Patel Jeetendra I 4

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.