Cisco (NASDAQ: CSCO) legal chief sells 6,487 shares under 10b5-1 plan

Rhea-AI Filing Summary

Cisco Systems, Inc. executive Deborah L. Stahlkopf (EVP and Chief Legal Officer) reported open-market sales of Cisco common stock. On 2026-08-14 she sold a total of 6,487 shares in three transactions: 1,300 shares at a weighted average price of $110.6831, 4,487 shares at $111.6032, and 700 shares at $112.6325. All sales were effected under a Rule 10b5-1 trading plan adopted on December 16, 2025, with each reported price representing a weighted average for multiple trades within stated price ranges. Related holdings include dividend equivalents that are the economic equivalent of Cisco common stock.

Insider Trade Summary 10b5-1

Net Seller: 6,487 shares

Net Sell 3 txns

Insider Stahlkopf Deborah L

Role EVP and Chief Legal Officer

Sold 6,487 shs ($723K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2, F3	1,300	$110.6831	$144K
Sale	Common Stock F1, F4	4,487	$111.6032	$501K
Sale	Common Stock F1, F5	700	$112.6325	$79K

Holdings After Transaction: Common Stock — 167,115.725 shares (Direct)

Footnotes (5)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 16, 2025.
2. F2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $110.15 to $111.04. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
3. F3. Includes 2,977.683 dividend equivalents accrued on vested deferred restricted stock units, 267.773 dividend equivalents accrued on unvested deferred restricted stock units and 3,158.916 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
4. F4. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $111.19 to $112.16. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
5. F5. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $112.35 to $113.00. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

Key Figures

Shares sold (first transaction): 1300 shares Shares sold (second transaction): 4487 shares Shares sold (third transaction): 700 shares +5 more

8 metrics

Shares sold (first transaction) 1300 shares Common Stock sale on 2026-08-14 at weighted average $110.6831

Shares sold (second transaction) 4487 shares Common Stock sale on 2026-08-14 at weighted average $111.6032

Shares sold (third transaction) 700 shares Common Stock sale on 2026-08-14 at weighted average $112.6325

Total shares sold 6487 shares Aggregate non-derivative sales reported in this Form 4

Price range (first block) $110.15–$111.04 Range of prices for trades in the 1,300-share sale

Price range (second block) $111.19–$112.16 Range of prices for trades in the 4,487-share sale

Price range (third block) $112.35–$113.00 Range of prices for trades in the 700-share sale

Dividend equivalents total 295.546 + 267.773 + 3158.916 dividend equivalents Dividend equivalents on various (deferred) restricted stock units, each equal to one share economically

Key Terms

Rule 10b5-1 plan, weighted average sales price per share, dividend equivalents, deferred restricted stock units, +1 more

5 terms

Rule 10b5-1 plan regulatory

"This transaction was effected pursuant to a Rule 10b5-1 plan adopted"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

weighted average sales price per share financial

"Represents a weighted average sales price per share. These shares were sold"

dividend equivalents financial

"Includes 2,977.683 dividend equivalents accrued on vested deferred restricted"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

deferred restricted stock units financial

"dividend equivalents accrued on vested deferred restricted stock units"

Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.

restricted stock units financial

"dividend equivalents accrued on unvested restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

FAQ

What insider transactions did CSCO executive Deborah L. Stahlkopf report on August 14, 2026?

Deborah L. Stahlkopf reported selling 6,487 Cisco common shares on August 14, 2026, in three open-market transactions at weighted average prices between $110.68 and $112.63. Each sale consisted of multiple trades within specified price ranges.

Were Deborah L. Stahlkopf’s CSCO stock sales made under a Rule 10b5-1 plan?

Yes. The filing states the transactions were effected under a Rule 10b5-1 plan adopted on December 16, 2025. Such plans pre-arrange trades, reducing the informational value of trade timing about the insider’s current views.

How many CSCO shares did Deborah L. Stahlkopf sell in each reported transaction?

She sold 1,300 shares, 4,487 shares, and 700 shares of Cisco common stock. All three transactions occurred on August 14, 2026 and were reported as open-market or private sales of non-derivative common stock.

What price ranges applied to Deborah L. Stahlkopf’s August 14, 2026 CSCO share sales?

The weighted average prices reflect trades in ranges of $110.15–$111.04, $111.19–$112.16, and $112.35–$113.00. The reporting person has undertaken to provide detailed share-by-price breakdowns to the issuer, regulators, or security holders upon request.

Does the CSCO Form 4 mention dividend equivalents for Deborah L. Stahlkopf?

Yes. The filing notes dividend equivalents totaling 6,404.372 units across vested and unvested deferred restricted stock units and unvested restricted stock units. Each dividend equivalent is described as the economic equivalent of one share of Cisco common stock.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/17/2026 - 05:25 PM Accepted by SEC EDGAR 08/17/2026 - 05:24 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stahlkopf Deborah L

(Last) (First) (Middle)

170 WEST TASMAN DRIVE

(Street)

SAN JOSE CALIFORNIA 95134

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CISCO SYSTEMS, INC. [ CSCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/14/2026		S(1)		1,300	D	$110.6831(2)	172,302.725(3)	D
Common Stock	08/14/2026		S(1)		4,487	D	$111.6032(4)	167,815.725	D
Common Stock	08/14/2026		S(1)		700	D	$112.6325(5)	167,115.725	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 16, 2025.

2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $110.15 to $111.04. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

3. Includes 2,977.683 dividend equivalents accrued on vested deferred restricted stock units, 267.773 dividend equivalents accrued on unvested deferred restricted stock units and 3,158.916 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

4. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $111.19 to $112.16. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

5. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $112.35 to $113.00. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

Remarks:

	/s/ Deborah L. Stahlkopf by Jeremy Erickson, Attorney-in-Fact	08/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)