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CISCO SYSTEMS, INC.·4

Jun 11, 7:08 PM ET

Patterson Mark 4

Research Summary

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Updated

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.