Robbins Charles 4

What Happened

Charles Robbins, Chair and CEO of Cisco Systems (CSCO), had 11,381.209 shares withheld (a disposition) on Feb 10, 2026 to satisfy tax withholding associated with the partial settlement of restricted stock units and related dividend equivalents. The withheld shares were valued at $86.78 each, totaling approximately $987,661. This was a tax-withholding disposition (routine) rather than an open-market sale.

Key Details

• Transaction date: 2026-02-10; Filing date (Accession): 2026-02-11 (appears timely).
• Shares disposed/withheld: 11,381.209 at $86.78 per share; total value ≈ $987,661.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote F1: The withheld shares cover the tax liability from partial settlement of two restricted stock unit (RSU) awards (originally reported on Forms 4 dated Sep 25, 2023 and Sep 23, 2024) and partial settlement of dividend equivalents.
• Footnote F2: Reflects dividend equivalents included in the awards — 50,313.446 on vested deferred RSUs and 10,763.168 on unvested RSUs; each dividend equivalent is economically equivalent to one share of Cisco common stock.
• Transaction code: F (payment of exercise price or tax liability) — routine tax withholding, not a discretionary sale/purchase signal.

Context

This disposition reflects tax withholding tied to RSU settlements and dividend equivalents (a common, automatic action) rather than a voluntary market sale by the insider. Such transactions typically do not by themselves indicate a change in insider sentiment.