Cisco Systems (NASDAQ: CSCO) EVP reports tax withholding of 2,259 shares

Rhea-AI Filing Summary

Cisco Systems EVP Global Sales Oliver Tuszik reported a tax-withholding disposition of 2,259.076 shares of common stock on July 10, 2026 at $118.31 per share, covering taxes from partial settlement of a restricted stock unit award. After this, he holds 170,876.468 shares directly, including 1,417.436 dividend equivalents on unvested RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Tuszik Oliver

Role EVP, Global Sales

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	2,259.076	$118.31	$267K

Holdings After Transaction: Common Stock — 170,876.468 shares (Direct)

Footnotes (1)

1. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of a restricted stock unit award originally reported by the reporting person in a Form 3 filed with the Commission on May 6, 2025. Includes 1,417.436 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Key Figures

Shares Withheld for Taxes: 2,259.076 shares Withholding Price per Share: $118.31 Shares Held After Transaction: 170,876.468 shares +1 more

4 metrics

Shares Withheld for Taxes 2,259.076 shares Tax-withholding disposition on July 10, 2026 from partial RSU settlement

Withholding Price per Share $118.31 Value per Cisco common share used for the tax-withholding disposition

Shares Held After Transaction 170,876.468 shares Direct Cisco holdings reported following the tax-withholding event

Dividend Equivalents on Unvested RSUs 1,417.436 Dividend equivalents treated as the economic equivalent of Cisco shares

Key Terms

restricted stock unit, dividend equivalents, tax-withholding disposition

3 terms

restricted stock unit financial

"partial settlement of a restricted stock unit award originally reported"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

dividend equivalents financial

"Includes 1,417.436 dividend equivalents accrued on unvested restricted stock units"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition of Cisco common stock"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/13/2026 - 06:29 PM Accepted by SEC EDGAR 07/13/2026 - 06:29 PM Learn about SEC filing dates

FAQ

What insider transaction did Cisco (CSCO) executive Oliver Tuszik report?

Cisco EVP Global Sales Oliver Tuszik reported a tax-withholding disposition of Cisco common stock, not an open-market sale. The shares were withheld to satisfy tax obligations arising from the partial settlement of a previously granted restricted stock unit (RSU) award.

How many Cisco (CSCO) shares were withheld and at what price?

The report shows 2,259.076 shares of Cisco common stock were withheld at $118.31 per share. These shares were used to pay tax liabilities associated with the partial settlement of an RSU award, rather than being sold on the open market.

How many Cisco (CSCO) shares does Oliver Tuszik hold after the transaction?

After the tax withholding, Oliver Tuszik holds 170,876.468 Cisco shares directly. This total includes both regular common shares and certain dividend equivalents credited on unvested restricted stock units that are treated as the economic equivalent of Cisco common stock.

What triggered the tax liability for Oliver Tuszik’s Cisco (CSCO) shares?

The tax liability arose from the partial settlement of a restricted stock unit award that Tuszik previously reported on a Form 3 dated May 6, 2025. A portion of the resulting shares, 2,259.076, was withheld to cover taxes instead of being delivered to him.

What are the dividend equivalents mentioned in the Cisco (CSCO) insider report?

The report notes 1,417.436 dividend equivalents accrued on unvested RSUs. Each dividend equivalent is described as the economic equivalent of one share of Cisco common stock and is included within Tuszik’s reported direct holdings after the transaction.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tuszik Oliver

(Last) (First) (Middle)

170 WEST TASMAN DRIVE

(Street)

SAN JOSE CALIFORNIA 95134

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CISCO SYSTEMS, INC. [ CSCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Global Sales

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/10/2026		F		2,259.076(1)	D	$118.31	170,876.468(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of a restricted stock unit award originally reported by the reporting person in a Form 3 filed with the Commission on May 6, 2025.

2. Includes 1,417.436 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Remarks:

	/s/ Oliver Tuszik by Jeremy Erickson, Attorney-in-Fact	07/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)