Robbins Charles 4

What Happened Charles Robbins, Chair and CEO of Cisco Systems (CSCO), sold a total of 19,545 shares in multiple open-market transactions on February 13, 2026, for aggregate proceeds of approximately $1,485,396. The sales broke down as: 4,800 shares at $74.12 ($355,762); 1,300 shares at $74.85 ($97,310); 2,100 shares at $76.03 ($159,662); and 11,345 shares at $76.92 ($872,662). These were outright sales (S), which are typically routine disposition activity rather than a direct bullish signal.

Key Details

• Transaction date: February 13, 2026 (filed on Feb 17, 2026 — within the Form 4 filing window).
• Per-lot details and totals: 4,800 @ $74.12 ($355,762); 1,300 @ $74.85 ($97,310); 2,100 @ $76.03 ($159,662); 11,345 @ $76.92 ($872,662); total ≈ $1.49M.
• Price ranges / weighted averages: filing notes sales occurred in multiple trades with price ranges roughly $73.49–$77.22 across the lots (weighted averages reported per lot).
• Notable footnotes: the filing indicates some sales were effected pursuant to a Rule 10b5-1 trading plan (adopted Mar 6, 2025). The filing also references dividend equivalents included in reported holdings counts.
• Shares owned after the transaction: not specified in the excerpt provided.

Context

• These were open-market sales (code S). A 10b5-1 plan mention means at least some trades were pre-arranged, which is routine for executives to avoid timing questions. Sales reduce insider holdings but do not, by themselves, prove a change in the CEO’s view of the company.
• For retail investors: purchases are generally more informative about insider confidence; routine sales (especially under 10b5-1 plans) are common for diversification or liquidity needs.