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CSCO insider tax withholding: 6,869 RSUs withheld; 168,977.689 shares remain

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

Rhea-AI Filing Summary

Thimaya K. Subaiya, EVP, Operations at Cisco Systems (CSCO), reported a transaction on 08/10/2025 involving restricted stock units. The filing shows 6,869.311 shares were withheld to satisfy tax liability arising from the partial settlement of six restricted stock unit awards. The withholding was recorded at a price of $71.79 per share.

After the withholding, the reporting person beneficially owned 168,977.689 shares of Cisco common stock. The filing also discloses 2,909 dividend equivalents accrued on unvested restricted stock units, each equivalent to one share economically.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine RSU tax-withholding reduced direct holdings by 6,869.311 shares; remaining stake remains sizeable at 168,977.689 shares.

The Form 4 shows a common, non-market-impact transaction: shares were withheld to cover tax liabilities from the partial settlement of six RSUs. The withholding quantity (6,869.311 shares) and the reported price ($71.79) are explicit. This is a compensatory/corporate administration event rather than an open-market sale, so it typically carries neutral informational value for valuation models. The remaining direct ownership (168,977.689 shares) and 2,909 dividend equivalents maintain the insider's economic alignment with shareholders.

TL;DR: Transaction reflects routine executive compensation settlement and tax withholding; no governance red flags are evident in the filing.

The disclosure identifies the reporting person as an officer (EVP, Operations) and documents a partial settlement of RSUs with shares withheld for taxes. The presence of dividend equivalents on unvested RSUs is noted. There is no indication of accelerated vesting, special related-party arrangements, or market sales tied to Rule 10b5-1 in this filing. Based on the stated facts, this is a standard equity compensation event with limited governance implications.

Insider Subaiya Thimaya K.
Role EVP, Operations
Type Security Shares Price Value
Tax Withholding Common Stock 6,869.311 $71.79 $493K
Holdings After Transaction: Common Stock — 168,977.689 shares (Direct)
Footnotes (1)
  1. Represents shares withheld for payment of tax liability arising as a result the partial settlement of six (6) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on March 14, 2024. Includes 2,909 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*
Subaiya Thimaya K.
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Operations
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 6,869.311(1) D $71.79 168,977.689(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 the partial settlement of six (6) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on March 14, 2024.
2. Includes 2,909 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
Remarks:
/s/ Thimaya K. Subaiya 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction did Cisco insider Thimaya K. Subaiya report on Form 4 (CSCO)?

The Form 4 reports the partial settlement of six restricted stock unit awards with 6,869.311 shares withheld to pay taxes on 08/10/2025.

How many shares does the reporting person beneficially own after the transaction (CSCO)?

After the transaction the reporting person beneficially owned 168,977.689 shares of Cisco common stock.

What price was used for the withheld shares in the Form 4 for CSCO?

The filing shows a price of $71.79 per share for the transaction associated with the withheld shares.

Were there any dividend equivalents disclosed on the CSCO Form 4?

Yes. The filing discloses 2,909 dividend equivalents accrued on unvested restricted stock units, each economically equivalent to one share.

What is the reporting person's role at Cisco in this filing (CSCO)?

The reporting person is identified as an Officer with the title EVP, Operations.