Cisco Executives Sell Millions in Stock Under 10b5-1 Plan

On February 13, Charles Robbins, Chairman of the Board and CEO of Cisco Systems, Inc. (NASDAQ: CSCO), sold shares of the company’s common stock in the open market under a pre-established Rule 10b5-1 trading plan, realizing approximately $1.46 million (about KRW 2 billion). He still holds roughly 670,000 shares, including dividend-equivalent units, maintaining a significant stake. On the same day, other key executives—among them the Chief Product Officer—sold about 11,000 shares under similar plans, raising approximately $850,000 (around KRW 1.2 billion). On February 19, the Executive Vice President of Operations sold roughly 10,000 shares, disposing of about $800,000 (approximately KRW 1.1 billion). All of these transactions were disclosed as open-market discretionary sales (Form 4, code “D”) under Rule 10b5-1 plans, and the executives continue to own hundreds of thousands of Cisco shares.

Recently, Cisco announced plans to participate in several financial-community events in March. At the Morgan Stanley Conference and other forums, the company reported double-digit order growth in AI infrastructure and campus networking, underscoring its ongoing engagement with investors. (investor.cisco.com)

Cisco, listed on NASDAQ, is a global leader in networking, security, and AI infrastructure, supplying routers, switches, communications equipment, and cybersecurity solutions to enterprises and service providers worldwide. (en.wikipedia.org)