, although these sales represent a relatively small portion of the executive's total holdings.

Risks

• No specific risks are mentioned in this Form 4 filing beyond the general implication of insider selling, which is mitigated by the pre-arranged 10b5-1 plan.

Future Outlook

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

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide information that directly relates to broader industry trends or competitive landscape analysis.

Stakeholder Impact

• Shareholders: Minor impact. Routine insider sales under a 10b5-1 plan are generally not seen as a significant signal of company health or future prospects, especially given the relatively small volume compared to the company's total outstanding shares.
• Employees, Customers, Suppliers, Creditors: No direct impact from this filing.

Key Dates

Keywords

Cisco Systems, CSCO, Oliver Tuszik, Form 4, insider trading, stock sale, 10b5-1 plan, executive compensation, beneficial ownership