Form 4: Cisco SVP & Chief Accounting Officer Sells Shares Under 10b5-1 Plan

Maria Victoria Wong, SVP & Chief Accounting Officer at Cisco Systems, sold 3,378 shares of common stock at $45.89 per share on May 29, 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 3,378 shares of Cisco common stock on May 29, 2024.
• The sale was executed at a price of $45.89 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted by Ms. Wong on February 22, 2024.
• Following the transaction, Ms. Wong directly owns 52,953 shares of Cisco common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to manage their stock sales and 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 executives to sell shares in a pre-determined manner, avoiding potential accusations of insider trading.
• The volume of shares sold is relatively small compared to the total outstanding shares of Cisco, and is not unusual for an executive's planned sales.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price given the relatively small volume and the pre-planned nature of the transaction.

Key Dates

Keywords

insider trading, Form 4, 10b5-1 plan, stock sale, Cisco, CSCO, Maria Victoria Wong, executive