Summary by Futu AI
Cisco Systems, Inc. officer Maria Victoria Wong plans to sell 586 shares of common stock on 12/12/2024, with an aggregate market value of $34,392. The shares were acquired on 12/10/2024 through a Restricted Stock Lapse as part of equity compensation from Cisco.This transaction is part of a pre-established trading plan adopted on 02/22/2024. Over the past three months, Wong has sold a total of 5,519 shares, generating gross proceeds of $322,861. Previous sales include 638 shares on 09/12/2024 for $31,319 and 4,881 shares on 11/27/2024 for $291,542.The consistent pattern of stock sales by the officer may be part of a regular equity compensation liquidation strategy. Investors should note that insider transactions can provide insights into management's perspective on the company's valuation, though they are not necessarily indicative of future stock performance.