Form 4: Cisco EVP Thimaya K. Subaiya Executes Stock Sale Under 10b5-1 Plan

Thimaya K. Subaiya, EVP of Operations at Cisco Systems, sold 8,973 shares of common stock at an average price of $64.5222 per share under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 20, 2025, Thimaya K. Subaiya, the EVP of Operations at Cisco Systems, sold 8,973 shares of Cisco common stock.
• The sale was executed at a weighted average price of $64.5222 per share, with individual sales prices ranging from $64.28 to $65.00.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 15, 2024.
• Following the transaction, Subaiya directly owns 194,644 shares of Cisco common stock, which includes 1,458 dividend equivalents accrued on unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive stock sale under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment, as it's a routine transaction.

Industry Context

Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan indicates the executive is selling shares according to a pre-arranged plan to avoid accusations of insider trading. It is common for executives at large tech companies like Cisco to have compensation packages that include stock options and restricted stock units, which they may periodically sell for diversification or personal financial planning.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, including Cisco's peers such as Apple (AAPL), Microsoft (MSFT), and Amazon (AMZN).
• These companies' executives often utilize 10b5-1 plans to manage their stock sales, ensuring compliance with insider trading regulations.
• The size and frequency of these sales can vary depending on the individual's holdings, compensation structure, and personal financial goals.
• For example, filings from other tech companies show similar patterns of executives selling shares under pre-arranged plans, with the amounts and prices varying based on market conditions and individual circumstances.

Stakeholder Impact

• The stock sale by an executive could have a minor, short-term impact on shareholder sentiment, but is unlikely to have a significant long-term effect given the pre-planned nature of the sale.
• Employees are unlikely to be directly impacted by this transaction.
• Customers, suppliers, and creditors are not expected to be affected by this executive stock sale.

Key Dates

Keywords

Cisco, CSCO, Form 4, Subaiya, Stock Sale, 10b5-1 Plan, Executive, Operations, Beneficial Ownership