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

Cisco Systems EVP Oliver Tuszik sold 2,761 shares of common stock for $114.61 per share, totaling $316,640.81, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Oliver Tuszik, Executive Vice President of Global Sales at Cisco Systems, Inc., reported a transaction involving the sale of common stock.
• The transaction occurred on May 15, 2026, and involved the disposal of 2,761 shares.
• The sale was executed at a price of $114.61 per share, resulting in a total transaction value of $316,640.81.
• This transaction was conducted under a Rule 10b5-1 trading plan, adopted by the reporting person on December 17, 2025.
• Following the transaction, Tuszik beneficially owns 180,876.824 shares of Cisco common stock.
• The reported ownership includes 1,651.05 dividend equivalents accrued on unvested restricted stock units, which are economically equivalent to shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a standard insider transaction executed under a pre-established plan, which is typical for executive compensation and personal financial management.

Negatives

• Executive officer sold a portion of their holdings in the company.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which solely reports a past transaction.

Industry Context

StockSavvy.ai notes that insider sales, particularly those executed under Rule 10b5-1 plans, are common for executives managing their personal finances and diversifying holdings. The price of $114.61 per share reflects the market valuation of Cisco Systems at the time of the transaction.

Stakeholder Impact

• Shareholders: The sale by a key executive may be perceived negatively by some investors, although the execution under a 10b5-1 plan mitigates concerns about insider trading based on material non-public information. The sale does not inherently signal a lack of confidence in the company's future prospects, as it is part of a pre-planned strategy.

Key Dates

Keywords

Cisco Systems, CSCO, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Executive Sales, Beneficial Ownership