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Cisco (CSCO) President Jeetendra Patel sells 7,169 shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Cisco Systems President and CPO Jeetendra I. Patel reported open-market sales of Cisco common stock. On May 15, 2026, he sold a total of 7,169 shares in multiple transactions at prices ranging from $114.62 to about $117.95 per share. After these sales, he directly held 253,706.417 shares and indirectly held 200 shares through a trust. The filing notes that at least one transaction was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on December 19, 2025, indicating the sales were scheduled in advance rather than timed opportunistically.

Positive

  • None.

Negative

  • None.
Insider Patel Jeetendra I
Role President and CPO
Sold 7,169 shs ($841K)
Type Security Shares Price Value
Sale Common Stock 200 $114.62 $23K
Sale Common Stock 351 $115.8901 $41K
Sale Common Stock 3,149 $116.8705 $368K
Sale Common Stock 3,469 $117.9458 $409K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 253,706.417 shares (Direct, null); Common Stock — 200 shares (Indirect, By Trust)
Footnotes (1)
  1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 19, 2025. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $114.39 to $114.85. 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. Includes 1,807.376 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $115.41 to $116.17. 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. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $116.46 to $117.25. 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. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $117.47 to $118.45. 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.
Total shares sold 7,169 shares Open-market sales on May 15, 2026
Sale price 1 $117.9458 per share Common stock sale on May 15, 2026
Sale price 2 $116.8705 per share Common stock sale on May 15, 2026
Sale price 3 $115.8901 per share Common stock sale on May 15, 2026
Sale price 4 $114.6200 per share Common stock sale on May 15, 2026
Direct holdings after 253,706.417 shares Common stock directly owned after transactions
Indirect holdings after 200 shares Common stock held indirectly by trust
Rule 10b5-1 plan adoption date December 19, 2025 Plan governing at least one reported sale
Rule 10b5-1 plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 19, 2025."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
dividend equivalents financial
"Includes 1,807.376 dividend equivalents accrued on unvested restricted stock units."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
restricted stock units financial
"Includes 1,807.376 dividend equivalents accrued on unvested restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average sales price financial
"Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Patel Jeetendra I
(Last)(First)(Middle)
170 WEST TASMAN DRIVE
(Street)
SAN JOSE CALIFORNIA 95134
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CISCO SYSTEMS, INC. [ CSCO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President and CPO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/15/2026S(1)200D$114.62(2)253,706.417(3)D
Common Stock05/15/2026S(1)351D$115.8901(4)253,355.417D
Common Stock05/15/2026S(1)3,149D$116.8705(5)250,206.417D
Common Stock05/15/2026S(1)3,469D$117.9458(6)246,737.417D
Common Stock200IBy Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 19, 2025.
2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $114.39 to $114.85. 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.
3. Includes 1,807.376 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
4. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $115.41 to $116.17. 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.
5. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $116.46 to $117.25. 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.
6. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $117.47 to $118.45. 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.
Remarks:
/s/ Jeetendra I. Patel by Jay Higdon, Attorney-in-Fact05/19/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Cisco (CSCO) report for Jeetendra I. Patel?

Cisco reported that President and CPO Jeetendra I. Patel sold company stock. On May 15, 2026, he executed multiple open-market transactions totaling 7,169 Cisco common shares at prices between $114.62 and about $117.95 per share, according to the Form 4 filing.

How many Cisco (CSCO) shares did Jeetendra I. Patel sell and at what prices?

Jeetendra I. Patel sold 7,169 Cisco common shares in several trades. Reported transaction prices included $114.6200, $115.8901, $116.8705, and $117.9458 per share, reflecting weighted-average sales within disclosed intraday price ranges for each trade block.

How many Cisco (CSCO) shares does Jeetendra I. Patel hold after the reported sales?

After the reported sales, Jeetendra I. Patel directly holds 253,706.417 Cisco common shares. The Form 4 also lists 200 additional Cisco shares held indirectly through a trust, providing a view of both his direct and indirect ownership positions following these transactions.

Were Jeetendra I. Patel’s Cisco (CSCO) stock sales made under a Rule 10b5-1 plan?

Yes. A footnote explains that one of the reported transactions was effected under a Rule 10b5-1 trading plan adopted on December 19, 2025. Such pre-arranged plans automate trades, reducing the significance of short-term market timing by the insider.

Does the Cisco (CSCO) Form 4 include any information on dividend equivalents or RSUs?

Yes. A footnote notes 1,807.376 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is described as economically equivalent to one share of Cisco common stock, highlighting additional equity-linked compensation beyond directly owned common shares.