Cisco Systems, Inc. SEC Filing

Cisco Systems, Inc. (CSCO) Form 144 notice reports a proposed sale of 9,783 common shares through Morgan Stanley Smith Barney on NASDAQ with an aggregate market value of $677,961.90 and an approximate sale date of 08/15/2025.

Rhea-AI Filing Summary

Cisco Systems, Inc. (CSCO) Form 144 notice reports a proposed sale of 9,783 common shares through Morgan Stanley Smith Barney on NASDAQ with an aggregate market value of $677,961.90 and an approximate sale date of 08/15/2025. The shares were acquired as RSUs and dividend-equivalent shares from the issuer on 08/10/2025 and the filer indicates payment/vesting on that same date. The filing also lists three sales by the same account in the past three months totaling 12,340 shares for $785,011.27. The filer affirms no undisclosed material adverse information and references Rule 10b5-1 trading plan language where applicable.

Insights

Securities Analyst

TL;DR: Routine insider sale of recently vested RSUs; modest in size relative to large-cap issuer, appears procedural.

The filing documents a proposed sale of 9,783 shares that were acquired as RSUs and dividend-equivalent shares on 08/10/2025, to be executed via Morgan Stanley Smith Barney on 08/15/2025. Recent sales totaling 12,340 shares and roughly $785k in proceeds over three months are disclosed, and the filer includes representation regarding lack of undisclosed material information and 10b5-1 plan reliance. This is a standard insider liquidity event rather than an operational update; market impact is likely limited absent additional disclosures.

Corporate Governance Specialist

TL;DR: Disclosure aligns with Rule 144 and 10b5-1 protocols; no governance red flags in the notice itself.

The notice identifies the nature of acquisition as RSUs and dividend-equivalent shares and provides broker details and recent sale history, fulfilling Rule 144 disclosure elements. The attestation about material adverse information and mention of a 10b5-1 sales plan for prior transactions are appropriate controls for insider trading compliance. The document contains no statements suggesting governance or compliance breaches.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/15/2025 - 04:29 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001873299
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	CISCO SYSTEMS, INC.
SEC File Number	001-39940
Address of Issuer	170 West Tasman Drive San Jose CALIFORNIA 95134
Phone	4085264000
Name of Person for Whose Account the Securities are To Be Sold	DEBORAH STAHLKOPF
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	9783	677961.90	3959998180	08/15/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/10/2025	RSUs & Dividend-Equivalent Shares from RSUs	Issuer			9783	08/10/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales Plan for DEBORAH STAHLKOPF 170 West Tasman Drive San Jose CA 95134	Common	06/12/2025	290	18638.30
10b5-1 Sales Plan for DEBORAH STAHLKOPF 170 West Tasman Drive San Jose CA 95134	Common	06/11/2025	2407	154072.07
10b5-1 Sales Plan for DEBORAH STAHLKOPF 170 West Tasman Drive San Jose CA 95134	Common	05/16/2025	9643	612300.90

144: Remarks and Signature

Remarks
Date of Notice	08/15/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	11/15/2024
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Deborah Stahlkopf
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)