Patel Jeetendra I 4
4 · CISCO SYSTEMS, INC. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Cisco (CSCO) President Jeetendra Patel Sells Shares
What Happened
- Jeetendra I. Patel, President and Chief Product Officer of Cisco Systems (CSCO), reported open‑market sales of 11,248 shares on February 13, 2026, totaling about $854,853. The sales were reported as dispositions (code S) and were effected pursuant to a Rule 10b5‑1 trading plan.
- Trade breakdown (all on 2026-02-13):
- 2,700 shares @ $74.12 = $200,132
- 900 shares @ $74.89 = $67,400
- 1,100 shares @ $76.05 = $83,650
- 6,548 shares @ $76.92 = $503,671
Key Details
- Transaction date: February 13, 2026 (reported on Form 4 filed Feb 17, 2026).
- Price range across the reported lots: $73.51 to $77.22 (several lots reported as weighted averages across sub‑trades).
- Total shares sold: 11,248; total proceeds: approx. $854,853.
- Shares owned after transaction: not disclosed in the excerpt provided.
- Notable footnotes: sales were effected under a 10b5‑1 plan adopted March 20, 2025; some reported amounts are weighted‑average prices across multiple trade prices and one lot included 1,277.300 dividend equivalents on unvested RSUs.
- Filing timeliness: no late filing flag indicated in the provided data.
Context
- These were pre‑planned open‑market sales under a 10b5‑1 plan, which typically indicates the trades were automated according to a previously established schedule rather than ad‑hoc insider decisions. Sales do not necessarily signal a change in outlook; purchases generally carry more weight as indicators of insider confidence.
Insider Transaction Report
Form 4
Patel Jeetendra I
President and CPO
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-02-13$74.12/sh−2,700$200,132→ 271,323.718 total - Sale
Common Stock
[F1][F4]2026-02-13$74.89/sh−900$67,400→ 270,423.718 total - Sale
Common Stock
[F1][F5]2026-02-13$76.05/sh−1,100$83,650→ 269,323.718 total - Sale
Common Stock
[F1][F6]2026-02-13$76.92/sh−6,548$503,671→ 262,775.718 total
Holdings
- 200(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 20, 2025.
- [F2]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $73.51 to $74.49. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F3]Includes 1,277.300 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
- [F4]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $74.55 to $75.51. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F5]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $75.57 to $76.51. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F6]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $76.57 to $77.22. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
Signature
/s/ Jeetendra I. Patel by Jay Higdon, Attorney-in-Fact|2026-02-17