Cisco CFO Set to Unload Nearly $200K Worth of Shares

Cisco Systems Inc., the technology company behind the popular networking equipment and software solutions, has announced that its Chief Financial Officer (CFO) Mark Patterson plans to sell a significant portion of his shares in the company.

Patterson intends to sell 1,795 shares of Cisco's common stock through Morgan Stanley Smith Barney on September 11, 2026. The total value of these shares is approximately $192,855 at the current market price of $112.13 per share.

This sale represents a significant portion of Patterson's holdings in the company, which currently has around 3.94 billion outstanding shares. Interestingly, this is not the first time Patterson has sold Cisco shares; he previously sold 5,192 shares on August 14, 2026, generating $578,980 in gross proceeds.

The sale of these shares is expected to take place in September 2026, which could have some impact on the company's stock price. However, it's worth noting that the exact timing and details of the sale are subject to change.