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Cisco (CSCO) sales chief sells 2,607 shares, retains 172K+ stake

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Cisco Systems EVP of Global Sales Oliver Tuszik reported routine share transactions. On June 10, 2026, 5,542.883 shares of common stock were withheld to cover tax obligations tied to the partial settlement of a previously granted restricted stock unit award. On June 11, 2026, he sold a total of 2,607 shares of Cisco common stock in open-market trades at prices ranging from $119.18 to $122.44, with reported weighted-average prices for each trade. These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 17, 2025. Following the transactions, he directly holds about 172,726.94 Cisco shares, indicating he retains a substantial equity stake.

Positive

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Insider Tuszik Oliver
Role EVP, Global Sales
Sold 2,607 shs ($316K)
Type Security Shares Price Value
Sale Common Stock 400 $119.59 $48K
Sale Common Stock 700 $120.5071 $84K
Sale Common Stock 1,407 $121.7743 $171K
Sale Common Stock 100 $122.44 $12K
Tax Withholding Common Stock 5,542.883 $120.36 $667K
Holdings After Transaction: Common Stock — 174,933.94 shares (Direct, null)
Footnotes (1)
  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 4 filed with the Commission on June 9, 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. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 17, 2025. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $119.18 to $119.94. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $120.25 to $120.69. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $121.39 to $122.20. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
Open-market shares sold 2,607 shares Cisco common stock sold on June 11, 2026
Sale price (highest lot) $122.44 per share One of the weighted-average sales prices on June 11, 2026
Sale price (other lot) $121.7743 per share Weighted-average price for a 1,407-share sale
Tax-withheld shares 5,542.883 shares Withheld on June 10, 2026 for RSU tax liability
Shares held after transactions 172,726.94 shares Direct Cisco holdings following reported Form 4 trades
Rule 10b5-1 plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 17, 2025."
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 reported by the reporting person in a Form 4 filed with the Commission on June 9, 2025."
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.
weighted average sales price per share financial
"Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $119.18 to $119.94."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Global Sales
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/10/2026F5,542.883(1)D$120.36175,333.94(2)D
Common Stock06/11/2026S(3)400D$119.59(4)174,933.94D
Common Stock06/11/2026S(3)700D$120.5071(5)174,233.94D
Common Stock06/11/2026S(3)1,407D$121.7743(6)172,826.94D
Common Stock06/11/2026S(3)100D$122.44172,726.94D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 4 filed with the Commission on June 9, 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.
3. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 17, 2025.
4. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $119.18 to $119.94. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
5. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $120.25 to $120.69. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
6. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $121.39 to $122.20. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
Remarks:
/s/ Oliver Tuszik by Jeremy Erickson, Attorney-in-Fact06/11/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Cisco reported that EVP of Global Sales Oliver Tuszik sold 2,607 shares. The open-market sales occurred on June 11, 2026, alongside a tax-related share withholding, and were executed under a pre-arranged Rule 10b5-1 trading plan.

How many Cisco (CSCO) shares did Oliver Tuszik sell and at what prices?

Oliver Tuszik sold 2,607 Cisco shares in open-market transactions. The trades on June 11, 2026 occurred at weighted-average prices, with underlying ranges from about $119.18 to $122.44 per share, as detailed in the Form 4 footnotes.

Were Oliver Tuszik’s Cisco (CSCO) share sales made under a Rule 10b5-1 plan?

Yes. The filing states the transactions were made under a Rule 10b5-1 plan. The plan was adopted on December 17, 2025, indicating the sales were pre-scheduled rather than opportunistic, which typically signals routine portfolio management.

How many Cisco (CSCO) shares does Oliver Tuszik hold after these transactions?

After the reported transactions, Oliver Tuszik directly holds about 172,726.94 Cisco shares. This post-transaction balance suggests the reported sales represent a small portion of his overall equity position in the company.

What was the purpose of the 5,542.883 Cisco (CSCO) shares withheld in the filing?

The 5,542.883 shares were withheld to pay tax liabilities. The filing explains they covered taxes from the partial settlement of a previously reported restricted stock unit award, rather than being market sales initiated by the executive.

Did the Cisco (CSCO) Form 4 involve any derivative exercises for Oliver Tuszik?

No derivative exercises are shown in this Form 4. The insider activity consists of open-market sales of common stock and a tax-withholding disposition related to restricted stock units, with no remaining derivative positions listed in the derivative summary.