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CISCO SYSTEMS, INC.·4

May 19, 5:06 PM ET

Patterson Mark 4

Research Summary

AI-generated summary

Updated

Cisco (CSCO) CFO Mark Patterson Sells 5,512 Shares

What Happened

  • Mark Patterson, Executive Vice President and Chief Financial Officer of Cisco Systems (CSCO), sold a total of 5,512 shares on May 15, 2026 in multiple open-market transactions. The sales ranged from about $114.85 to $118.45 per share with reported proceeds of approximately $646,484. Some of the sales were effected pursuant to a Rule 10b5-1 trading plan. These are outright sales (not purchases or option exercises).

Key Details

  • Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (filed within the normal two-business-day window for Form 4s).
  • Individual reported sales:
    • 300 shares at a weighted avg ~$115.08 (prices ranged $114.85–$115.38) — $34,525
    • 1,495 shares at a weighted avg ~$116.65 (prices ranged $115.94–$116.93) — $174,397
    • 2,005 shares at a weighted avg ~$117.34 (prices ranged $116.94–$117.89) — $235,268
    • 1,712 shares at a weighted avg ~$118.16 (prices ranged $117.97–$118.45) — $202,294
  • Total sold: 5,512 shares for about $646,484.
  • Shares owned after the transactions: not specified in the provided filing summary.
  • Notable footnotes:
    • One or more sales were made under a Rule 10b5-1 plan adopted Dec 19, 2025 (pre-arranged trading plan).
    • Several entries report weighted-average prices and price ranges; the filer will provide a full breakdown of per-trade prices on request.
    • A footnote notes 1,445.896 dividend equivalents on unvested RSUs were included in the reported amounts (economic equivalents of shares).

Context

  • A Rule 10b5-1 plan lets insiders sell according to a pre-set schedule and is commonly used to avoid questions about timing; it does not necessarily signal a change in insider sentiment.
  • These were open-market sales (routine disposition of shares), which are less informative than purchases about an insider’s confidence in the company.
  • For more detail (exact per-trade prices, holdings after the trades, or to view the Form 4), review the filed report (Accession: 0000858877-26-000084) or request the issuer/SEC staff for the full price breakdown.