Cisco CFO has shares withheld for tax liability

Cisco Systems EVP and CFO Mark Patterson reported a routine tax-related share withholding.

Rhea-AI Filing Summary

Cisco Systems EVP and CFO Mark Patterson reported a routine tax-related share withholding. On May 10, 2026, 3,639.796 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. After this non-market disposition, Patterson directly holds 196,824.979 shares of Cisco common stock. This total includes 1,445.896 dividend equivalents accrued on unvested restricted stock units, each equivalent representing the economic value of one Cisco share.

Insider Trade Summary

Exercise Price or Tax Liability: 3,639.796 shares

Exercise Price or Tax Liability 1 txn

Insider Patterson Mark

Role EVP and CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	3,639.796	$96.57	$351K

Holdings After Transaction: Common Stock — 196,824.979 shares (Direct)

Footnotes (2)

1. F1. 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 August 8, 2025.
2. F2. Includes 1,445.896 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: 3,639.796 shares Withholding price per share: $96.57 per share Shares held after transaction: 196,824.979 shares +1 more

4 metrics

Shares withheld for taxes 3,639.796 shares Common Stock withheld to cover tax liability on RSU settlement

Withholding price per share $96.57 per share Value used for tax-withholding disposition of common stock

Shares held after transaction 196,824.979 shares Direct Cisco common stock holdings after tax withholding

Dividend equivalents included 1,445.896 equivalents Accrued on unvested restricted stock units, each equals one Cisco share economically

Key Terms

restricted stock unit, dividend equivalents, tax liability, Form 3

4 terms

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 1,445.896 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"

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.

FAQ

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

What insider transaction did Cisco (CSCO) report for CFO Mark Patterson?

Cisco reported that EVP and CFO Mark Patterson had 3,639.796 Cisco common shares withheld at $96.57 per share. The shares were used to pay tax liabilities from settling restricted stock unit awards, not an open-market sale.

Was the Cisco (CSCO) CFO’s Form 4 transaction a stock sale?

The Form 4 shows a tax-withholding disposition, not a market sale. Cisco withheld 3,639.796 shares at $96.57 per share to satisfy Patterson’s tax liabilities from restricted stock unit settlement.

How many Cisco (CSCO) shares does CFO Mark Patterson hold after this Form 4?

After the tax-withholding transaction, Mark Patterson directly holds 196,824.979 Cisco common shares. This amount includes 1,445.896 dividend equivalents tied to unvested restricted stock units, each equivalent economically matching one Cisco share.

What triggered the tax withholding in Cisco (CSCO) CFO Patterson’s Form 4?

The tax withholding arose from the partial settlement of two restricted stock unit awards. Cisco withheld 3,639.796 shares to cover the resulting tax liability, as disclosed in the Form 4 footnotes.

What are dividend equivalents mentioned in the Cisco (CSCO) Form 4 footnote?

Dividend equivalents are credits on unvested restricted stock units that mirror Cisco’s dividends. Patterson’s holdings include 1,445.896 dividend equivalents, each economically equivalent to one share of Cisco common stock.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/12/2026 - 05:16 PM 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^*

Patterson Mark

(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 and CFO

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		3,639.796(1)	D	$96.57	196,824.979(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 two (2) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on August 8, 2025.

2. Includes 1,445.896 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Remarks:

	/s/ Mark Patterson 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)