Summary by Futu AI
Cisco Systems, Inc. has announced that Charles Robbins, serving as both a Director and Officer, is set to sell 29,099 shares of common stock on February 16, 2024. The shares are valued at an aggregate market value of $1,427,596.94. Robbins acquired these shares recently, with 1,679 shares obtained as dividend equivalent shares from RSUs and 27,420 shares from Restricted Stock Units, both on February 10, 2024. The securities were acquired directly from the issuer. This transaction follows a significant sale in the past three months, where Robbins sold 231,768 shares for a total gross proceed of $11,114,884.74. The notice for the current sale was filed on the same date as the planned sale, February 16, 2024, with the plan for this transaction having been adopted on March 7, 2023.