Patel Jeetendra I 4
4 · CISCO SYSTEMS, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Cisco (CSCO) President Jeetendra Patel Sells 7,169 Shares
What Happened Jeetendra I. Patel, President and Chief Product Officer of Cisco Systems (CSCO), sold a total of 7,169 shares in open-market transactions on May 15, 2026, for aggregate proceeds of approximately $840,780. The sales broke down as: 200 shares at $114.62 ($22,924); 351 shares at $115.89 ($40,677); 3,149 shares at $116.87 ($368,025); and 3,469 shares at $117.95 ($409,154). These were sales (not purchases), which are often routine transactions and do not by themselves indicate insider sentiment about the company.
Key Details
- Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (filed on the normal 2-business-day timetable).
- Total shares sold: 7,169; total proceeds: ~$840,780.
- Reported sale prices ranged across multiple trades from $114.39 to $118.45 (weighted-average prices reported for each tranche).
- At least one sale was effected pursuant to a Rule 10b5-1 trading plan adopted Dec 19, 2025 (pre‑arranged trading plan).
- One tranche included 1,807.376 dividend equivalents credited on unvested restricted stock units (treated as economic equivalents of shares).
- Transaction type/code: S = Sale (open-market).
- Shares owned after the transaction are not specified in the provided summary.
Context
- Sales made under a 10b5-1 plan are pre-scheduled and commonly used to avoid questions about timing; they can reduce the inference that a sale reflects confidential knowledge.
- Multiple weighted-average prices and price ranges reflect that each reported tranche consisted of several trades executed at different prices.
Insider Transaction Report
Form 4
Patel Jeetendra I
President and CPO
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-05-15$114.62/sh−200$22,924→ 253,706.417 total - Sale
Common Stock
[F1][F4]2026-05-15$115.89/sh−351$40,677→ 253,355.417 total - Sale
Common Stock
[F1][F5]2026-05-15$116.87/sh−3,149$368,025→ 250,206.417 total - Sale
Common Stock
[F1][F6]2026-05-15$117.95/sh−3,469$409,154→ 246,737.417 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 December 19, 2025.
- [F2]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $114.39 to $114.85. 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 1,807.376 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 $115.41 to $116.17. 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 $116.46 to $117.25. 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 $117.47 to $118.45. 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|2026-05-19