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Cisco (NASDAQ: CSCO) CFO sells 7,397 shares, retains 177,517

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Cisco Systems EVP and CFO Mark Patterson reported selling 7,397 shares of Cisco common stock in open-market transactions on June 11, 2026 at prices around $117.60–$122.40 per share under a pre-arranged Rule 10b5-1 plan. On June 10, 2026, 6,399.098 shares were withheld to cover taxes from a restricted stock unit settlement. After these transactions, he directly holds 177,516.881 shares of Cisco common stock, including dividend-equivalent shares.

Positive

  • None.

Negative

  • None.
Insider Patterson Mark
Role EVP and CFO
Sold 7,397 shs ($887K)
Type Security Shares Price Value
Sale Common Stock 1,100 $117.5964 $129K
Sale Common Stock 1,600 $118.3638 $189K
Sale Common Stock 851 $119.4424 $102K
Sale Common Stock 1,100 $120.4373 $132K
Sale Common Stock 2,546 $121.7511 $310K
Sale Common Stock 200 $122.395 $24K
Tax Withholding Common Stock 6,399.098 $120.36 $770K
Holdings After Transaction: Common Stock — 183,813.881 shares (Direct, null)
Footnotes (1)
  1. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of one (1) restricted stock unit award 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. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 19, 2025. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $116.93 to $117.84. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $117.96 to $118.94. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $118.96 to $119.94. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $120.14 to $120.79. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $121.30 to $122.25. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $122.39 to $122.40. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
Shares sold 7,397 shares Open-market sales of Cisco common stock on June 11, 2026
Tax withholding shares 6,399.098 shares Shares withheld on June 10, 2026 for RSU-related tax liability
Highest reported sale price $122.3950 per share One of the June 11, 2026 open-market sales
Post-transaction holdings 177,516.881 shares Direct Cisco common stock held after reported transactions
Dividend equivalents included 1,445.896 shares Dividend equivalents on unvested RSUs counted in holdings
Lowest weighted average sale range start $116.93 per share Lower bound of one disclosed sale price range
Rule 10b5-1 plan financial
"This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 19, 2025."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
restricted stock unit financial
"partial settlement of one (1) restricted stock unit award originally reported by the reporting person in a Form 3"
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.
weighted average sales price per share financial
"Represents a weighted average sales price per share. These shares were sold in multiple transactions"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
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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).
X
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)
06/10/2026		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 Stock06/10/2026F6,399.098(1)D$120.36184,913.881(2)D
Common Stock06/11/2026S(3)1,100D$117.5964(4)183,813.881D
Common Stock06/11/2026S(3)1,600D$118.3638(5)182,213.881D
Common Stock06/11/2026S(3)851D$119.4424(6)181,362.881D
Common Stock06/11/2026S(3)1,100D$120.4373(7)180,262.881D
Common Stock06/11/2026S(3)2,546D$121.7511(8)177,716.881D
Common Stock06/11/2026S(3)200D$122.395(9)177,516.881D
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 one (1) restricted stock unit award 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.
3. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 19, 2025.
4. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $116.93 to $117.84. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
5. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $117.96 to $118.94. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
6. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $118.96 to $119.94. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
7. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $120.14 to $120.79. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
8. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $121.30 to $122.25. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
9. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $122.39 to $122.40. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
Remarks:
/s/ Mark Patterson by Jeremy Erickson, Attorney-in-Fact06/11/2026
** 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 did Cisco (CSCO) EVP and CFO Mark Patterson report in this Form 4?

Mark Patterson reported a series of transactions in Cisco common stock. He sold 7,397 shares in open-market trades on June 11, 2026 and had 6,399.098 shares withheld the prior day to cover taxes from a restricted stock unit settlement, all disclosed in this filing.

How many Cisco (CSCO) shares did the CFO sell and at what prices?

The CFO sold a total of 7,397 Cisco common shares in multiple open-market transactions on June 11, 2026. The reported weighted average prices per share ranged roughly from $117.60 to $122.40, with detailed price ranges available to shareholders on request from the company.

Were Mark Patterson’s Cisco (CSCO) stock sales under a Rule 10b5-1 plan?

Yes. A footnote states the transactions were effected under a Rule 10b5-1 trading plan adopted on December 19, 2025. Such pre-arranged plans automate trades according to preset instructions, reducing the significance of short-term timing decisions by the executive.

How many Cisco (CSCO) shares does the CFO own after these transactions?

Following the reported transactions, Mark Patterson directly holds 177,516.881 shares of Cisco common stock. This figure includes 1,445.896 dividend-equivalent shares accrued on unvested restricted stock units, which are treated as the economic equivalent of Cisco common shares.

What is the 6,399.098-share Cisco (CSCO) transaction noted with code F?

The 6,399.098-share transaction with code F represents shares withheld to pay tax liabilities from the partial settlement of a restricted stock unit award. This is described as a tax-withholding disposition, not an open-market sale, and reduced the CFO’s share count accordingly.

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

Dividend equivalents are credits on unvested restricted stock units that mirror Cisco’s cash dividends. The filing notes 1,445.896 dividend equivalents, each economically equal to one share of Cisco common stock, and these are included in the CFO’s reported direct share holdings after the transactions.