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Cisco Systems (CSCO) EVP logs tax-withholding share disposition on RSU vesting

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Cisco Systems EVP of Operations Thimaya K. Subaiya reported a routine tax-withholding transaction related to restricted stock units. On this event, 1,715.468 shares of Cisco common stock were withheld at $120.36 per share to cover tax liabilities from the partial settlement of two prior RSU awards.

After the withholding, Subaiya directly holds 147,983.918 shares, including 3,461.954 dividend equivalents accrued on unvested RSUs. This was not an open-market sale but a non-discretionary disposition to satisfy tax obligations.

Positive

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Negative

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Insider Subaiya Thimaya K.
Role EVP, Operations
Type Security Shares Price Value
Tax Withholding Common Stock 1,715.468 $120.36 $206K
Holdings After Transaction: Common Stock — 147,983.918 shares (Direct, null)
Footnotes (1)
  1. Represents shares withheld for payment of tax liability arising as a result of 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. Includes 3,461.954 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
Shares withheld for taxes 1,715.468 shares Tax liability from partial settlement of two RSU awards
Withholding reference price $120.36 per share Value used for tax-withholding disposition
Shares held after transaction 147,983.918 shares Direct Cisco common stock holding following tax withholding
Dividend equivalents on unvested RSUs 3,461.954 equivalents Each equivalent is economically one Cisco common share
Tax-withholding transactions 1 transaction Non-derivative disposition classified under code F
restricted stock unit financial
"partial settlement of two (2) restricted stock unit awards 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 3,461.954 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
"shares 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.
Form 3 regulatory
"awards originally reported by the reporting person in a Form 3 filed"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
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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).
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 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, Operations
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 Stock06/10/2026F1,715.468(1)D$120.36147,983.918(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)
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 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 3,461.954 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
Remarks:
/s/ Thimaya K. Subaiya 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 did Cisco (CSCO) executive Thimaya K. Subaiya report in this Form 4?

Thimaya K. Subaiya reported a tax-withholding disposition of Cisco common stock. 1,715.468 shares were withheld to cover taxes triggered by the partial settlement of two restricted stock unit awards, rather than an open-market sale of shares.

How many Cisco shares were withheld for taxes in Subaiya’s Form 4?

Cisco withheld 1,715.468 shares of common stock from Thimaya K. Subaiya. These shares covered tax liabilities arising from the partial settlement of two restricted stock unit awards originally reported in a Form 3 filed on March 14, 2024.

Is Thimaya K. Subaiya’s Cisco Form 4 transaction an open-market sale?

No, the transaction is not an open-market sale. It is a tax-withholding disposition where Cisco withheld 1,715.468 shares to pay tax liability tied to restricted stock unit vesting, a routine administrative step rather than a discretionary sale of stock.

How many Cisco shares does Thimaya K. Subaiya hold after this transaction?

After the tax-withholding transaction, Thimaya K. Subaiya directly holds 147,983.918 Cisco shares. This total includes 3,461.954 dividend equivalents accrued on unvested restricted stock units, each equivalent to one share of Cisco common stock.

What are the dividend equivalents mentioned in Subaiya’s Cisco Form 4?

Dividend equivalents are credits that mirror dividends on unvested restricted stock units. Subaiya’s holdings include 3,461.954 dividend equivalents, each economically equal to one Cisco common share, accrued on unvested RSUs and included in the reported post-transaction share balance.

What caused the tax liability that led to Cisco withholding shares from Subaiya?

The tax liability arose from the partial settlement of two restricted stock unit awards previously granted to Subaiya. When RSUs settle, they typically generate taxable income, and companies often withhold shares, as Cisco did here, to satisfy the associated tax obligation.