Patterson Mark 4
4 · CISCO SYSTEMS, INC. · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Cisco (CSCO) CFO Mark Patterson Sells Shares
What Happened
Mark Patterson, EVP and Chief Financial Officer of Cisco Systems, disposed of a total of 13,796.098 shares valued at roughly $1,657,516 in mid‑June 2026. On June 10, 2026 he had 6,399.098 shares withheld to cover tax liabilities from a partial settlement of a restricted stock unit (RSU) award (value $770,195). On June 11, 2026 he sold additional open‑market blocks totaling 7,397 shares across multiple trades (prices and proceeds listed below). These were sales/settlements (not purchases) and include shares withheld to satisfy taxes on RSUs.
Key Details
- Transaction dates: June 10–11, 2026; Form 4 filed June 11, 2026 (timely).
- Individual transactions:
- 6,399.098 shares withheld for tax on RSU settlement @ $120.36 = $770,195 (F — tax withholding; includes dividend equivalents).
- 1,100 shares sold @ $117.60 = $129,356 (S)
- 1,600 shares sold @ $118.36 = $189,382 (S)
- 851 shares sold @ $119.44 = $101,645 (S)
- 1,100 shares sold @ $120.44 = $132,481 (S)
- 2,546 shares sold @ $121.75 = $309,978 (S)
- 200 shares sold @ $122.39 = $24,479 (S)
- Total disposed: 13,796.098 shares for ~$1.66M. Sale prices ranged roughly $116.93–$122.40 across multiple executions.
- Footnotes of note:
- F1: Withheld shares represent payment of tax on a partially settled RSU award.
- F2: The withheld amount includes 1,445.896 dividend equivalents on unvested RSUs.
- F3: At least some sales were effected under a Rule 10b5‑1 trading plan adopted Dec 19, 2025.
- F4–F9: Weighted average prices reported; sales executed in multiple price lots (ranges provided in filing).
- Shares owned after the transactions are not specified in the provided summary.
Context
This filing shows routine disposition activity: a tax withholding to settle vested RSUs (F code) plus open‑market sales (S code). The use of a Rule 10b5‑1 plan for some sales indicates they may have been pre‑arranged. These transactions are sales/settlements — not insider purchases — and therefore do not by themselves signal a bullish insider purchase.
Insider Transaction Report
Form 4
Patterson Mark
EVP and CFO
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-06-10$120.36/sh−6,399.098$770,195→ 184,913.881 total - Sale
Common Stock
[F3][F4]2026-06-11$117.60/sh−1,100$129,356→ 183,813.881 total - Sale
Common Stock
[F3][F5]2026-06-11$118.36/sh−1,600$189,382→ 182,213.881 total - Sale
Common Stock
[F3][F6]2026-06-11$119.44/sh−851$101,645→ 181,362.881 total - Sale
Common Stock
[F3][F7]2026-06-11$120.44/sh−1,100$132,481→ 180,262.881 total - Sale
Common Stock
[F3][F8]2026-06-11$121.75/sh−2,546$309,978→ 177,716.881 total - Sale
Common Stock
[F3][F9]2026-06-11$122.39/sh−200$24,479→ 177,516.881 total
Footnotes (9)
- [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 3 filed with the Commission on August 8, 2025.
- [F2]Includes 1,445.896 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
- [F3]This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 19, 2025.
- [F4]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $116.93 to $117.84. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F5]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $117.96 to $118.94. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F6]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $118.96 to $119.94. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F7]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $120.14 to $120.79. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F8]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $121.30 to $122.25. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F9]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $122.39 to $122.40. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
Signature
/s/ Mark Patterson by Jeremy Erickson, Attorney-in-Fact|2026-06-11