Richard Scott Herren - Nov 10, 2023 Form 4 Insider Report for CISCO SYSTEMS, INC. (CSCO)

Role
EVP and CFO
Signature
/s/ Richard Scott Herren by Evan Sloves, Attorney-in-Fact
Stock symbol
CSCO
Transactions as of
Nov 10, 2023
Transactions value $
-$5,132,140
Form type
4
Date filed
11/14/2023, 09:20 PM
Previous filing
Sep 25, 2023
Next filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSCO Common Stock Award $0 +152K +36.73% $0.00 565K Nov 10, 2023 Direct F1, F2
transaction CSCO Common Stock Tax liability -$5.13M -98.7K -17.48% $52.00 466K 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 two (2) performance-based restricted stock unit ("PRSU") awards granted on December 18, 2020 resulting from the satisfaction of performance metrics during the performance periods and dividend equivalents accrued on such awards.
F2 Includes 1,841 dividend equivalents accrued on vested deferred restricted stock units, 2,367 dividend equivalents accrued on unvested deferred restricted stock units and 9,207 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 awards described in footnote 1, the partial settlement of three (3) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on December 18, 2020, September 22, 2021 and October 13, 2022, the settlement of dividend equivalents accrued on the PRSU awards described in footnote 1, and the partial settlement of dividend equivalents accrued on the restricted stock units.
F4 Includes 2,104 dividend equivalents accrued on vested deferred restricted stock units, 2,104 dividend equivalents accrued on unvested deferred restricted stock units and 6,916 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.