Summary by Futu AI
Cisco Systems, Inc. officer Thimaya Subaiya plans to sell 3,042 shares of common stock on 12/12/2024, with an estimated market value of $178,230.78. The shares were acquired on 12/10/2024 as Restricted Stock Units from the issuer.This transaction follows a previous sale by Subaiya on 11/20/2024, where 21,230 shares were sold for gross proceeds of $1,211,541.93. The current sale is part of a plan adopted on 03/15/2024.The upcoming sale represents a smaller transaction compared to the recent past, potentially indicating a planned, gradual reduction in the officer's stock holdings. Investors should note this insider activity as part of their overall assessment of Cisco's stock performance and corporate governance.