CSCO Form 144 Discloses RSU Sale of 15,863 Shares Via Morgan Stanley

Rhea-AI Filing Summary

Cisco Systems (CSCO) Form 144 shows a proposed sale of 15,863 common shares through Morgan Stanley Smith Barney on NASDAQ with an aggregate market value of $1,099,305.90, against total shares outstanding of 3,959,998,180. The shares were acquired on 08/10/2025 as restricted stock units (RSUs) and dividend-equivalent shares and the proposed approximate sale date is 08/15/2025. The filing lists prior 10b5-1 sales by the same account on 06/17/2025 of 15,678 shares for gross proceeds of $1,027,244.86. The filer certifies no undisclosed material adverse information and references Rule 10b5-1 procedures where applicable.

Positive

• Full disclosure of broker and transaction details including broker name, share counts, dates, and aggregate market value
• Acquisition method explicitly stated as RSUs and dividend-equivalent shares, clarifying insider source of shares
• Prior 10b5-1 sales disclosed (06/17/2025 sale of 15,678 shares), indicating patterned, documented dispositions

Negative

• Rapid disposal after acquisition: shares acquired 08/10/2025 with proposed sale on 08/15/2025 (five-day gap), which may attract governance scrutiny despite small size

Insights

Financial Analyst

TL;DR: Insider proposes a small post-vesting sale of RSUs: economically modest relative to Cisco's large float; indicates routine tax/liquidity event, not a company-level signal.

The transaction involves 15,863 common shares valued at $1.10M against nearly 4.0B shares outstanding, representing an immaterial dilution or market impact. The shares were acquired as RSUs on 08/10/2025 and a sale is planned for 08/15/2025, consistent with routine post-vesting dispositions. A prior 10b5-1 sale on 06/17/2025 of 15,678 shares for $1.03M suggests recurring scripted sales rather than an isolated large divestiture. From a financial-materiality standpoint, this filing is neutral for CSCO's market valuation.

Corporate Governance Expert

TL;DR: Filing documents compliance with Rule 144 and references Rule 10b5-1 sales; procedural transparency is appropriate for insider dispositions.

The Form 144 discloses the nature of acquisition (RSUs and dividend-equivalent shares) and provides broker details, dates, and prior recent 10b5-1 activity. The representation on absence of undisclosed material adverse information is standard. The short interval between RSU acquisition (08/10/2025) and proposed sale (08/15/2025) is disclosed; governance stakeholders may note timing but the transaction size is small relative to outstanding shares. Recordkeeping of broker and prior sales supports regulatory compliance.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	15863	1099305.90	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			15863	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 for RICHARD SCOTT HERREN 170 West Tasman Drive San Jose CA 95134	Common	06/17/2025	15678	1027244.86

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What shares does the Form 144 for CSCO disclose?

The filing discloses a proposed sale of 15,863 common shares of Cisco Systems (CSCO).

When were the shares acquired and how were they obtained?

The shares were acquired on 08/10/2025 as RSUs and dividend-equivalent shares from the issuer.

What is the proposed sale date and estimated market value?

The approximate sale date is 08/15/2025 with an aggregate market value of $1,099,305.90.

Through which broker will the sale occur?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY.

Has the filer sold shares recently?

Yes; the filing discloses a 10b5-1 sale on 06/17/2025 of 15,678 shares for gross proceeds of $1,027,244.86.

How large is this sale relative to Cisco's outstanding shares?

The sale of 15,863 shares is against 3,959,998,180 shares outstanding, making it economically immaterial to the company-level float.