Form 4: Cisco Executive Sells 8,270 Shares Under 10b5-1 Trading Plan

Cisco Systems EVP, Thimaya K. Subaiya, sold 8,270 shares of common stock at an average price of $50.3323 per share, under a pre-arranged 10b5-1 trading plan.

Summary

• Thimaya K. Subaiya, an Executive Vice President at Cisco Systems, sold 8,270 shares of Cisco common stock.
• The sale occurred on August 21, 2024.
• The shares were sold at a weighted average price of $50.3323 per share.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 15, 2024.
• The sale was part of multiple transactions with prices ranging from $50.08 to $50.54 per share.
• Following the transaction, Subaiya directly owns 135,544 shares of Cisco common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing for an executive stock sale under a pre-arranged plan. It doesn't indicate any positive or negative sentiment, it is a neutral event.

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 accusations of insider trading. This sale is not unusual for a company like Cisco.

Comparison to Industry Standards

• Executive stock sales are a normal part of compensation and portfolio management for executives at large technology companies like Cisco.
• Many executives at companies like Microsoft, Apple, and Oracle use 10b5-1 plans to manage their stock sales.
• The volume of shares sold is not unusual for an executive at this level.

Stakeholder Impact

• The sale may have a minor impact on the stock price, but is unlikely to be significant given the pre-arranged nature of the transaction.

Key Dates

Keywords

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