Cisco (CSCO) President Jeetendra Patel Sells Shares

What Happened
Jeetendra I. Patel, President and Chief People Officer of Cisco Systems (CSCO), reported sales of 7,170 shares in open-market transactions on August 14, 2026 for aggregate proceeds of approximately $799,928. The sales were reported as disposals (code S) and were effected pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 17, 2026 (within typical Form 4 timing).
• Individual trades reported:
  • 1,300 shares @ $110.64 = $143,834
  • 4,870 shares @ $111.58 = $543,391
  • 900 shares @ $112.61 = $101,352
  • 100 shares @ $113.51 = $11,351
  • Total: 7,170 shares; total proceeds ≈ $799,928.
• Footnotes of note:
  • F1: Sales effected under a Rule 10b5-1 plan adopted Dec 19, 2025.
  • F2, F4, F5: Reported prices are weighted averages; actual sales occurred across price ranges (F2: $110.14–$111.06; F4: $111.14–$111.93; F5: $112.18–$113.09). Reporting person can provide per-trade breakdown on request.
  • F3: Includes 2,233.572 dividend equivalents accrued on unvested restricted stock units (each dividend equivalent is economically equivalent to one share).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.

Context
Sales under a 10b5-1 plan are pre-arranged and typically viewed as routine disposition rather than a discretionary trade; they don’t necessarily indicate a change in the insider’s view of the company. For retail investors, purchases or large unscheduled sales may carry more informational weight; this filing documents planned, open-market sales totaling roughly $0.8M.