Form 4: Cisco EVP Subaiya Sells Shares for Tax Obligations

Cisco's EVP of Operations, Thimaya K. Subaiya, disposed of 1,714.973 shares of common stock to cover tax liabilities related to restricted stock unit awards.

Summary

• Thimaya K. Subaiya, Executive Vice President of Operations at Cisco Systems, Inc. (CSCO), reported a transaction on September 10, 2025.
• The transaction involved the disposition of 1,714.973 shares of Cisco common stock.
• These shares were withheld by the issuer to satisfy tax liabilities arising from the partial settlement of two restricted stock unit (RSU) awards.
• The shares were disposed of at a price of $67.34 per share.
• Following this transaction, Subaiya beneficially owns 159,752.632 shares of Cisco common stock.
• The total beneficial ownership includes 2,909.916 dividend equivalents accrued on unvested restricted stock units, with each equivalent representing one share of Cisco common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposition of shares upon RSU vesting, which is a neutral event for the company's operational or financial performance.

Positives

• The transaction indicates the partial settlement and vesting of restricted stock unit awards, which is a positive for the executive's compensation realization.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

• The disposition of shares was to the issuer (Cisco Systems, Inc.) to satisfy tax obligations arising from the vesting of restricted stock units, a common practice in executive compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction related to executive compensation.
• Management: The executive's compensation plan is proceeding as expected with the vesting and tax settlement of RSUs.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary disposition of shares by an executive to cover tax liabilities upon the vesting of restricted stock units. It does not reflect a discretionary sale based on the executive's view of the company's future prospects, nor does it provide new information about the company's financial performance or strategic direction. Therefore, it does not warrant a change in investment recommendation.

Keywords

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