Jeffery S. Sharritts - Nov 10, 2023 Form 4 Insider Report for CISCO SYSTEMS, INC. (CSCO)

Role
EVP & Chief Cust & Prtnr Offcr
Signature
/s/ Jeffery S. Sharritts by Evan Sloves, Attorney-in-Fact
Stock symbol
CSCO
Transactions as of
Nov 10, 2023
Transactions value $
-$1,993,732
Form type
4
Date filed
11/14/2023, 09:25 PM
Previous filing
Sep 25, 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 +31.3K +9.64% $0.00 356K Nov 10, 2023 Direct F1, F2
transaction CSCO Common Stock Tax liability -$1.99M -38.3K -10.76% $52.00 318K 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 October 14, 2020 resulting from the satisfaction of performance metrics during the three-year performance period and dividend equivalents accrued on such award.
F2 Includes 6,957 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 four (4) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on May 5, 2022 and a restricted stock unit award originally reported by the reporting person in a Form 4 filed with the Commission on 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 a restricted stock unit award.
F4 Includes 5,607 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.