Cisco Systems EVP Subaiya receives 18,752 shares

Available on EDGAR 11/12/2026 - 07:50 PM EST Accepted by SEC EDGAR 11/12/2026 - 07:49 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Cisco Systems, Inc. (CSCO) reported that EVP, Operations Thimaya K. Subaiya acquired 18,752 shares on November 10, 2026, when a performance-based restricted stock unit (PRSU) award settled after performance metrics were met over the three-year period. The award included 4,200 dividend equivalents. A further 27,778 shares were withheld for tax liabilities at a reported $98.65 per share; the withholding related to the PRSU and partial settlements of three earlier restricted stock unit awards and associated dividend equivalents. No Rule 10b5-1 plan is reported.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Subaiya Thimaya K.

Role EVP, Operations

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	18,752.194	$0.00	$0.00
Tax Withholding	Common Stock F3, F4	27,777.889	$98.65	$2.74M

Holdings After Transaction: Common Stock — 175,007.896 shares (Direct)

Holdings Before and After: Common Stock, 184,033.591 to 175,007.896 shares (Direct)

Footnotes (4)

1. F1. Represents settlement of a performance-based restricted stock unit ("PRSU") award granted on September 21, 2023 resulting from the satisfaction of performance metrics during the three-year performance period and dividend equivalents accrued on such award.
2. F2. Includes 4,200.421 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
3. F3. Represents shares withheld for payment of tax liability arising as a result of the settlement of the PRSU award described in footnote 1, the partial settlement of three (3) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on March 14, 2024 and in Forms 4 filed with the Commission on September 23, 2024 and September 18, 2025, the settlement of dividend equivalents accrued on the PRSU award described in footnote 1, and the partial settlement of dividend equivalents accrued on two (2) of the restricted stock unit awards.
4. F4. Includes 3,166.220 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Key Figures

PRSU settlement shares: 18,752 shares Dividend equivalents in PRSU settlement: 4,200 shares Shares withheld for tax liabilities: 27,778 shares +2 more

5 metrics

PRSU settlement shares 18,752 shares Acquired November 10, 2026; includes dividend equivalents.

Dividend equivalents in PRSU settlement 4,200 shares Included in the PRSU award settlement.

Shares withheld for tax liabilities 27,778 shares Withheld November 10, 2026; relates to multiple award settlements and dividend equivalents.

Reported price per withheld share $98.65 per share Reported for the shares withheld for tax liabilities on November 10, 2026.

Dividend equivalents associated with withheld shares 3,166 shares Included in the shares withheld for tax liabilities.

Key Terms

performance-based restricted stock unit, dividend equivalents, restricted stock units

3 terms

performance-based restricted stock unit financial

"settlement of a performance-based restricted stock unit ("PRSU") award"

A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.

dividend equivalents financial

"dividend equivalents accrued on such award"

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.

restricted stock units financial

"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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CSCO shares did Thimaya K. Subaiya receive and have withheld?

On November 10, 2026, Thimaya K. Subaiya reported acquiring 18,752 shares upon settlement of a PRSU award and withholding 27,778 shares for tax liabilities, at a reported $98.65 per share for the withheld shares.

What CSCO award led to Thimaya K. Subaiya's share acquisition?

The shares were issued upon settlement of a performance-based restricted stock unit award granted on September 21, 2023. The award followed satisfaction of performance metrics over a three-year performance period and included 4,200 dividend equivalents.

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

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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).

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^*

Subaiya Thimaya K.

(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, Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2026

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	11/10/2026		A		18,752.194(1)	A	$0	202,785.785(2)	D
Common Stock	11/10/2026		F		27,777.889(3)	D	$98.65	175,007.896(4)	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. Represents settlement of a performance-based restricted stock unit ("PRSU") award granted on September 21, 2023 resulting from the satisfaction of performance metrics during the three-year performance period and dividend equivalents accrued on such award.

2. Includes 4,200.421 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

3. Represents shares withheld for payment of tax liability arising as a result of the settlement of the PRSU award described in footnote 1, the partial settlement of three (3) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on March 14, 2024 and in Forms 4 filed with the Commission on September 23, 2024 and September 18, 2025, the settlement of dividend equivalents accrued on the PRSU award described in footnote 1, and the partial settlement of dividend equivalents accrued on two (2) of the restricted stock unit awards.

4. Includes 3,166.220 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 Jeremy Erickson, Attorney-in-Fact	11/12/2026
	** 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)