- The company noted that the sale was executed after a Rule 10b5-1 plan, a rule that lets company insiders pre-schedule stock trades in advance.
- The CFO now owns about 202,541 shares of Cisco Systems after the sale, including about 1,021 dividend equivalents accrued on unvested restricted stock units.
- Earlier on Monday, Cisco announced new security solutions at RSA Conference 2026 to support the rise of AI agents.
Cisco Systems (CSCO) said in a regulatory filing on Monday that its Executive Vice President and CFO Mark Patterson had sold 4,892 shares of the company on March 20.
In a filing with the U.S. Securities and Exchange Commission, the company said that Patterson had sold about 4,892 shares in two separate transactions.
The company also noted that the sale was executed after a Rule 10b5-1 plan, a rule that lets company insiders pre-schedule stock trades in advance, adopted by the CFO on Dec. 19, 2025.
Deal Details
Patterson first sold 2,391 shares at a weighted average price of $77.6777, in a range of $77.02 to $78.01. The second sale involved 2,501 shares at a weighted average price of $78.2576, in a range of $78.03 to $78.86, as per the filing.
The CFO now owns about 202,541 shares of Cisco Systems after the sale, including about 1,021 dividend equivalents accrued on unvested restricted stock units.
AI Agents Security
Earlier on Monday, Cisco announced new security solutions at RSA Conference 2026 to support the rise of AI agents.
The company said it would focus on three pillars: controlling what agents can do, protecting them from attacks, and enabling rapid threat detection. Key launches include AI-aware Zero Trust Access, AI Defense tools for testing and securing agents, and an Agent Runtime SDK.
Cisco also introduced DefenseClaw, an open-source secure agent framework, with plans to integrate it with Nvidia Corp.’s (NVDA) OpenShell.
How Did Stocktwits Users React?
On Stocktwits, retail sentiment around CSCO stock climbed from ‘neutral’ to ‘bullish’ territory over the past 24 hours, while message volumes jumped from ‘normal’ to ‘high’ levels.
Shares of CSCO have gained more than 29% in the past year.
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