[Form 4] Cisco Systems, Inc. Insider Trading Activity

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

Securities Analyst

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.

Corporate Governance Expert

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.

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
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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 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 and Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

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	09/10/2025		F		1,763.73(1)	D	$67.34	159,902.217(2)	D
Common Stock	09/11/2025		S(3)		2,618	D	$68.0672(4)	157,284.217	D
Common Stock	09/11/2025		S(3)		100	D	$68.54	157,184.217	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 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.

2. 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.

3. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on November 15, 2024.

4. 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.

Remarks:

	/s/ Deborah L. Stahlkopf by Jay Higdon, Attorney-in-Fact	09/11/2025
	** 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 transactions did CSCO insider Deborah Stahlkopf report on the Form 4?

The Form 4 reports 1,763.73 shares withheld for tax from an RSU partial settlement on 09/10/2025 and sales of 2,618 shares and 100 shares on 09/11/2025.

Were the sales by Deborah Stahlkopf made under a trading plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 plan adopted on 11/15/2024.

What prices were reported for the sales?

The filing reports a weighted average sale price of $68.0672 for the 2,618-share sale and $68.54 for the 100-share sale; individual sale prices ranged from $67.54 to $68.43.

How many shares does Deborah Stahlkopf beneficially own after these transactions?

Following the reported transactions she beneficially owns 157,184.217 shares as disclosed in the Form 4.

Does the reported share total include dividend equivalents?

Yes. The total includes 1,412.012 dividend equivalents on vested deferred RSUs, 991.455 on unvested deferred RSUs, and 4,342.905 on unvested RSUs.