Cisco (CSCO) CLO now holds 361,322 shares; tax withholding at $71.07

Cisco Systems (CSCO) reported insider equity activity by EVP and Chief Legal Officer Deborah L. Stahlkopf.

Rhea-AI Filing Summary

Cisco Systems (CSCO) reported insider equity activity by EVP and Chief Legal Officer Deborah L. Stahlkopf. On 11/10/2025, she acquired 259,130.294 shares of common stock at $0, reflecting settlement of performance-based RSU awards and related dividend equivalents. The same day, 119,772.655 shares were withheld at $71.07 to cover taxes tied to these settlements. Following the transactions, she directly beneficially owned 361,322.358 shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Stahlkopf Deborah L

Role EVP and Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	259,130.294	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	119,772.655	$71.07	$8.51M

Holdings After Transaction: Common Stock — 361,322.358 shares (Direct)

Footnotes (4)

1. F1. Represents settlement of two (2) performance-based restricted stock unit ("PRSU") awards granted on October 11, 2022 resulting from the satisfaction of performance metrics during the three-year performance period and dividend equivalents accrued on such awards.
2. F2. Includes 1,556.012 dividend equivalents accrued on vested deferred restricted stock units, 1,092.565 dividend equivalents accrued on unvested deferred restricted stock units and 5,378.298 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
3. F3. Represents shares withheld for payment of tax liability arising as a result of the settlement of the PRSU awards described in footnote 1, the partial settlement of four (4) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on September 22, 2021, October 13, 2022, September 25, 2023 and September 23, 2024, the settlement of dividend equivalents accrued on the PRSU awards described in footnote 1, and the partial settlement of dividend equivalents accrued on the restricted stock unit awards.
4. F4. Includes 1,774.538 dividend equivalents accrued on vested deferred restricted stock units, 874.039 dividend equivalents accrued on unvested deferred restricted stock units and 3,051.816 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

FAQ

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

What insider transaction did CSCO disclose?

On 11/10/2025, Cisco’s EVP and Chief Legal Officer reported acquiring 259,130.294 shares at $0 from PRSU settlements and related dividend equivalents.

Were any CSCO shares sold in the open market?

The filing shows 119,772.655 shares were withheld at $71.07 for taxes associated with equity award settlements.

How many CSCO shares does the insider own after the transactions?

Direct beneficial ownership is 361,322.358 shares following the 11/10/2025 transactions.

What explains the $0 acquisition price for some CSCO shares?

They reflect the settlement of performance-based RSUs and accrued dividend equivalents, which are awarded stock, not open-market purchases.

What role does the reporting person hold at Cisco (CSCO)?

She is the EVP and Chief Legal Officer.

Do the transactions relate to performance metrics?

Yes. The acquisition stems from PRSUs granted on October 11, 2022 after meeting performance metrics over a three-year period.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 11/13/2025 - 05:44 PM EST 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 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)
11/10/2025

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	11/10/2025		A		259,130.294(1)	A	$0	481,095.013(2)	D
Common Stock	11/10/2025		F		119,772.655(3)	D	$71.07	361,322.358(4)	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 settlement of two (2) performance-based restricted stock unit ("PRSU") awards granted on October 11, 2022 resulting from the satisfaction of performance metrics during the three-year performance period and dividend equivalents accrued on such awards.

2. Includes 1,556.012 dividend equivalents accrued on vested deferred restricted stock units, 1,092.565 dividend equivalents accrued on unvested deferred restricted stock units and 5,378.298 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

3. Represents shares withheld for payment of tax liability arising as a result of the settlement of the PRSU awards described in footnote 1, the partial settlement of four (4) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on September 22, 2021, October 13, 2022, September 25, 2023 and September 23, 2024, the settlement of dividend equivalents accrued on the PRSU awards described in footnote 1, and the partial settlement of dividend equivalents accrued on the restricted stock unit awards.

4. Includes 1,774.538 dividend equivalents accrued on vested deferred restricted stock units, 874.039 dividend equivalents accrued on unvested deferred restricted stock units and 3,051.816 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 Jeremy Erickson, Attorney-in-Fact	11/13/2025
	** 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.