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

Cisco Systems EVP of Operations, Thimaya K. Subaiya, sold over 56,000 shares of common stock on November 19, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Thimaya K. Subaiya, Executive Vice President of Operations at Cisco Systems, Inc. (CSCO), reported the sale of common stock.
• The transactions occurred on November 19, 2025.
• A total of 56,038 shares of common stock were disposed of in two separate transactions.
• The first transaction involved 16,062 shares sold at a weighted average price of $77.9026 per share, with prices ranging from $77.25 to $78.24.
• The second transaction involved 39,976 shares sold at a weighted average price of $78.4969 per share, with prices ranging from $78.25 to $78.89.
• These sales were executed pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 18, 2025.
• Following these transactions, Thimaya K. Subaiya beneficially owns 179,779.604 shares of Cisco common stock.
• The beneficial ownership includes 2,752.958 dividend equivalents accrued on unvested restricted stock units, each equivalent to one share of Cisco common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock sale executed under a pre-arranged Rule 10b5-1 plan, which is a neutral event for company sentiment as it typically reflects personal financial planning rather than a change in company outlook.

Negatives

• The sale of 56,038 shares by a key executive could be perceived as a minor negative, though mitigated by the pre-arranged 10b5-1 plan.

Industry Context

This filing reports a routine insider transaction for a major technology company. Such sales are common for executives for personal financial planning, diversification, or liquidity, especially when conducted under a Rule 10b5-1 plan, which pre-schedules trades to avoid accusations of trading on material non-public information.

Stakeholder Impact

• Shareholders may note the executive's sale, but the pre-arranged nature of the 10b5-1 plan generally mitigates concerns about the executive's confidence in the company's future performance.

Key Dates

Recommendation

The reported insider sale by an executive is a routine transaction executed under a pre-arranged Rule 10b5-1 plan, indicating personal financial planning rather than a change in company fundamentals or outlook. This event alone does not provide sufficient new information to alter an investment thesis for Cisco, hence a 'hold' recommendation is maintained.

Keywords

Cisco, CSCO, Form 4, Insider Trading, Stock Sale, Executive Compensation, 10b5-1 Plan, Thimaya K. Subaiya