Cisco Systems EVP & CFO Mark Patterson Sells Shares Under Rule 10b5-1 Plan

Executive Summary

On September 14, 2026, Cisco Systems, Inc. ($CSCO) filed a Form 4 reporting transactions by Executive Vice President and Chief Financial Officer Mark Patterson.

Transaction Breakdown

1. Tax Withholding (Code F):

   • Date: September 10, 2026
   • Shares Withheld: 1,553.145 shares
   • Price: $109.43 per share (~$169,960.66)
   • Purpose: Satisfaction of tax liabilities resulting from the partial settlement of an RSU award.

2. Open Market Sale (Code S):

   • Date: September 11, 2026
   • Shares Sold: 1,795 shares
   • Price: $108.87 per share ($195,421.65)
   • Execution Mechanism: Pre-arranged Rule 10b5-1 trading plan adopted on December 19, 2025.

Ownership Post-Transaction

Following these dispositions, Mr. Patterson directly holds 165,778.426 shares of Cisco common stock (including 1,786.851 dividend equivalents accrued on unvested RSUs).

Market & Strategic Context

• Trading Significance: Low
• The transactions represent routine equity award management (tax withholding) and a modest pre-planned disposition under a Rule 10b5-1 trading plan. The total disposition amounts to approximately 2% of the insider's total equity holdings, indicating normal portfolio management rather than a directional signal.