Patel Jeetendra I 4

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.