Patterson Mark 4

What Happened

• Mark Patterson, Executive Vice President and Chief Financial Officer of Cisco Systems, had 1,839.64 shares withheld to satisfy tax liabilities arising from the partial settlement of restricted stock units (RSUs). The withholding was recorded as a disposition on Feb 10, 2026 at $86.78 per share, for a value of approximately $159,644.
• This was a tax-withholding transaction (code F) related to RSU settlement, not an open-market sale. Withholding is routine and reduces the net shares issued to the insider.

Key Details

• Transaction date and price: Feb 10, 2026 — 1,839.64 shares @ $86.78; total value ≈ $159,644.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — Shares were withheld to pay tax liability from the partial settlement of two RSU awards originally reported in a Form 3 (Aug 8, 2025). F2 — The reported amount includes 1,021.837 dividend equivalents accrued on unvested RSUs (each dividend equivalent equals one share economically).
• Filing timeliness: The Form 4 was filed Feb 11, 2026 for a Feb 10 transaction; no late filing flag is indicated.

Context

• This was a cashless-like tax withholding on RSU settlement (common practice) rather than a discretionary sale; it reflects withholding to meet tax obligations when RSUs vest.
• Such transactions are routine administrative actions and do not necessarily indicate the insider’s view on the company’s stock.