Form 4: Cisco SVP & Chief Accounting Officer, Maria Victoria Wong, Executes Stock Sale Under 10b5-1 Plan

Maria Victoria Wong, SVP & Chief Accounting Officer at Cisco Systems, Inc., sold 4,881 shares of common stock at $59.73 per share on November 27, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Maria Victoria Wong, a Senior Vice President and Chief Accounting Officer at Cisco Systems, Inc., sold 4,881 shares of Cisco common stock on November 27, 2024.
• The sale was executed at a price of $59.73 per share.
• This transaction was conducted under a pre-established Rule 10b5-1 trading plan adopted by Ms. Wong on February 22, 2024.
• Following the transaction, Ms. Wong beneficially owns 51,931 shares of Cisco common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider stock sale under a pre-arranged plan, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine disclosure of an insider stock sale, which is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any material non-public information.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, particularly under pre-arranged 10b5-1 plans.
• The volume of shares sold by Ms. Wong is relatively small compared to the total outstanding shares of Cisco, and is not unusual for an executive at her level.
• Other technology companies such as Apple, Microsoft, and Google also see similar filings from their executives on a regular basis.

Stakeholder Impact

• The stock sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors due to the relatively small volume of shares sold and the pre-planned nature of the transaction.

Key Dates

Keywords

insider trading, stock sale, Rule 10b5-1, Cisco, CSCO, Maria Victoria Wong, executive transaction