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Cisco (CSCO) CFO Mark Patterson reports tax withholding of RSU shares

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

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.

Positive

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Insider Patterson Mark
Role EVP and CFO
Type Security Shares Price Value
Tax Withholding Common Stock 3,639.796 $96.57 $351K
Holdings After Transaction: Common Stock — 196,824.979 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 August 8, 2025. 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.
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
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.
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*
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)
Director10% Owner
XOfficer (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)
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 Stock05/10/2026F3,639.796(1)D$96.57196,824.979(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)
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 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-Fact05/12/2026
** 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 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.