Form 4: Cisco Executive Sells Shares to Cover Tax Obligations

A Cisco executive, Thimaya K. Subaiya, sold 5,384 shares of common stock to cover tax liabilities related to a restricted stock unit.

Summary

• Thimaya K. Subaiya, an Executive Vice President at Cisco Systems, Inc., sold 5,384 shares of Cisco common stock on June 10, 2024.
• The sale was executed at a price of $45.84 per share.
• This transaction was to cover tax obligations arising from the partial settlement of a restricted stock unit award.
• Following the transaction, Subaiya directly owns 164,683 shares of Cisco common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to tax obligations or personal financial planning. This transaction is not unusual for a company like Cisco.

Comparison to Industry Standards

• Executive stock sales are a normal part of compensation and financial planning across the technology industry.
• Many executives at comparable companies such as Microsoft, Apple, and Intel regularly sell shares for similar reasons.
• The volume of shares sold is relatively small compared to the total outstanding shares of Cisco, suggesting it is not a significant market event.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors due to the small volume of shares sold.

Key Dates

Keywords

Cisco, Executive Share Sale, Form 4, Stock Transaction, Restricted Stock Unit, Tax Liability, Insider Trading