Cisco Systems EVP Sells Stock Under Pre-Arranged Trading Plan

Cisco Systems EVP Deborah Stahlkopf has sold 6,487 shares of Cisco stock. The sale was executed on August 14th under a pre-arranged Rule 10b5-1 trading plan. The shares were sold at an average price of $111.53 for a total value of $723,495.11.

This transaction represents a 3.74% decrease in Stahlkopf's ownership of the stock. Following the sale, she directly owned 167,116 shares of Cisco Systems' stock, valued at approximately $18,638,447.48.

The sale of these shares comes as Cisco has reported record quarterly revenue and a 17.6% increase in revenue compared to last year's same period.