Charles Robbins - Nov 10, 2023 Form 4 Insider Report for CISCO SYSTEMS, INC. (CSCO)

Role
Chair and CEO, Director
Signature
/s/ Charles Robbins by Evan Sloves, Attorney-in-Fact
Stock symbol
CSCO
Transactions as of
Nov 10, 2023
Transactions value $
-$9,901,060
Form type
4
Date filed
11/14/2023, 09:23 PM
Previous filing
Oct 3, 2023
Next filing
Nov 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSCO Common Stock Award $0 +299K +32.06% $0.00 1.23M Nov 10, 2023 Direct F1, F2
transaction CSCO Common Stock Tax liability -$9.9M -190K -15.48% $52.00 1.04M Nov 10, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents settlement of a performance-based restricted stock unit ("PRSU") award granted on September 18, 2020 resulting from the satisfaction of performance metrics during the three-year performance period and dividend equivalents accrued on such award.
F2 Includes 32,542 dividend equivalents accrued on vested deferred restricted stock units and 22,867 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
F3 Represents shares withheld for payment of tax liability arising as a result of the settlement of the PRSU award described in footnote 1, the partial settlement of five (5) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on September 20, 2019, September 22, 2020, September 22, 2021, November 8, 2021 and October 13, 2022, the settlement of dividend equivalents accrued on the PRSU award described in footnote 1, and the partial settlement of dividend equivalents accrued on certain restricted stock units.
F4 Includes 32,542 dividend equivalents accrued on vested deferred restricted stock units and 18,039 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.