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

Rhea-AI Filing Summary

Jeetendra I. Patel, identified as an officer (President and CPO) of Cisco Systems (CSCO), reported withholding 8,911.014 shares to satisfy tax liabilities arising from the partial settlement of three restricted stock unit awards. The transaction is reported with a price of $71.79 per share and is described in the filing as shares withheld for tax payment.

Following this withholding, Mr. Patel is shown as directly beneficially owning 246,465.986 shares and indirectly owning 200 shares through a trust. No derivative transactions were reported in this filing and the disclosure clarifies the withheld shares related specifically to RSU settlement.

Positive

• Reporting officer retains substantial direct ownership of 246,465.986 shares after the withholding event
• Transaction is a routine RSU tax withholding, not an active market sale for liquidity or diversification purposes

Negative

• 8,911.014 shares were withheld, representing a reduction in direct holdings to satisfy tax liabilities
• Reported per-share price for the withheld shares is $71.79, reflecting the value realized for tax withholding purposes

Insights

Financial Analyst

TL;DR Routine RSU tax-withholding reduced direct holdings modestly; no broader selling pattern or derivative activity disclosed.

The report documents a tax-withholding disposition of 8,911.014 Cisco shares at a reported price of $71.79 tied to the partial settlement of three restricted stock unit awards. After the transaction the reporting person retained 246,465.986 direct shares and 200 indirect shares via trust. This type of withholding is common when RSUs vest and is typically non-informational for change in control or strategy absent further sales.

Corporate Governance Expert

TL;DR Disclosure aligns with standard executive compensation tax withholding; no governance red flags evident from this single Form 4.

The filing explicitly states the shares were withheld to cover tax liabilities from RSU settlement, which is a routine administrative action following vesting. The reporting person remains a material insider as President and CPO and continues to hold a substantial direct stake of 246,465.986 shares. There is no indication of accelerated sales, option exercises, or derivative positions in this filing.

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

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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).

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^*

Patel Jeetendra I

(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)
	President and CPO

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2025

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	08/10/2025		F		8,911.014(1)	D	$71.79	246,465.986	D
Common Stock								200	I	By Trust

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 three (3) restricted stock unit awards originally reported by the reporting person in Form 3 filed with the Commission on May 20, 2025.

Remarks:

	/s/ Jeetendra I. Patel by Jay Higdon, Attorney-in-Fact	08/12/2025
	** 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.
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FAQ

What transaction did Jeetendra I. Patel report on Form 4 for CSCO?

The filing reports 8,911.014 shares were withheld to satisfy tax liability from the partial settlement of three restricted stock unit awards.

At what price were the withheld Cisco (CSCO) shares reported?

The withheld shares are reported at a price of $71.79 per share in the Form 4.

How many Cisco shares does Jeetendra Patel beneficially own after the transaction?

After the withholding, Mr. Patel directly beneficially owns 246,465.986 shares and indirectly owns 200 shares through a trust.

Why were the 8,911.014 Cisco shares withheld?

The filing states the shares were withheld to pay the tax liability arising from the partial settlement of three RSU awards originally reported in the Form 3.

Does the Form 4 report any derivative or option transactions by Mr. Patel?

No derivative securities, options, or other derivative transactions are reported in Table II of this Form 4.