Cisco (CSCO) CFO Mark Patterson Sells Shares

What Happened
Mark Patterson, Executive Vice President and Chief Financial Officer of Cisco Systems, sold a total of 5,192 shares in open-market transactions on August 14, 2026. The disposals were reported as: 904 shares at $110.60 (≈ $99,983), 3,788 shares at $111.60 (≈ $422,737), and 500 shares at $112.52 (≈ $56,259), for aggregate proceeds of about $578,979. These are sales (dispositions), not purchases or option exercises.

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 17, 2026 (filing appears timely).
• Shares sold: 5,192 total; total proceeds ≈ $579,000. Individual lots: 904 @ $110.60; 3,788 @ $111.60; 500 @ $112.52.
• Footnotes: one or more sales were effected pursuant to a Rule 10b5-1 trading plan adopted Dec 19, 2025. Several entries report weighted-average prices and note the shares were sold in multiple transactions across price ranges (see filing for per-price breakdown). The filing also notes 1,786.851 dividend equivalents on unvested RSUs are included in reported amounts.
• Shares owned after the transactions: not disclosed in the provided excerpt.

Context
Sales by executives can be routine (e.g., pre-arranged 10b5-1 plans, tax or diversification needs) and generally carry less informational weight than purchases. The presence of a 10b5-1 plan in this filing indicates at least some of these sales were pre-scheduled. For full detail (exact per-trade prices, holdings after the trades, and which lots are covered by the 10b5-1 plan), consult the filed Form 4 on the SEC EDGAR site.