share_log

Cisco | 4: Statement of changes in beneficial ownership of securities-Director GARRETT MARK

SEC ·  Dec 12, 2024 08:10

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.
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.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.