Director Capellas sells 27,000 CSCO shares (27.0K) across 2 sales for $2,084,854.98 ($2.1M); retains 146,368 shares (146.4K)
Michael D. Capellas, a Cisco director, executed 2 separate sales totaling 27,000 shares for $2,084,854.98 at a blended average price of $77.22, reducing his holdings by 15.6% from 173,368 to 146,368 shares. The transactions occurred on consecutive days (2025-12-18 and 2025-12-19) at prices slightly below the current market price of $78.42 and near the middle of Cisco's 52-week range of $53.19–$80.25. His cross-ticker track record shows a prior sell with a 100.00% well-timed rate (stock fell after), though he has only 1 prior sell on record, limiting predictive power; his 90-day average return across prior sells was -3.5%, indicating historical sales have not preceded major declines. The substantial dollar amount ($2.1M) and multi-transaction structure suggest a deliberate execution, though at Cisco's current valuation (P/E of 30.05) and against recent positive price momentum (90-day gain of +15.0%), the timing does not coincide with obvious distress signals in fundamentals or stock price.