Cisco EVP sells 680 shares at $110.18 each

Cisco’s EVP of Global Sales reported a small 10b5-1 plan sale and shares withheld to cover taxes from RSU settlement.

Rhea-AI Filing Summary

CISCO SYSTEMS, INC. executive Oliver Tuszik, EVP, Global Sales, reported two transactions in Cisco common stock. On September 14, 2026, he sold 680 shares in an open-market or private transaction at $110.18 per share, effected pursuant to a Rule 10b5-1 plan adopted on December 17, 2025. On September 10, 2026, 1,259.692 shares were withheld to pay tax liability arising from partial settlement of a restricted stock unit award, and his holdings include 1,656.454 dividend equivalents on unvested restricted stock units, each economically equivalent to one share of Cisco common stock.

Insider Trade Summary 10b5-1

Net Seller: 680 shares

Net Sell 2 txns

Insider Tuszik Oliver

Role EVP, Global Sales

Sold 680 shs ($75K)

Type	Security	Shares	Price	Value
Sale	Common Stock F3	680	$110.18	$75K
Tax Withholding	Common Stock F1, F2	1,259.692	$109.43	$138K

Holdings After Transaction: Common Stock — 163,336.671 shares (Direct)

Footnotes (3)

1. F1. 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 4 filed with the Commission on June 9, 2025.
2. F2. Includes 1,656.454 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
3. F3. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 17, 2025.

Key Figures

Common shares sold: 680 shares Sale price per share: $110.18 per share Shares withheld for tax liability: 1,259.692 shares +3 more

6 metrics

Common shares sold 680 shares Sale on September 14, 2026 by EVP, Global Sales

Sale price per share $110.18 per share September 14, 2026 sale of 680 Cisco shares

Shares withheld for tax liability 1,259.692 shares Withholding on September 10, 2026 from RSU settlement

Withholding reference price $109.43 per share Price associated with 1,259.692 shares withheld for tax liability

Dividend equivalents on unvested RSUs 1,656.454 equivalents Each dividend equivalent is the economic equivalent of one Cisco share

Rule 10b5-1 plan adoption date December 17, 2025 Plan under which the September 14, 2026 sale was effected

Key Terms

Rule 10b5-1 plan, restricted stock unit, tax liability, dividend equivalents

4 terms

Rule 10b5-1 plan regulatory

"This transaction was effected pursuant to a Rule 10b5-1 plan adopted"

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"

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.

tax liability financial

"shares withheld for payment of tax liability arising as a result"

dividend equivalents financial

"Includes 1,656.454 dividend equivalents accrued on unvested restricted"

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.

FAQ

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

What insider transactions did CSCO EVP Oliver Tuszik report on this Form 4?

He reported a sale of 680 Cisco shares on September 14, 2026, and the withholding of 1,259.692 shares on September 10, 2026 to cover tax liability from a restricted stock unit settlement.

At what price did the CSCO shares sell in Oliver Tuszik’s September 14, 2026 transaction?

On September 14, 2026, Oliver Tuszik sold 680 Cisco shares at $110.18 per share in an open-market or private transaction, as reported in the Form 4.

Were Oliver Tuszik’s CSCO share sales made under a Rule 10b5-1 plan?

Yes. The Form 4 states the September 14, 2026 sale was effected pursuant to a Rule 10b5-1 plan adopted on December 17, 2025, and the filing’s Rule 10b5-1 checkbox is affirmed.

Why were 1,259.692 CSCO shares disposed of on September 10, 2026?

On September 10, 2026, 1,259.692 shares of Cisco common stock were withheld to pay tax liability arising from the partial settlement of a restricted stock unit award originally reported on June 9, 2025.

What are the dividend equivalents mentioned in the CSCO Form 4 for Oliver Tuszik?

The filing states that Tuszik’s holdings include 1,656.454 dividend equivalents accrued on unvested restricted stock units, with each dividend equivalent economically equivalent to one Cisco share of common stock.

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

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Available on EDGAR 09/14/2026 - 07:11 PM Accepted by SEC EDGAR 09/14/2026 - 07:11 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).

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^*

Tuszik Oliver

(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, Global Sales

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

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	09/10/2026		F		1,259.692(1)	D	$109.43	164,016.671(2)	D
Common Stock	09/14/2026		S(3)		680	D	$110.18	163,336.671	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 one (1) restricted stock unit award originally reported by the reporting person in a Form 4 filed with the Commission on June 9, 2025.

2. Includes 1,656.454 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 17, 2025.

Remarks:

	/s/ Oliver Tuszik by Jeremy Erickson, Attorney-in-Fact	09/14/2026
	** 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)