Cisco CFO Sells 1,795 Shares Under Rule 10b5-1 Plan
Cisco Systems' CFO Mark Patterson recently made two transactions related to his company stock. On September 11, 2026, he sold 1,795 shares of Cisco common stock at $108.87 per share as part of a prearranged plan under Rule 10b5-1. This plan allows corporate insiders to buy or sell company stock at set times or amounts, reducing the risk of insider-trading accusations.
The sale was reported in a Form 4 filing with the SEC, which also revealed that Patterson withheld 1,553.145 shares on September 10, 2026, to pay tax liability related to a restricted stock unit award. The award had previously been reported by Patterson in an earlier Form 3 filing.
Patterson's holdings include 1,786.851 dividend equivalents accrued on unvested restricted stock units. These dividend equivalents are the economic equivalent of one share of Cisco common stock and are often paid in cash or additional award units when the award becomes payable.