Form 4: Cisco EVP Subaiya Reports Stock Transactions

Cisco Systems EVP of Operations, Thimaya K. Subaiya, reported the disposition of common stock shares for tax obligations and a planned sale.

Summary

• Thimaya K. Subaiya, EVP of Operations at Cisco Systems, Inc. (CSCO), reported two transactions involving common stock.
• On December 10, 2025, 1,715.964 shares were disposed of at a price of $79.51 per share to cover tax liabilities arising from the partial settlement of restricted stock unit awards.
• Following this transaction, Subaiya beneficially owned 178,063.64 shares, which includes 2,752.958 dividend equivalents accrued on unvested restricted stock units.
• On December 12, 2025, an additional 1,745 shares were sold at $79.46 per share.
• This sale was executed under a Rule 10b5-1 plan adopted by Subaiya on March 18, 2025.
• After both transactions, Subaiya's direct beneficial ownership stands at 176,318.64 shares of Cisco common stock.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider transactions, including tax-related dispositions and a pre-planned sale, which are neutral in sentiment.

Stakeholder Impact

• Shareholders are informed of an executive's routine stock transactions, which include tax-related dispositions and a pre-planned sale, providing transparency on insider holdings.

Key Dates

Recommendation

The filing details routine insider stock transactions, specifically shares withheld for tax purposes and a sale executed under a pre-arranged Rule 10b5-1 plan. These are standard disclosures and do not indicate any material change in the company's fundamentals or the executive's confidence that would warrant a change in investment recommendation. The transactions are expected and do not provide new information to alter an existing investment thesis.

Keywords

Cisco Systems, CSCO, Form 4, Insider Trading, Stock Transaction, Thimaya K. Subaiya, Restricted Stock Units, Rule 10b5-1 Plan, Executive Compensation