Jeffery S. Sharritts - Sep 12, 2023 Form 4 Insider Report for CISCO SYSTEMS, INC. (CSCO)

Role
EVP & Chief Cust & Prtnr Offcr
Signature
/s/ Jeffery S. Sharritts by Evan Sloves, Attorney-in-Fact
Stock symbol
CSCO
Transactions as of
Sep 12, 2023
Transactions value $
-$494,465
Form type
4
Date filed
9/14/2023, 04:45 PM
Previous filing
Sep 12, 2023
Next filing
Sep 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSCO Common Stock Sale -$358K -6.34K -2.66% $56.51 232K Sep 12, 2023 Direct F1, F2, F3
transaction CSCO Common Stock Sale -$136K -2.42K -1.04% $56.22 229K Sep 13, 2023 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on June 13, 2023.
F2 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $56.36 to $56.76. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
F3 Includes 4,936 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
F4 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $56.09 to $56.29. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.