CSCO Form 4: Stahlkopf reports RSU withholding and planned sales under 10b5-1
Rhea-AI Filing Summary
Deborah L. Stahlkopf, EVP and Chief Legal Officer of Cisco Systems, reported routine equity activity tied to restricted stock unit settlement and preplanned share sales. On 09/10/2025 she had 1,763.73 shares withheld to satisfy tax liabilities from a partial settlement of an RSU award and related dividend equivalents at a price of $67.34 per share. On 09/11/2025 she sold 2,618 shares at a weighted average price of $68.0672 and 100 shares at $68.54 under a Rule 10b5-1 trading plan adopted 11/15/2024. Following these transactions she beneficially owned 157,184.217 shares, which includes several classes of dividend equivalents as disclosed.
Positive
- Sales executed under a Rule 10b5-1 plan, indicating preplanned, compliant insider trading.
- Detailed disclosure of dividend equivalents and commitment to provide per-price sale breakdowns on request.
Negative
- None.
Insights
TL;DR: Insider reported tax-withholding on RSU settlement and executed preplanned sales under a 10b5-1 plan; remaining holding remains substantial.
The Form 4 shows customary post-vesting mechanics: shares withheld for taxes from a partial RSU settlement and subsequent sales executed pursuant to an established Rule 10b5-1 plan. The sales were executed across multiple prices and the filer discloses the weighted average sale price. Total beneficial ownership remains above 157,000 shares, and dividend equivalents are explicitly included in the share count.
TL;DR: Transactions appear compliant and preplanned; disclosure provides necessary details on withholding, dividend equivalents, and 10b5-1 provenance.
The filing documents tax withholding from a partial RSU settlement and multiple sales made under a 10b5-1 plan adopted on 11/15/2024. The reporting person provides a commitment to furnish detailed per-price sale breakdowns on request. Signature was executed via attorney-in-fact, a standard procedural disclosure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,618 | $68.0672 | $178K |
| Sale | Common Stock | 100 | $68.54 | $7K |
| Tax Withholding | Common Stock | 1,763.73 | $67.34 | $119K |
Footnotes (1)
- Represents shares withheld for payment of tax liability arising as a result of the partial settlement of a restricted stock unit award originally reported by the reporting person in a Form 4 filed with the Commission on September 22, 2021, and the partial settlement of dividend equivalents accrued on the restricted stock unit award. Includes 1,412.012 dividend equivalents accrued on vested deferred restricted stock units, 991.455 dividend equivalents accrued on unvested deferred restricted stock units and 4,342.905 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on November 15, 2024. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $67.54 to $68.43. 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.
