Cisco EVP covers taxes with share withholding

Cisco Systems executive Oliver Tuszik reported a routine tax-related share disposition.

Rhea-AI Filing Summary

Cisco Systems executive Oliver Tuszik reported a routine tax-related share disposition. On May 10, 2026, 3,145.568 shares of Cisco common stock were withheld at $96.57 per share to cover tax liabilities from the partial settlement of three restricted stock unit awards.

After this withholding, he directly holds 183,637.824 shares of Cisco common stock. His holdings include 1,651.05 dividend equivalents accrued on unvested restricted stock units, each equivalent to one share of Cisco common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 3,145.568 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	3,145.568	$96.57	$304K

Holdings After Transaction: Common Stock — 183,637.824 shares (Direct)

Footnotes (2)

1. F1. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of three (3) restricted stock unit awards originally reported by the reporting person in a Form 3/A filed with the Commission on May 23, 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 withheld for taxes: 3,145.568 shares Withholding price: $96.57 per share Shares held after transaction: 183,637.824 shares +1 more

4 metrics

Shares withheld for taxes 3,145.568 shares Tax-withholding disposition on May 10, 2026

Withholding price $96.57 per share Value used for tax liability settlement

Shares held after transaction 183,637.824 shares Direct Cisco common stock holdings after withholding

Dividend equivalents on RSUs 1,651.05 equivalents Accrued on unvested restricted stock units

Key Terms

restricted stock unit, dividend equivalents, tax-withholding disposition, economic equivalent

4 terms

restricted stock unit financial

"partial settlement of three (3) 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 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.

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.

economic equivalent financial

"Each dividend equivalent is the economic equivalent of one share of Cisco common stock."

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 Global Sales Oliver Tuszik had 3,145.568 shares withheld to pay taxes on vested restricted stock units. This was a tax-withholding disposition, not an open-market trade, and reflects routine equity compensation settlement.

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

A total of 3,145.568 Cisco common shares were withheld at $96.57 per share. The withholding covered tax liabilities arising from the partial settlement of three restricted stock unit awards granted as part of his compensation.

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

Following the tax-withholding transaction, Oliver Tuszik directly holds 183,637.824 Cisco common shares. This figure includes his remaining equity position after shares were withheld to satisfy tax obligations on recently settled restricted stock units.

What do the dividend equivalents mean in the Cisco (CSCO) Form 4?

The filing notes 1,651.05 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is economically equal to one Cisco common share, providing the same economic benefit as a cash dividend on the underlying stock units.

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

No. The Form 4 describes a tax-withholding disposition, where shares were withheld by Cisco to pay tax liabilities on vested restricted stock units. It does not represent an open-market sale initiated for portfolio or valuation reasons.

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

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Accepted by SEC EDGAR 05/12/2026 - 05:19 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).

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)
05/10/2026

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	05/10/2026		F		3,145.568(1)	D	$96.57	183,637.824(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. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of three (3) restricted stock unit awards originally reported by the reporting person in a Form 3/A filed with the Commission on May 23, 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	05/12/2026
	** 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)