Cisco EVP has shares withheld for RSU tax liability

Cisco Systems, Inc. executive Oliver Tuszik, EVP, Global Sales, reported a tax-related share withholding.

Rhea-AI Filing Summary

Cisco Systems, Inc. executive Oliver Tuszik, EVP, Global Sales, reported a tax-related share withholding. On 2026-08-10, 3,145.568 shares of common stock were disposed of at $121.43 per share to satisfy a tax liability arising from the partial settlement of three restricted stock unit awards. Following this transaction, he directly holds 168,036.363 shares of Cisco common stock, including 1,722.899 dividend equivalents accrued on unvested restricted stock units, with each dividend equivalent economically equivalent to one Cisco share.

Insider Trade Summary

Tax Withholding: 3,145.568 shares

Tax Withholding 1 txn

Insider Tuszik Oliver

Role EVP, Global Sales

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	3,145.568	$121.43	$382K

Holdings After Transaction: Common Stock — 168,036.363 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 1,722.899 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 tax: 3,145.568 shares Withholding price: $121.43 per share Shares held after transaction: 168,036.363 shares +1 more

4 metrics

Shares withheld for tax 3,145.568 shares Common stock withheld on 2026-08-10 for tax liability on RSU settlement

Withholding price $121.43 per share Price used for tax-liability share withholding on 2026-08-10

Shares held after transaction 168,036.363 shares Direct Cisco common stock holdings of Oliver Tuszik after withholding

Dividend equivalents included 1,722.899 dividend equivalents Accrued on unvested restricted stock units, economically equivalent to Cisco shares

Key Terms

restricted stock unit, dividend equivalents, tax liability

3 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 1,722.899 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"

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 Oliver Tuszik, EVP, Global Sales, had 3,145.568 shares of common stock withheld on 2026-08-10 to pay a tax liability from partially settling three restricted stock unit awards.

How many Cisco (CSCO) shares were withheld for taxes in this Form 4?

A total of 3,145.568 Cisco common shares were withheld at $121.43 per share to satisfy a tax liability related to the partial settlement of three restricted stock unit awards previously granted to the executive.

What are Oliver Tuszik’s Cisco (CSCO) holdings after this reported transaction?

After the tax-withholding disposition, Oliver Tuszik directly holds 168,036.363 Cisco shares, which includes 1,722.899 dividend equivalents on unvested restricted stock units, each dividend equivalent being economically equivalent to one Cisco common share.

Was the Cisco (CSCO) insider transaction a market sale or tax withholding?

The transaction was tax withholding, not an open-market sale. The filing states the 3,145.568 shares represent shares withheld to cover a tax liability triggered by partial settlement of restricted stock unit awards.

What does the dividend equivalent disclosure mean in Cisco (CSCO) EVP’s Form 4?

The filing notes 1,722.899 dividend equivalents accrued on unvested restricted stock units, with each dividend equivalent described as the economic equivalent of one Cisco common share, and these are included in the reported post-transaction holdings.

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

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Accepted by SEC EDGAR 08/12/2026 - 05:39 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)
08/10/2026

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	08/10/2026		F		3,145.568(1)	D	$121.43	168,036.363(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 1,722.899 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	08/12/2026
	** 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)