Form 4: Cisco Executive Sells Shares Under 10b5-1 Plan

Cisco's EVP and Chief Legal Officer, Deborah L. Stahlkopf, sold a total of 3,239 shares of common stock on March 13th and 14th, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Deborah L. Stahlkopf, EVP and Chief Legal Officer at Cisco Systems, Inc., sold 3,002 shares of common stock on March 13, 2024, at a weighted average price of $50.0065 per share.
• An additional 237 shares were sold on March 14, 2024, at a price of $50.27 per share.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on December 5, 2023.
• Following these sales, Ms. Stahlkopf beneficially owns 191,322 shares of Cisco common stock.
• The reported holdings include 6,423 dividend equivalents accrued on unvested restricted stock units and 601 dividend equivalents accrued on unvested deferred restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock sales by an executive under a pre-arranged plan. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of trading on inside information.

Comparison to Industry Standards

• The use of 10b5-1 plans is a standard practice among executives at publicly traded companies, including Cisco's competitors such as Juniper Networks (JNPR) and Arista Networks (ANET).
• These plans allow for scheduled sales of stock, mitigating concerns about insider trading.
• The reported sales are relatively small compared to the overall trading volume of Cisco stock and are unlikely to have a significant impact on the market.

Stakeholder Impact

• The stock sales are unlikely to have a significant impact on shareholders due to the relatively small volume and the pre-planned nature of the transactions.
• The sales do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

insider trading, stock sale, 10b5-1 plan, executive, Cisco, CSCO, equity