Cisco EVP has shares withheld for tax payment

Cisco Systems EVP Global Sales Oliver Tuszik reported a routine share withholding to cover taxes on equity compensation.

Rhea-AI Filing Summary

Cisco Systems EVP Global Sales Oliver Tuszik reported a routine share withholding to cover taxes on equity compensation. On the reported date, 2,259.591 shares of common stock were withheld at $83.17 per share to pay tax liability from the partial settlement of a restricted stock unit award.

After this tax-withholding disposition, Tuszik directly holds 186,353.401 Cisco shares, which include 1,221.059 dividend equivalents accrued on unvested restricted stock units. Dividend equivalents are rights that mirror dividends and are economically equivalent to additional shares.

Insider Trade Summary

Exercise Price or Tax Liability: 2,259.591 shares

Exercise Price or Tax Liability 1 txn

Insider Tuszik Oliver

Role EVP, Global Sales

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	2,259.591	$83.17	$188K

Holdings After Transaction: Common Stock — 186,353.401 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Includes 1,221.059 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: 2,259.591 shares Withholding reference price: $83.17 per share Shares held after transaction: 186,353.401 shares +1 more

4 metrics

Shares withheld for taxes 2,259.591 shares Tax-withholding disposition on common stock

Withholding reference price $83.17 per share Value used for tax-withholding shares

Shares held after transaction 186,353.401 shares Direct Cisco common stock ownership after tax withholding

Dividend equivalents on RSUs 1,221.059 equivalents Accrued on unvested restricted stock units

Key Terms

restricted stock unit, dividend equivalents, tax liability, tax-withholding disposition

4 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 1,221.059 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 liability financial

"withheld for payment of tax liability arising as a result of the partial settlement"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

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.

FAQ

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

What did Cisco (CSCO) EVP Oliver Tuszik report in this Form 4 filing?

Oliver Tuszik reported a tax-withholding disposition related to his equity compensation. 2,259.591 Cisco shares were withheld to pay taxes arising from the partial settlement of a restricted stock unit award, rather than being sold in an open-market transaction.

How many Cisco (CSCO) shares were withheld to cover Oliver Tuszik’s taxes?

The filing shows that 2,259.591 shares of Cisco common stock were withheld. These shares covered Tuszik’s tax liability from the partial settlement of a previously granted restricted stock unit award, based on a value of $83.17 per share.

How many Cisco (CSCO) shares does Oliver Tuszik hold after this tax withholding?

After the tax-withholding transaction, Oliver Tuszik directly holds 186,353.401 Cisco shares. This total includes both previously held stock and 1,221.059 dividend equivalents credited on his unvested restricted stock units, which are economically equivalent to additional Cisco shares.

Was Oliver Tuszik’s Cisco (CSCO) Form 4 transaction an open-market sale?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Cisco to satisfy Tuszik’s tax obligations tied to a restricted stock unit settlement, a common administrative process for equity-based compensation.

What are the dividend equivalents mentioned in Oliver Tuszik’s Cisco (CSCO) holdings?

The filing notes 1,221.059 dividend equivalents accrued on Tuszik’s unvested restricted stock units. Each dividend equivalent is described as the economic equivalent of one Cisco common share, reflecting dividends that would have been paid on those underlying units.

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

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Accepted by SEC EDGAR 04/13/2026 - 04:08 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).

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)
04/10/2026

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	04/10/2026		F		2,259.591(1)	D	$83.17	186,353.401(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 1,221.059 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 Jay Higdon, Attorney-in-Fact	04/13/2026
	** 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)