CSCO insider filing: RSU tax-withholding of 23,489 shares by CEO Robbins

Rhea-AI Filing Summary

Charles Robbins, Chair and CEO of Cisco Systems (CSCO), reported a change in his beneficial ownership of Cisco common stock tied to the partial settlement of restricted stock units and associated dividend equivalents. On 08/10/2025, 23,489.591 shares were withheld to satisfy tax liabilities arising from partial settlements of four restricted stock unit awards and partial settlement of dividend equivalents.

After the reported transaction, Robbins beneficially owned 669,556.754 shares of Cisco common stock. The filing separately discloses 47,007 dividend equivalents on vested deferred RSUs and 14,249 dividend equivalents on unvested RSUs, each equivalent to one share.

Insights

Financial Analyst

TL;DR Routine executive tax-withholding from RSU settlements; modest change to insider share count, no material corporate impact disclosed.

The Form 4 shows 23,489.591 shares withheld to cover tax liabilities from partial settlements of four restricted stock unit awards and related dividend equivalents. The reported post-transaction beneficial ownership is 669,556.754 shares. These are compensation-related adjustments rather than open-market purchases or sales, so they do not indicate a change in the CEO's investment stance or a material transfer of economic exposure beyond routine equity compensation administration.

Corporate Governance Expert

TL;DR Compensation-driven withholding disclosed; disclosure aligns with Section 16 reporting expectations and clarifies dividend-equivalent accounting.

The explanation clarifies that withheld shares satisfied tax obligations from partial settlements of RSU awards and dividend equivalents, including 47,007 dividend equivalents on vested deferred RSUs and 14,249 on unvested RSUs. This is a standard administrative transaction under equity compensation plans and is consistent with required insider reporting; it does not reflect a discretionary sale or transfer that would raise governance concerns.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Robbins Charles

Role Chair and CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	23,489.591	$71.79	$1.69M

Holdings After Transaction: Common Stock — 669,556.754 shares (Direct)

Footnotes (1)

1. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of four (4) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on September 22, 2021, November 8, 2021, October 13, 2022, and September 25, 2023, and the partial settlement of dividend equivalents accrued on the restricted stock units. Includes 47,007 dividend equivalents accrued on vested deferred restricted stock units and 14,249 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Form 4 Insider Transactions: What Each Field Means →

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^*

Robbins Charles

(Last) (First) (Middle)

170 WEST TASMAN DRIVE

(Street)

SAN JOSE CA 95134

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CISCO SYSTEMS, INC. [ CSCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chair and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	08/10/2025		F		23,489.591(1)	D	$71.79	669,556.754(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 four (4) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on September 22, 2021, November 8, 2021, October 13, 2022, and September 25, 2023, and the partial settlement of dividend equivalents accrued on the restricted stock units.

2. Includes 47,007 dividend equivalents accrued on vested deferred restricted stock units and 14,249 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Remarks:

	/s/ Charles Robbins by Jay Higdon, Attorney-in-Fact	08/12/2025
	** 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.

FAQ

What transaction did Charles Robbins report on Form 4 for CSCO?

The Form 4 reports that 23,489.591 shares were withheld to satisfy tax liabilities from partial settlement of four restricted stock unit awards and dividend equivalents.

How many Cisco shares does Charles Robbins beneficially own after the reported transaction?

Following the transaction, Robbins beneficially owned 669,556.754 shares of Cisco common stock as reported in the Form 4.

What are the dividend equivalents disclosed in the filing?

The filing discloses 47,007 dividend equivalents on vested deferred RSUs and 14,249 dividend equivalents on unvested RSUs; each dividend equivalent equals one share.

Was the reported transaction a market sale or a compensation-related withholding?

It was a compensation-related withholding of shares to cover tax liabilities from partial settlement of restricted stock units and dividend equivalents, not an open-market sale.

Which company and ticker does this Form 4 relate to?

The Form 4 relates to Cisco Systems, Inc. (CSCO) and reports insider activity by Charles Robbins, Chair and CEO.