Cisco (NASDAQ: CSCO) CFO sells 5,192 shares in planned trades
Rhea-AI Filing Summary
CISCO SYSTEMS, INC. EVP and CFO Mark Patterson reported three open-market sales of Cisco common stock on August 14, 2026, totaling 5,192 shares. All sales were effected pursuant to a Rule 10b5-1 plan adopted on December 19, 2025. The transactions occurred at weighted average prices between $110.6009 and $112.5180, across trade ranges from $110.09 to $112.84. A footnote also states that current holdings include 1,786.851 dividend equivalents accrued on unvested restricted stock units, each economically equivalent to one Cisco share.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 5,192 shares
Net Sell
3 txns
Insider
Patterson Mark
Role
EVP and CFO
Sold
5,192 shs ($579K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 904 | $110.6009 | $100K |
| Sale | Common Stock F1, F4 | 3,788 | $111.599 | $423K |
| Sale | Common Stock F1, F5 | 500 | $112.518 | $56K |
Holdings After Transaction:
Common Stock — 169,126.571 shares (Direct)
Footnotes (5)
- F1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 19, 2025.
- F2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $110.09 to $111.03. 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 1,786.851 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 $111.14 to $112.11. 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.
- F5. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $112.26 to $112.84. 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
Shares sold (total): 5,192 shares
First transaction shares: 904 shares
Second transaction shares: 3,788 shares
+5 more
8 metrics
Shares sold (total)
5,192 shares
Aggregate non-derivative common stock sales reported for August 14, 2026
First transaction shares
904 shares
Common stock sale on August 14, 2026 at weighted average price $110.6009
Second transaction shares
3,788 shares
Common stock sale on August 14, 2026 at weighted average price $111.5990
Third transaction shares
500 shares
Common stock sale on August 14, 2026 at weighted average price $112.5180
Price range first sale
$110.09–$111.03
Range of prices for trades included in the 904-share weighted average sale
Price range second sale
$111.14–$112.11
Range of prices for trades included in the 3,788-share weighted average sale
Price range third sale
$112.26–$112.84
Range of prices for trades included in the 500-share weighted average sale
Dividend equivalents on RSUs
1,786.851
Dividend equivalents accrued on unvested restricted stock units, each equal to one Cisco share
Key Terms
Rule 10b5-1 plan, dividend equivalents, weighted average sales price per share
3 terms
Rule 10b5-1 plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 plan adopted"
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 1,786.851 dividend equivalents accrued on unvested restricted"
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.
FAQ
What insider transaction did CSCO EVP and CFO Mark Patterson report on August 14, 2026?
Mark Patterson reported selling 5,192 shares of Cisco common stock on August 14, 2026. These were three open-market transactions under a pre-established Rule 10b5-1 plan, each reported with weighted average sale prices and price ranges.
Was Mark Patterson’s August 14, 2026 sale of CSCO stock under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were effected under a Rule 10b5-1 plan adopted on December 19, 2025. This indicates the trades followed a pre-arranged trading plan rather than discretionary, same-day trading decisions.
What does the filing say about dividend equivalents on Mark Patterson’s CSCO RSUs?
The filing notes that his holdings include 1,786.851 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is described as the economic equivalent of one share of Cisco common stock, linked to those unvested RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.