Cisco CFO sells 1,795 shares at $108.87

Cisco’s EVP and CFO reported a small Rule 10b5-1 sale and a tax-withholding share disposition tied to RSU vesting.

Rhea-AI Filing Summary

CISCO SYSTEMS, INC. (CSCO) EVP and CFO Mark Patterson reported two non-derivative transactions. On September 11, 2026, he sold 1,795 shares of Cisco common stock at $108.87 per share in an open-market transaction effected under a Rule 10b5-1 plan. On September 10, 2026, 1,553.145 shares were withheld to cover tax liability from the partial settlement of a restricted stock unit award, and his holdings include 1,786.851 dividend equivalents on unvested RSUs.

Insider Trade Summary 10b5-1

Net Seller: 1,795 shares

Net Sell 2 txns

Insider Patterson Mark

Role EVP and CFO

Sold 1,795 shs ($195K)

Type	Security	Shares	Price	Value
Sale	Common Stock F3	1,795	$108.87	$195K
Tax Withholding	Common Stock F1, F2	1,553.145	$109.43	$170K

Holdings After Transaction: Common Stock — 165,778.426 shares (Direct)

Footnotes (3)

1. F1. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of one (1) restricted stock unit award originally reported by the reporting person in a Form 3 filed with the Commission on August 8, 2025.
2. F2. Includes 1,786.851 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
3. F3. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 19, 2025.

Key Figures

Shares sold: 1,795 shares Sale price per share: $108.87 per share Shares withheld for taxes: 1,553.145 shares +2 more

5 metrics

Shares sold 1,795 shares Sale of Cisco common stock on September 11, 2026 by the EVP and CFO

Sale price per share $108.87 per share Price for 1,795 shares sold on September 11, 2026

Shares withheld for taxes 1,553.145 shares Shares withheld on September 10, 2026 to pay tax liability on RSU settlement

Tax-withholding reference price $109.43 per share Value used for 1,553.145 shares withheld on September 10, 2026

Dividend equivalents on unvested RSUs 1,786.851 equivalents Accrued on unvested restricted stock units, each equal to one Cisco share

Key Terms

Rule 10b5-1 plan, restricted stock unit, dividend equivalents

3 terms

Rule 10b5-1 plan regulatory

"transaction was effected pursuant to a Rule 10b5-1 plan adopted"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

restricted stock unit financial

"partial settlement of one (1) restricted stock unit award originally"

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 1,786.851 dividend equivalents accrued on unvested restricted"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did CSCO’s EVP and CFO report in this Form 4?

He reported selling 1,795 shares of Cisco common stock on September 11, 2026 at $108.87 per share, and a separate disposition of 1,553.145 shares on September 10, 2026 that were withheld to pay tax liability related to a restricted stock unit award.

Was the CSCO insider sale by the EVP and CFO under a Rule 10b5-1 plan?

Yes. The sale of 1,795 shares on September 11, 2026 was effected pursuant to a Rule 10b5-1 plan that Mark Patterson adopted on December 19, 2025, as disclosed in the footnotes.

How many CSCO shares were sold by the EVP and CFO, and at what price?

He sold 1,795 shares of Cisco common stock at a price of $108.87 per share on September 11, 2026 in a sale described as an open market or private transaction.

Why were 1,553.145 CSCO shares disposed of on September 10, 2026?

The 1,553.145 shares disposed of on September 10, 2026 at $109.43 per share were withheld to pay tax liability arising from the partial settlement of a restricted stock unit award previously reported on an earlier Form 3.

What are the dividend equivalents mentioned in the CSCO Form 4 filing?

The filing states that the reporting person’s holdings include 1,786.851 dividend equivalents accrued on unvested restricted stock units, with each dividend equivalent being the economic equivalent of one share of Cisco common stock.

What is the role of Mark Patterson at CSCO as noted in this Form 4?

Mark Patterson is identified as EVP and CFO of Cisco Systems, Inc. in the reporting person information section of the Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 07:11 PM Accepted by SEC EDGAR 09/14/2026 - 07:11 PM Learn about SEC filing dates

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).

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^*

Patterson Mark

(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 and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

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	09/10/2026		F		1,553.145(1)	D	$109.43	167,573.426(2)	D
Common Stock	09/11/2026		S(3)		1,795	D	$108.87	165,778.426	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 one (1) restricted stock unit award originally reported by the reporting person in a Form 3 filed with the Commission on August 8, 2025.

2. Includes 1,786.851 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 December 19, 2025.

Remarks:

	/s/ Mark Patterson by Jeremy Erickson, Attorney-in-Fact	09/14/2026
	** 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)