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

Cisco's EVP and Chief Legal Officer, Deborah L. Stahlkopf, sold 7,981 shares of common stock for approximately $79.50 per share under a pre-arranged 10b5-1 plan.

Summary

• Deborah L. Stahlkopf, Cisco Systems, Inc.'s Executive Vice President and Chief Legal Officer, reported a sale of common stock.
• The transaction involved the disposition of 7,981 shares of Cisco common stock.
• The shares were sold on March 17, 2026, at a weighted average price of $79.503 per share.
• The sales occurred in multiple transactions with prices ranging from $79.02 to $80.01 per share.
• This transaction was executed pursuant to a Rule 10b5-1 plan, which was adopted by Ms. Stahlkopf on December 16, 2025.
• Following this transaction, Ms. Stahlkopf beneficially owns 187,096.969 shares of Cisco common stock.
• The beneficial ownership includes 2,170.952 dividend equivalents accrued on vested deferred restricted stock units, 714.019 dividend equivalents on unvested deferred restricted stock units, and 3,295.315 dividend equivalents on unvested restricted stock units, each equivalent to one share of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale was pre-planned under a 10b5-1 plan, indicating a routine liquidity event rather than a reaction to new company-specific information.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding Cisco Systems, Inc.'s future performance or outlook.

Industry Context

StockSavvy.ai notes that insider sales executed under a Rule 10b5-1 plan are common and typically represent pre-scheduled liquidity events for executives, rather than a direct signal about the company's immediate future prospects. Such plans allow insiders to sell shares at predetermined times or prices to avoid accusations of trading on material non-public information.

Key Dates

Recommendation

This routine insider sale, conducted under a pre-arranged 10b5-1 plan, does not provide new material information that would warrant a change in investment recommendation for Cisco Systems, Inc. Investors should continue to evaluate the company based on its fundamental performance, market position, and broader industry trends.

Keywords

Cisco Systems, CSCO, Insider Sale, Form 4, 10b5-1 Plan, Executive Stock Sale, Deborah L. Stahlkopf, Common Stock