Form 4: Cisco EVP Thimaya Subaiya Reports Stock Tax Withholding

Cisco Systems EVP Thimaya K. Subaiya disposed of 7,629 shares to satisfy tax obligations related to restricted stock unit vesting.

Summary

• Thimaya K. Subaiya, EVP of Operations at Cisco Systems, Inc., executed a transaction on May 10, 2026.
• The transaction involved the disposition of 7,629.478 shares of common stock at a price of $96.57 per share.
• The shares were withheld by the company to satisfy tax liabilities arising from the partial settlement of restricted stock units (RSUs) and accrued dividend equivalents.
• Following this transaction, the reporting person maintains a beneficial ownership of 149,699.386 shares of Cisco common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a standard administrative tax withholding process rather than a change in executive sentiment or company strategy.

Positives

• The transaction was a routine administrative action related to tax withholding upon the vesting of equity awards, rather than a discretionary sale of shares.

Negatives

• The transaction resulted in a reduction of the reporting person's direct shareholding in the company.

Risks

• None identified; this is a standard tax-related equity transaction.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that this filing is a routine regulatory disclosure common among large-cap technology firms where executives receive significant portions of their compensation in equity, necessitating periodic tax withholding events.

Comparison to Industry Standards

• The transaction aligns with standard corporate governance practices for executive compensation at major technology companies like Cisco, Microsoft, and Oracle.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a standard tax-related equity settlement.

Key Dates

Keywords

Cisco Systems, CSCO, Form 4, Insider Trading, Equity Compensation, Tax Withholding