Subaiya Thimaya K. 4
4 · CISCO SYSTEMS, INC. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Cisco (CSCO) EVP Subaiya Thimaya K. Sells 10,233 Shares
What Happened
Subaiya Thimaya K., Executive Vice President, Operations at Cisco Systems (CSCO), sold a total of 10,233 shares of Cisco common stock in open-market transactions on February 19, 2026 for aggregate proceeds of approximately $804,268. The filing reports two sales: 8,433 shares reported at $78.50 per share (proceeds $661,987) and 1,800 shares reported at $79.05 per share (proceeds $142,281).
Key Details
- Transaction date: 2026-02-19 (filed on Form 4 on 2026-02-20).
- Sale type: Open-market sales (transaction code S).
- Breakdown: 8,433 shares @ $78.50 (F2: weighted avg; price range $78.01–$79.00) and 1,800 shares @ $79.05 (F4: weighted avg; price range $79.01–$79.12).
- Total proceeds: ~ $804,268.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: F1 — transactions executed under a Rule 10b5-1 plan adopted March 18, 2025; F2/F4 — weighted-average sale prices with reported price ranges and undertakings to provide breakdowns on request; F3 — notes 3,212.419 dividend equivalents accrued on unvested restricted stock units (each DE equals one share economic equivalent).
- Filing timeliness: Reported the day after the trades (Feb 20 for Feb 19 trades), indicating a timely Form 4 filing.
Context
These sales were executed under a pre-established 10b5-1 trading plan, which typically indicates pre-planned, automated sales rather than discretionary trades based on current company views. For retail investors, purchases by insiders tend to carry more forward-looking informational value than routine sales; this filing documents a routine disposition of shares rather than an acquisition or option exercise.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-02-19$78.50/sh−8,433$661,987→ 161,952.583 total - Sale
Common Stock
[F1][F4]2026-02-19$79.05/sh−1,800$142,281→ 160,152.583 total
Footnotes (4)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 18, 2025.
- [F2]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $78.01 to $79.00. 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 3,212.419 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 $79.01 to $79.12. 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.