CSCO Form 4: EVP/CFO Mark Patterson Disposes 7,230 Shares
Rhea-AI Filing Summary
Mark Patterson, Executive Vice President and Chief Financial Officer of Cisco Systems, Inc. (CSCO), reported a sale of 7,230 shares of Cisco common stock on 08/19/2025. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted on 12/11/2024. The filing reports a weighted average sales price of $66.984 per share, with individual trade prices ranging from $66.54 to $67.47. After the reported sale, the filing shows the reporting person beneficially owned 157,868.086 shares. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- Transaction executed under a Rule 10b5-1 plan, indicating pre-planned trading consistent with insider trading defenses
- Filing discloses weighted average price and price range ($66.984 weighted average; $66.54 to $67.47 range), enhancing transparency
- Post-transaction beneficial ownership reported (157,868.086 shares), allowing clear view of holdings after the sale
Negative
- Insider sale of 7,230 shares by the CFO was reported, which represents a reduction in the reporting person's holdings
Insights
TL;DR: CFO sold 7,230 shares under a pre-established 10b5-1 plan; transaction disclosed with price range and remaining beneficial ownership.
The sale was executed under a Rule 10b5-1 plan, which indicates the trades were pre-planned and intended to provide the reporting person an affirmative defense under insider trading rules. The filing discloses a weighted average price and the price range, which improves transparency. The remaining beneficial ownership of 157,868.086 shares is explicitly stated, allowing investors to see the post-transaction position. No options or derivative transactions are reported in this Form 4.
TL;DR: Routine insider disposition consistent with a documented 10b5-1 plan; disclosure appears complete for the reported transactions.
The Form 4 identifies the reporting person as an officer (EVP and CFO) and confirms the use of a 10b5-1 plan adopted on 12/11/2024, which is relevant to governance and compliance considerations. The reporter provides a weighted average sale price and a commitment to supply per-trade details on request, which aligns with best practices for transparency. The signature by an attorney-in-fact is noted and permitted by the form.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,230 | $66.984 | $484K |
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 11, 2024. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $66.54 to $67.47. 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.