Summary by Futu AI
On 12/09/2024, Cisco executive GARRETT MARK acquired 4,156 shares of Common Stock at $0 per share through a grant or award. Two days later, on 12/11/2024, GARRETT MARK disposed of these 4,156 shares as a bona fide gift, reducing direct ownership to 0 shares.Concurrently, the Garrett Living Trust, an indirect ownership entity, received 4,156 shares of Cisco Common Stock on 12/11/2024 as a bona fide gift. This transaction increased the trust's beneficial ownership to 36,928 shares. The gifting of shares from direct to indirect ownership suggests a strategic move in personal asset management.All transactions were reported as in progress, with no monetary value assigned to the gifted shares. This series of transactions demonstrates a shift in the executive's stock ownership structure without changing the overall number of shares beneficially owned.