Cisco Exec Sells 7,170 Shares Under Pre-Arranged Trading Plan
According to the filing, the four tranches consisted of 1,300 shares sold at a weighted-average price of $110.6415, 4,870 shares sold at a weighted-average price of $111.5793, 900 shares sold at a weighted-average price of $112.6133, and 100 shares sold at a price of $113.5100.
Patel's sales were made under a Rule 10b5-1 plan, which is a pre-arranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information.