Subaiya Thimaya K. 4

What Happened

• Subaiya Thimaya K., Executive Vice President, Operations at Cisco Systems, withheld 6,735.87 shares as payment for tax liability tied to a partial settlement of restricted stock units. The shares were valued at $86.78 each, totaling approximately $584,539. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: February 10, 2026. Filing date: February 11, 2026 (timely under Form 4 rules).
• Price per share: $86.78; total value: ~$584,539.
• Shares withheld/disposed: 6,735.87.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1: Withholding covers tax liability from partial settlement of four restricted stock unit (RSU) awards and partial settlement of accrued dividend equivalents previously reported in 2024 filings.
  • F2: Includes 3,212.419 dividend equivalents on unvested RSUs; each dividend equivalent equals one share.
• Transaction type explanation: Code F = shares withheld to satisfy tax withholding obligations.

Context

• This is a routine tax-withholding event tied to RSU vesting (a form of compensation), not an indication of the insider actively selling shares on the open market. Such withholdings are common and reflect payroll/tax obligations rather than a directional bet on the stock. Purchases or open-market sales are generally more informative about an insider’s view of the company.