Cisco (CSCO) EVP Subaiya sells 7,127 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cisco Systems EVP of Operations K. Thimaya Subaiya sold 7,127 shares of Cisco common stock in open-market transactions. The sales took place on June 16, 2026 at weighted average prices of about $119.69 and $120.51 per share, across price ranges of $119.28–$120.27 and $120.28–$120.75.
The filing notes these trades were executed under a pre-arranged Rule 10b5-1 trading plan adopted by the executive. After the transactions, he continues to hold more than 140,000 shares of Cisco, including dividend equivalents tied to unvested restricted stock units.
Positive
- None.
Negative
- None.
Insights
Routine pre-planned sale by Cisco EVP, modest versus overall stake.
Cisco’s EVP of Operations, K. Thimaya Subaiya, completed open-market sales totaling 7,127 common shares on June 16, 2026. Prices clustered around $120 per share, with detailed price ranges disclosed, which is typical for Rule 10b5-1 program activity.
The trades were executed pursuant to a Rule 10b5-1 plan adopted in advance, indicating they were pre-scheduled rather than timed discretionarily. The executive still holds over 140,000 shares, so the disposition appears small relative to his remaining equity exposure.
Insider Trade Summary 10b5-1
Net Seller: 7,127 shares ($854,599)
Net Sell
2 txns
Insider
Subaiya Thimaya K.
Role
EVP, Operations
Sold
7,127 shs ($855K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,219 | $119.6921 | $625K |
| Sale | Common Stock | 1,908 | $120.5065 | $230K |
Holdings After Transaction:
Common Stock — 142,764.918 shares (Direct, null)
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 17, 2026. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $119.28 to $120.27. 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 3,461.954 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 $120.28 to $120.75. 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.
Key Figures
Total shares sold: 7,127 shares
First block sold: 5,219 shares
Second block sold: 1,908 shares
+4 more
7 metrics
Total shares sold
7,127 shares
Open-market sales on June 16, 2026
First block sold
5,219 shares
Common stock at $119.6921 weighted average price
Second block sold
1,908 shares
Common stock at $120.5065 weighted average price
Price range block 1
$119.28–$120.27
Multiple transactions, weighted average $119.6921
Price range block 2
$120.28–$120.75
Multiple transactions, weighted average $120.5065
Shares following one transaction
140,856.918 shares
Common stock held directly after one sale entry
Dividend equivalents
3,461.954 units
Accrued on unvested restricted stock units
Key Terms
Rule 10b5-1 plan, weighted average sales price, dividend equivalents, restricted stock units, +1 more
5 terms
Rule 10b5-1 plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person"
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.
weighted average sales price financial
"Represents a weighted average sales price per share. These shares were sold in multiple transactions"
dividend equivalents financial
"Includes 3,461.954 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
"dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent"
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" with transaction code "S""
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.
FAQ
What insider transaction did Cisco (CSCO) report for EVP K. Thimaya Subaiya?
Cisco reported that EVP of Operations K. Thimaya Subaiya sold 7,127 shares of common stock in open-market transactions. The trades occurred on June 16, 2026 at weighted average prices around $120 per share, as detailed in the Form 4 filing.
Were the Cisco (CSCO) insider sales made under a Rule 10b5-1 plan?
Yes. A footnote explains the Cisco EVP’s sales were executed under a Rule 10b5-1 trading plan adopted in advance. Such plans pre-schedule trades, reducing the significance of trade timing as an indicator of the insider’s short-term view on the stock.