'Cisco' EVPs Sell Shares Worth Billions

Timaya Subaiya, Executive Vice President and Chief Operating Officer at Cisco Systems, Inc. (NASDAQ: CSCO), withheld approximately $130,000 worth of shares on March 10 to cover taxes on restricted stock units, and on March 12, under a pre-established Rule 10b5-1 plan, sold a small additional amount. On March 17, Executive Vice President and Chief Legal Officer Deborah Shtalkopf sold about $635,000 worth of shares, and on March 18, Executive Vice President of Global Sales Oliver Tuschick sold roughly $250,000 worth. All three executives still hold several hundred thousand shares each.

On April 7, Cisco released its Industrial AI Report, which analyzes the pace of AI adoption in manufacturing, utilities, and transportation infrastructure. The report underscores the importance of expanding direct AI applications on the factory floor and the need for corresponding investments in security and networking.

Cisco is a Nasdaq-listed global network and security solutions provider, delivering routers, switches, security, and collaboration software to telecommunications carriers, enterprises, and government agencies worldwide. With its recent acquisition of Splunk, the company has expanded into security analytics, observability, and agentic AI operations platforms, reinforcing its position as a leading infrastructure provider in the AI era.