Cisco EVP sells 7,511 shares under 10b5-1 plan; post-sale holdings 161,466.689

Q: Who filed the Form 4 for CSCO and what is their role?

The filing was made for Thimaya K. Subaiya , who is listed as EVP, Operations at Cisco Systems.

Q: How many Cisco shares were sold and when?

The reporting person sold 7,511 shares on 08/20/2025 .

Q: At what price were the CSCO shares sold?

The weighted average sale price was $66.8383 per share, with individual trades ranging from $66.58 to $67.15 .

Q: Was the sale part of a prearranged trading plan?

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

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Cisco Systems executive Thimaya K. Subaiya, EVP Operations, reported the sale of 7,511 shares of Cisco common stock on 08/20/2025. The sales were effected under a Rule 10b5-1 trading plan adopted March 18, 2025, at a weighted average price of $66.8383 per share, with individual trade prices ranging from $66.58 to $67.15. After the disposition, the reporting person beneficially owned 161,466.689 shares, a total that includes 2,909 dividend equivalents accrued on unvested restricted stock units. The Form 4 was signed by an attorney-in-fact.

Positive

Transaction executed under a Rule 10b5-1 plan, which provides pre-established parameters and regulatory clarity
Full disclosure of weighted average price and price range ($66.8383 weighted average; $66.58–$67.15 range) enhances transparency
Post-transaction beneficial ownership disclosed (161,466.689 shares), including dividend equivalents on unvested RSUs

Negative

Insider sale of 7,511 shares could be interpreted negatively by some investors despite being preplanned

Insights

TL;DR: A routine, preplanned insider sale under a 10b5-1 plan; disclosure is standard governance practice.

The reported sale of 7,511 shares by an EVP was executed pursuant to a Rule 10b5-1 plan adopted March 18, 2025, which typically provides affirmative defense against insider trading accusations for trades made under a pre-established schedule. The Form 4 discloses the weighted average price and the post-transaction beneficial ownership, including dividend equivalents on unvested restricted stock units, which improves transparency. The filing was executed by an attorney-in-fact, consistent with standard practice for insiders who authorize delegates to submit filings.

TL;DR: The transaction is a modest insider sale and appears non-material to Cisco's overall cap structure.

Sale of 7,511 shares at a weighted average price of $66.8383 represents a personal liquidity event rather than a significant shift in holdings. The reporting person still beneficially owns 161,466.689 shares, which includes 2,909 dividend equivalents tied to unvested RSUs. The precise price range per share is disclosed, supporting accurate market-impact assessment. There is no information in this filing indicating any change to executive role or company operations.

Insider Trade Summary

Net Seller: 7,511 shares ($502,022)

Net Sell 1 txn

Insider Subaiya Thimaya K.

Role EVP, Operations

Sold 7,511 shs ($502K)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,511	$66.8383	$502K

Holdings After Transaction: Common Stock — 161,466.689 shares (Direct)

Footnotes (1)

This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 18, 2025. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $66.58 to $67.15. 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. Includes 2,909 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 →

08/20/2025 - 07:41 PM

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

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)
08/20/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/20/2025		S⁽¹⁾		7,511	D	$66.8383⁽²⁾	161,466.689⁽³⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $66.58 to $67.15. 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.

3. Includes 2,909 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	08/20/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

Who filed the Form 4 for CSCO and what is their role?

The filing was made for Thimaya K. Subaiya, who is listed as EVP, Operations at Cisco Systems.

How many Cisco shares were sold and when?

The reporting person sold 7,511 shares on 08/20/2025.

At what price were the CSCO shares sold?

The weighted average sale price was $66.8383 per share, with individual trades ranging from $66.58 to $67.15.

Was the sale part of a prearranged trading 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 own after the sale?

After the reported transaction, the reporting person beneficially owned 161,466.689 shares, which includes 2,909 dividend equivalents on unvested restricted stock units.