Cisco EVP sells 2,761 shares in planned trade

Cisco Systems executive vice president of global sales Oliver Tuszik reported an open-market sale of Cisco common stock.

Rhea-AI Filing Summary

Cisco Systems executive vice president of global sales Oliver Tuszik reported an open-market sale of Cisco common stock. On May 15, 2026, he sold 2,761 shares at an average price of $114.61 per share under a pre-arranged Rule 10b5-1 plan adopted on December 17, 2025.

After this transaction, Tuszik directly holds 180,876.824 Cisco shares. This figure includes 1,651.05 dividend equivalents accrued on unvested restricted stock units, with each dividend equivalent economically equal to one Cisco common share.

Insider Trade Summary 10b5-1

Net Seller: 2,761 shares

Net Sell 1 txn

Insider Tuszik Oliver

Role EVP, Global Sales

Sold 2,761 shs ($316K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,761	$114.61	$316K

Holdings After Transaction: Common Stock — 180,876.824 shares (Direct)

Footnotes (2)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 17, 2025.
2. F2. Includes 1,651.05 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 sold: 2,761 shares Sale price per share: $114.61 per share Shares held after transaction: 180,876.824 shares +2 more

5 metrics

Shares sold 2,761 shares Open-market sale on May 15, 2026

Sale price per share $114.61 per share Average price for the 2,761 shares sold

Shares held after transaction 180,876.824 shares Direct ownership after May 15, 2026 sale

Dividend equivalents in holdings 1,651.05 equivalents Accrued on unvested restricted stock units

Rule 10b5-1 plan adoption date December 17, 2025 Plan governing the May 15, 2026 sale

Key Terms

Rule 10b5-1 plan, dividend equivalents, restricted stock units, open-market sale

4 terms

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.

dividend equivalents financial

"Includes 1,651.05 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.

restricted stock units financial

"Includes 1,651.05 dividend equivalents accrued on unvested restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

FAQ

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

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

Cisco reported that EVP of Global Sales Oliver Tuszik sold 2,761 shares of Cisco common stock. The sale occurred on May 15, 2026, as an open-market transaction at an average price of $114.61 per share, according to a Form 4 filing.

Was Oliver Tuszik’s Cisco (CSCO) stock sale under a Rule 10b5-1 plan?

Yes. The filing states the sale was executed under a Rule 10b5-1 trading plan adopted by Oliver Tuszik on December 17, 2025. Such plans pre-schedule trades, helping separate routine portfolio management from discretionary timing decisions by company insiders.

How many Cisco (CSCO) shares does Oliver Tuszik hold after this Form 4 sale?

Following the reported transaction, Oliver Tuszik directly holds 180,876.824 Cisco shares. This total includes 1,651.05 dividend equivalents tied to unvested restricted stock units, with each dividend equivalent providing the economic value of one Cisco common share.

What price did Oliver Tuszik receive for his Cisco (CSCO) share sale?

The Form 4 shows an average sale price of $114.61 per share for the 2,761 Cisco shares sold. This reflects an open-market transaction price, providing a clear per-share value but not aggregating the full dollar amount of the trade.

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

Tuszik’s reported holdings include 1,651.05 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is described as economically equal to one Cisco common share, effectively tracking the value of regular dividends on those unvested awards.

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

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Accepted by SEC EDGAR 05/19/2026 - 05:07 PM EDT 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^*

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)
05/15/2026

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	05/15/2026		S(1)		2,761	D	$114.61	180,876.824(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. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 17, 2025.

2. Includes 1,651.05 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	05/19/2026
	** 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)