Patterson Mark 4

What Happened Mark Patterson, Cisco's Executive Vice President and Chief Financial Officer, had 3,639.796 shares disposed (withheld) to satisfy tax withholding related to the partial settlement of two restricted stock unit (RSU) awards. The withholding was recorded at $96.57 per share, for a total value of $351,495. The transaction reflects tax withholding on RSU settlement rather than an open-market sale for investment purposes.

Key Details

• Transaction date: May 10, 2026; Form 4 filed May 12, 2026 (filed timely).
• Transaction type/code: F — shares withheld for payment of tax liability.
• Shares withheld/disposed: 3,639.796 at $96.57 per share; total value $351,495.
• Footnote F1: Withholding arises from partial settlement of two RSU awards originally reported in a Form 3 filed Aug 8, 2025.
• Footnote F2: The reported amount includes 1,445.896 dividend equivalents accrued on unvested RSUs (each dividend equivalent equals one share economically).
• Shares owned after the transaction: not disclosed in the filing.

Context Tax-withholding disposals are routine when equity awards vest; they are administrative actions to satisfy tax obligations and do not necessarily reflect the insider’s view on the stock. This was not an open-market sale or new purchase; rather, shares were retained by the company to cover withholding for RSU settlement.