Cisco (CSCO) CEO Charles Robbins covers taxes with withheld shares, retains large stake

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Cisco Systems Chair and CEO Charles Robbins reported a tax-related share disposition. On the reported date, 15,746.594 shares of Cisco common stock were withheld at $96.57 per share to cover tax liabilities from the partial settlement of two restricted stock unit awards and related dividend equivalents.

These withheld shares were not an open-market sale but a payment of tax obligations using shares that had vested. After this withholding, Robbins directly owned 658,484.886 shares of Cisco common stock, indicating he continues to hold a substantial equity position in the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Robbins Charles

Role Chair and CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	15,746.594	$96.57	$1.52M

Holdings After Transaction: Common Stock — 658,484.886 shares (Direct, null)

Footnotes (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 Forms 4 filed with the Commission on September 25, 2023 and September 23, 2024, and the partial settlement of dividend equivalents accrued on the restricted stock unit awards. Includes 51,685.291 dividend equivalents accrued on vested deferred restricted stock units and 10,414.655 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: 15,746.594 shares Withholding share value: $96.57 per share Shares held after transaction: 658,484.886 shares +3 more

6 metrics

Shares withheld for taxes 15,746.594 shares Tax-withholding disposition from RSU settlements

Withholding share value $96.57 per share Value used for withheld Cisco common stock

Shares held after transaction 658,484.886 shares Direct Cisco holdings following tax withholding

Tax-withholding transactions 1 transaction, 15,746.594 shares Aggregate tax withholding in this Form 4

Dividend equivalents on vested deferred RSUs 51,685.291 equivalents Each equivalent is economically one Cisco share

Dividend equivalents on unvested RSUs 10,414.655 equivalents Economically equivalent to Cisco shares

Key Terms

restricted stock unit awards, dividend equivalents, vested deferred restricted stock units, unvested restricted stock units, +1 more

5 terms

restricted stock unit awards financial

"partial settlement of two (2) restricted stock unit awards originally reported"

Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.

dividend equivalents financial

"partial settlement of dividend equivalents accrued on the restricted stock unit awards"

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.

vested deferred restricted stock units financial

"Includes 51,685.291 dividend equivalents accrued on vested deferred restricted stock units"

unvested restricted stock units financial

"and 10,414.655 dividend equivalents accrued on unvested restricted stock units"

Form 4 regulatory

"originally reported by the reporting person in Forms 4 filed with the Commission"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 05:17 PM

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^*

Robbins Charles

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chair and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/10/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/10/2026		F		15,746.594⁽¹⁾	D	$96.57	658,484.886⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 Forms 4 filed with the Commission on September 25, 2023 and September 23, 2024, and the partial settlement of dividend equivalents accrued on the restricted stock unit awards.

2. Includes 51,685.291 dividend equivalents accrued on vested deferred restricted stock units and 10,414.655 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Remarks:

	/s/ Charles Robbins by Jay Higdon, Attorney-in-Fact	05/12/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Cisco (CSCO) CEO Charles Robbins report in this Form 4?

Charles Robbins reported a tax-withholding disposition of Cisco shares. 15,746.594 shares were withheld to pay taxes tied to vesting restricted stock units, rather than sold on the open market, and he continues to hold a large remaining share position.

How many Cisco (CSCO) shares were withheld for taxes from Charles Robbins’ awards?

A total of 15,746.594 Cisco common shares were withheld for tax obligations. The tax liability arose from the partial settlement of two restricted stock unit awards and associated dividend equivalents, as described in the Form 4 footnotes.

At what price were Charles Robbins’ Cisco (CSCO) shares withheld for tax purposes?

The withheld Cisco shares are reported at $96.57 per share. This figure is used to value the 15,746.594 shares applied to satisfy the tax liability arising from the settlement of restricted stock unit awards and related dividend equivalents.

How many Cisco (CSCO) shares does Charles Robbins hold after this Form 4 transaction?

Following the tax-withholding disposition, Charles Robbins directly owned 658,484.886 Cisco shares. This post-transaction balance, disclosed in the Form 4, shows he continues to maintain a substantial equity stake in Cisco Systems after covering his tax obligations.

Was Charles Robbins’ Cisco (CSCO) Form 4 transaction an open-market stock sale?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Cisco to pay taxes due on the partial settlement of restricted stock unit awards and dividend equivalents, a routine administrative step for equity compensation.

What are dividend equivalents mentioned in Charles Robbins’ Cisco (CSCO) filing?

Dividend equivalents are credits that mirror dividends on restricted stock units, each equal to one Cisco share economically. The filing notes 51,685.291 equivalents on vested deferred units and 10,414.655 on unvested units, which factored into the tax liability settlement.