CSCO.NASDAQCisco Systems, INC

Form 4: Cisco CFO's Stock Disposition for Tax Liability

Sentiment:

Insider Transaction Report

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Cisco Systems' EVP and CFO, Mark Patterson, disposed of 4,690.914 shares of common stock on August 10, 2025, to cover tax liabilities from restricted stock awards.

Summary

  • Mark Patterson, EVP and CFO of Cisco Systems, Inc. (CSCO), reported a disposition of common stock.
  • On August 10, 2025, Patterson disposed of 4,690.914 shares of Cisco common stock at a price of $71.79 per share.
  • The transaction was classified as a disposition to the issuer to satisfy tax liability (Transaction Code F).
  • These shares were withheld to cover tax obligations resulting from the partial settlement of three restricted stock awards.
  • Following this transaction, Patterson beneficially owns 165,098.086 shares of Cisco common stock directly.
  • The restricted stock awards were initially reported by Patterson in a Form 3 filed with the Commission on August 8, 2025.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes and does not provide broader industry context or trends.

Related Party Transactions

  • Disposition of 4,690.914 shares of common stock by EVP and CFO Mark Patterson to Cisco Systems, Inc. to satisfy tax liability arising from restricted stock awards.

Stakeholder Impact

  • Minimal direct impact on shareholders as the transaction is a routine disposition to cover tax liabilities from equity compensation, not an open market sale.

Key Dates

DateDescription
08/08/2025Date Form 3 was filed reporting restricted stock awards.
08/10/2025Date of stock disposition for tax liability.
08/12/2025Date Form 4 was signed by reporting person's attorney-in-fact.

Recommendation

hold

This Form 4 filing details a routine disposition of shares by an executive to cover tax liabilities associated with restricted stock awards. Such transactions are common and do not typically reflect a change in the executive's confidence in the company or its future prospects. Therefore, it provides no new material information to warrant a change in investment recommendation.

Keywords

Cisco Systems, CSCO, Mark Patterson, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, Executive Compensation

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