Form 4: Cisco EVP Thimaya K. Subaiya Sells 13,896 Shares Under 10b5-1 Plan

Cisco's Executive Vice President, Thimaya K. Subaiya, sold 13,896 shares of common stock at $45.32 per share on June 14, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Thimaya K. Subaiya, an Executive Vice President at Cisco Systems, Inc., sold 13,896 shares of Cisco common stock on June 14, 2024.
• The sale was executed at a price of $45.32 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted by Mr. Subaiya on March 15, 2024.
• Following the transaction, Mr. Subaiya directly owns 150,787 shares of Cisco common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, which is neither positive nor negative for the company's outlook.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, although this sale was under a pre-arranged plan.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies, and are often part of pre-arranged trading plans to avoid any appearance of insider trading. This transaction is not unusual for a company like Cisco.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are a common practice across the technology sector, including companies like Microsoft (MSFT), Apple (AAPL), and Intel (INTC).
• These plans allow executives to sell shares at predetermined times and prices, mitigating concerns about insider trading.
• The volume of shares sold by Mr. Subaiya is not unusual for an executive at his level.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, as it was part of a pre-arranged trading plan.
• The transaction does not affect the company's operations or financial health.

Key Dates

Keywords

Cisco, stock sale, insider trading, Form 4, 10b5-1 plan, executive, Thimaya K. Subaiya