Subaiya Thimaya K. 4

What Happened
Thimaya K. Subaiya, Executive Vice President, Operations at Cisco Systems (CSCO), disposed of a total of 3,459.468 shares in March 2026. On March 12, 2026 she sold 1,744 shares in an open-market transaction at $77.07 per share for $134,410. On March 10, 2026, 1,715.468 shares were withheld to cover tax liability related to the partial settlement of restricted stock units (RSUs) at $76.21 per share, valued at $130,736. Combined value of the two dispositions is approximately $265,146. The open-market sale was executed under a pre-established Rule 10b5-1 plan.

Key Details

• Transaction dates and prices: Mar 10, 2026 — 1,715.468 shares withheld at $76.21 (tax withholding, $130,736); Mar 12, 2026 — 1,744 shares sold at $77.07 (open-market, $134,410).
• Total shares disposed: 3,459.468; total proceeds/consideration ≈ $265,146.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Shares withheld to pay tax liability from partial settlement of two RSU awards (originally reported in Form 3 on 3/14/2024).
  • F2: Holdings include 3,212.419 dividend equivalents on unvested RSUs (each equals the economic equivalent of one share).
  • F3: The open-market sale was made pursuant to a Rule 10b5-1 trading plan adopted Mar 18, 2025.
• Filing timeliness: Form 4 was filed Mar 12, 2026 for transactions on Mar 10 and Mar 12; filing appears timely under standard Form 4 reporting rules.

Context
The tax-withholding disposition (code F) reflects a routine cashless settlement of RSUs to satisfy tax obligations, while the open-market sale (code S) was executed under a pre-existing 10b5-1 plan, which typically indicates a pre-planned sale rather than discretionary trading. These transactions are largely administrative and do not by themselves indicate management sentiment about the company; no speculative conclusions should be drawn.