CSCO Form 4: EVP Subaiya disposes of 1,744 shares under 10b5-1 plan

Rhea-AI Filing Summary

Thimaya K. Subaiya, EVP, Operations at Cisco Systems (CSCO), reported a sale of 1,744 shares of Cisco common stock on 09/12/2025 at $66.78 per share under a pre-established Rule 10b5-1 plan adopted March 18, 2025. After the reported sale, the reporting person beneficially owned 158,008.632 shares, which includes 2,909.916 dividend equivalents accrued on unvested restricted stock units. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/15/2025.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating pre-specified, compliant trading
• Reporting includes dividend equivalents on unvested RSUs, providing clarity on total beneficial ownership

Negative

• Insider sold 1,744 shares, which is a dispositional change in insider holdings

Insights

Financial Analyst

TL;DR: A small, planned insider sale under a 10b5-1 plan; ownership remains substantial at ~158k shares.

The reported disposition of 1,744 shares at $66.78 appears to be a routine, pre-scheduled transaction executed under a Rule 10b5-1 plan adopted March 18, 2025. Such plans are commonly used to provide predetermined liquidity while avoiding questions about trading on material nonpublic information. The remaining beneficial ownership of 158,008.632 shares reflects continued economic exposure, including 2,909.916 dividend equivalents tied to unvested RSUs. The transaction size is modest relative to the residual position, indicating limited immediate impact on the insider's stake.

Corporate Governance Expert

TL;DR: Transaction follows standard governance practice via a documented 10b5-1 plan; disclosure compliant.

The Form 4 discloses a sale executed under a 10b5-1 trading plan, which is an accepted mechanism for insiders to sell shares while mitigating regulatory risk. The filing includes required details: transaction date, price, quantity, plan adoption date, and the residual beneficial ownership including dividend equivalents on unvested RSUs. The signature by an attorney-in-fact is noted and dated 09/15/2025, consistent with procedural compliance. No governance red flags or material omissions are evident in the disclosed content.

Insider Trade Summary

Net Seller: 1,744 shares ($116,464)

Net Sell 1 txn

Insider Subaiya Thimaya K.

Role EVP, Operations

Sold 1,744 shs ($116K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,744	$66.78	$116K

Holdings After Transaction: Common Stock — 158,008.632 shares (Direct)

Footnotes (1)

1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 18, 2025. Includes 2,909.916 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Form 4 Insider Transactions: What Each Field Means →

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).

1. Name and Address of Reporting Person^*

Subaiya Thimaya K.

(Last) (First) (Middle)

170 WEST TASMAN DRIVE

(Street)

SAN JOSE CA 95134

(City) (State) (Zip)

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, Operations

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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

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

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

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	09/12/2025		S(1)		1,744	D	$66.78	158,008.632(2)	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 March 18, 2025.

2. Includes 2,909.916 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Remarks:

	/s/ Thimaya K. Subaiya by Jay Higdon, Attorney-in-Fact	09/15/2025
	** 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.

FAQ

What trade did CSCO insider Thimaya K. Subaiya report on the Form 4?

The Form 4 reports a sale of 1,744 shares of Cisco common stock on 09/12/2025 at a price of $66.78 per share.

Was the CSCO insider transaction part of a 10b5-1 plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 plan adopted on March 18, 2025.

How many Cisco shares does the reporting person beneficially own after the sale?

The reporting person beneficially owned 158,008.632 shares following the reported transaction, which includes dividend equivalents.

What are the dividend equivalents mentioned in the Form 4?

The filing states 2,909.916 dividend equivalents accrued on unvested restricted stock units; each dividend equivalent equals one share economically.

Who filed and signed the Form 4 for Thimaya K. Subaiya?

The Form 4 was signed on behalf of the reporting person by an attorney-in-fact, Jay Higdon, with a signature date of 09/15/2025.