Cisco Systems (CSCO) EVP sells shares, uses RSUs for tax

Rhea-AI Filing Summary

Cisco Systems executive vice president of operations Subaiya Thimaya K. reported recent stock transactions. On March 12, 2026, he completed an open-market sale of 1,744 shares of Cisco common stock at $77.07 per share. On March 10, 2026, 1,715.468 shares were disposed of to cover tax liabilities tied to the partial settlement of two restricted stock unit awards. After these transactions, he directly holds 156,693.115 shares, which the filing states includes 3,212.419 dividend equivalents on unvested restricted stock units. The filing notes that the open-market sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 18, 2025.

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

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

X

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^*

Subaiya Thimaya K.

(Last) (First) (Middle)

170 WEST TASMAN DRIVE

(Street)

SAN JOSE CA 95134

(City) (State) (Zip)

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, Operations

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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

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

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

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	03/10/2026		F		1,715.468(1)	D	$76.21	158,437.115(2)	D
Common Stock	03/12/2026		S(3)		1,744	D	$77.07	156,693.115	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 the partial settlement of two (2) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on March 14, 2024.

2. Includes 3,212.419 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

3. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 18, 2025.

Remarks:

	/s/ Thimaya K. Subaiya by Jay Higdon, Attorney-in-Fact	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Cisco (CSCO) report for EVP Subaiya Thimaya K.?

Cisco EVP Subaiya Thimaya K. reported an open-market sale and a tax-related share disposition. He sold 1,744 common shares at $77.07 and had 1,715.468 shares withheld to cover taxes from restricted stock unit settlements.

How many Cisco (CSCO) shares does EVP Subaiya Thimaya K. hold after the Form 4 transactions?

After the reported transactions, he directly holds 156,693.115 Cisco common shares. This total, according to the filing, includes 3,212.419 dividend equivalents tied to unvested restricted stock units, each equivalent representing the economic value of one Cisco share.

Was the Cisco (CSCO) insider sale by EVP Subaiya Thimaya K. pre-planned under Rule 10b5-1?

Yes, the open-market sale was executed under a Rule 10b5-1 trading plan. The filing states the plan was adopted by Subaiya Thimaya K. on March 18, 2025, indicating the sale timing was pre-arranged rather than discretionary.

What price did Cisco (CSCO) EVP Subaiya Thimaya K. receive for the sold shares?

The reported open-market sale was completed at a price of $77.07 per share. On March 12, 2026, he sold 1,744 shares of Cisco common stock at this price in a transaction classified as an open-market or private sale.

Why were some Cisco (CSCO) shares disposed of by EVP Subaiya Thimaya K. for taxes?

The Form 4 reports 1,715.468 shares disposed to satisfy tax obligations. These shares were withheld to pay tax liability arising from the partial settlement of two restricted stock unit awards originally reported in a March 14, 2024 Form 3.

How are dividend equivalents treated in the Cisco (CSCO) insider’s reported holdings?

The filing notes that his reported holdings include 3,212.419 dividend equivalents. These dividend equivalents accrue on unvested restricted stock units and are described as economically equivalent to one share of Cisco common stock each.