Cisco Executive VP Sells $650,000 Worth of Stock Under Rule 10b5-1 Plan
Cisco Systems (NASDAQ:CSCO) EVP Thimaya Subaiya sold a significant portion of their company stock last week, offloading 5,832 shares on August 19th at an average price of $111.47.
The total value of the sale was approximately $650,093.04, representing a 4.35% decrease in their ownership stake in the company.
This transaction was executed under Cisco's pre-arranged Rule 10b5-1 trading plan.