Cisco legal chief covers taxes with share withholding

Cisco Systems EVP and Chief Legal Officer Deborah L. Stahlkopf reported a routine share withholding tied to equity compensation.

Rhea-AI Filing Summary

Cisco Systems EVP and Chief Legal Officer Deborah L. Stahlkopf reported a routine share withholding tied to equity compensation. On the reported date, 4,069.39 shares of Cisco common stock were withheld at $96.57 per share to cover tax liabilities from the partial settlement of two restricted stock unit awards and related dividend equivalents. After this tax-withholding disposition, she directly owned 183,809.088 Cisco shares. Footnotes explain that additional dividend equivalents, each equal in value to one Cisco share, are accrued on both vested and unvested deferred restricted stock units and unvested restricted stock units.

Insider Trade Summary

Exercise Price or Tax Liability: 4,069.39 shares

Exercise Price or Tax Liability 1 txn

Insider Stahlkopf Deborah L

Role EVP and Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	4,069.39	$96.57	$393K

Holdings After Transaction: Common Stock — 183,809.088 shares (Direct)

Footnotes (2)

1. F1. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of two (2) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on September 25, 2023 and September 23, 2024, and the partial settlement of dividend equivalents accrued on the restricted stock unit awards.
2. F2. Includes 2,575.836 dividend equivalents accrued on vested deferred restricted stock units, 508.957 dividend equivalents accrued on unvested deferred restricted stock units and 3,323.998 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Key Figures

Shares withheld for taxes: 4,069.39 shares Withholding price per share: $96.57 per share Shares owned after transaction: 183,809.088 shares +3 more

6 metrics

Shares withheld for taxes 4,069.39 shares Tax-withholding disposition on common stock

Withholding price per share $96.57 per share Value used for tax-withholding shares

Shares owned after transaction 183,809.088 shares Direct Cisco common stock holdings post-transaction

Dividend equivalents on vested deferred RSUs 2,575.836 equivalents Each equivalent economically equals one Cisco share

Dividend equivalents on unvested deferred RSUs 508.957 equivalents Accrued on unvested deferred restricted stock units

Dividend equivalents on unvested RSUs 3,323.998 equivalents Accrued on unvested restricted stock units

Key Terms

restricted stock unit, dividend equivalents, vested deferred restricted stock units, unvested deferred restricted stock units

4 terms

restricted stock unit financial

"partial settlement of two (2) restricted stock unit awards originally reported by the reporting person"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

dividend equivalents financial

"partial settlement of dividend equivalents accrued on the restricted stock unit awards"

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.

vested deferred restricted stock units financial

"Includes 2,575.836 dividend equivalents accrued on vested deferred restricted stock units"

unvested deferred restricted stock units financial

"508.957 dividend equivalents accrued on unvested deferred restricted stock units"

FAQ

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

What insider transaction did Cisco (CSCO) report for Deborah L. Stahlkopf?

Deborah L. Stahlkopf had 4,069.39 Cisco shares withheld to pay taxes. The withholding covered tax liabilities from the partial settlement of two restricted stock unit awards and related dividend equivalents, rather than an open-market sale of shares.

Was Deborah L. Stahlkopf’s Cisco (CSCO) Form 4 transaction a stock sale?

No, the Form 4 reports a tax-withholding disposition, not an open-market sale. Cisco withheld 4,069.39 common shares at $96.57 per share to satisfy tax obligations arising from partial settlement of restricted stock unit awards and their dividend equivalents.

How many Cisco (CSCO) shares does Deborah L. Stahlkopf hold after this Form 4?

After the reported tax withholding, Stahlkopf directly holds 183,809.088 Cisco shares. This position reflects her remaining common stock ownership following the 4,069.39-share withholding used to cover taxes on restricted stock unit settlements.

What price per share was used for the Cisco (CSCO) tax withholding?

The tax-withholding disposition used a price of $96.57 per Cisco share. At this price, 4,069.39 common shares were withheld to satisfy tax liabilities tied to partial settlement of restricted stock unit awards and associated dividend equivalents.

How do dividend equivalents affect Deborah L. Stahlkopf’s Cisco (CSCO) equity awards?

Dividend equivalents increase the value of Stahlkopf’s Cisco restricted stock units. Footnotes state 2,575.836 equivalents on vested deferred units, 508.957 on unvested deferred units, and 3,323.998 on unvested units, each economically equal to one share of Cisco common stock.

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

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Accepted by SEC EDGAR 05/12/2026 - 05:18 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).

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)
05/10/2026

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	05/10/2026		F		4,069.39(1)	D	$96.57	183,809.088(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. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of two (2) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on September 25, 2023 and September 23, 2024, and the partial settlement of dividend equivalents accrued on the restricted stock unit awards.

2. Includes 2,575.836 dividend equivalents accrued on vested deferred restricted stock units, 508.957 dividend equivalents accrued on unvested deferred restricted stock units and 3,323.998 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Remarks:

	/s/ Deborah L. Stahlkopf by Jay Higdon, Attorney-in-Fact	05/12/2026
	** 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)