Summary by Moomoo AI
On December 11, 2024, Sarah Rae Murphy, associated with Cisco, executed a stock transaction involving 4,156 shares of Common Stock. The transaction was reported as a bona fide gift, with no monetary value assigned to the shares.Murphy directly disposed of 4,156 shares, reducing her direct ownership to zero. Simultaneously, she indirectly acquired the same number of shares through the Sarah Rae Murphy Revocable Trust, increasing her indirect beneficial ownership to 15,825 shares. This transfer suggests a restructuring of Murphy's holdings rather than a change in overall ownership.The transaction, completed on the reported date, effectively shifted Murphy's stake from direct to indirect ownership, potentially for estate planning or other personal financial management purposes. No market value was attributed to this transfer due to its nature as a gift.