Form 4: Cisco Systems Executive Jeetendra I. Patel Reports Stock Sale
SEC Form 4 Filing
President and CPO of Cisco Systems, Jeetendra I. Patel, reports the sale of 9,961 shares of common stock at $63.97 per share.
Summary
- On May 16, 2025, Jeetendra I. Patel, President and CPO of Cisco Systems, sold 9,961 shares of Cisco common stock.
- The sale was executed at a price of $63.97 per share.
- Following the transaction, Patel directly owns 257,162 shares of Cisco common stock.
- Patel also indirectly owns 200 shares through a trust.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 20, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale by an executive under a pre-arranged trading plan.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the executive's view of the company's prospects.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/20/2025 | Date of adoption of Rule 10b5-1 trading plan |
| 05/16/2025 | Date of stock sale transaction |
| 05/20/2025 | Date of signature on the Form 4 filing |
Keywords
Cisco Systems, Jeetendra I. Patel, stock sale, Form 4, CSCO, Rule 10b5-1, executive compensation, insider trading
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