Cisco Prepares for AI Rally, EVP Stock Sales for Tax Withholding

On April 10 and May 10, 2026, the Executive Vice Presidents of Global Sales and Operations at Cisco Systems, Inc. (NASDAQ: CSCO) had portions of their shares withheld by the company to cover taxes owed on vested RSUs—approximately $188,000 and $303,000 respectively, or about KRW 260 million and KRW 420 million.

These transactions were classified as tax withholdings under Form 4 code F rather than open-market sales, and both executives still hold well over 150,000 shares of Cisco common stock, representing stakes worth tens of millions of dollars (roughly several hundred billion KRW).

Cisco’s share price recently hit a 52-week high of $98.83 ahead of its Q3 earnings release scheduled for May 13, driven by expectations of strong AI infrastructure demand. JPMorgan has modestly raised its price target from $95 to $96. ()

Headquartered in Silicon Valley, Cisco is a global leader in networking, security and cloud infrastructure, supplying routers, switches, security solutions and collaboration software worldwide. It has emerged as a key beneficiary of the recent surge in AI data-center infrastructure investments. ()