[Form 4] CISCO SYSTEMS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Deborah L. Stahlkopf, Executive Vice President and Chief Legal Officer of Cisco Systems, reported a non‑derivative acquisition on 09/16/2025 of 63,500 shares via a restricted stock unit award that vests in installments: 34% of the shares vest on November 10, 2026 and 8.25% vest quarterly thereafter. Following the award, Ms. Stahlkopf is shown as beneficially owning 220,684.217 shares, which includes accrued dividend equivalents on various deferred and unvested restricted stock units totaling 6,746.372 dividend equivalents. The Form 4 was signed on 09/18/2025 by an attorney‑in‑fact.

Insights

Financial Analyst

TL;DR: Executive granted 63,500 RSUs, increasing her reported beneficial ownership to 220,684.217 shares; vesting is phased through 2026 and thereafter.

The grant of 63,500 restricted stock units to the Chief Legal Officer is a compensation event that increases insider stake and aligns part of pay to long‑term equity ownership. The disclosed vesting schedule — 34% on a single date and 8.25% quarterly thereafter — creates a multi‑period retention mechanism. The filing quantifies dividend equivalents separately, clarifying economic exposure to Cisco common stock. Overall, this is a routine executive award with limited immediate market impact.

Corporate Governance Expert

TL;DR: Document shows a standard RSU award with staggered vesting and recorded dividend equivalents, consistent with typical executive compensation practices.

The Form 4 provides transparency on the structure and timing of equity compensation for a senior officer. The explicit vesting percentages and the breakdown of dividend equivalents on vested and unvested deferred and regular RSUs improve disclosure quality. This information is relevant for assessing management alignment and potential future insider selling windows but does not indicate any governance irregularity.

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).

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)
09/16/2025

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	09/16/2025		A		63,500(1)	A	$0	220,684.217(2)	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 a restricted stock unit award that vests in installments, with thirty-four percent (34%) of the shares vesting on November 10, 2026 and eight-and-one-quarter percent (8.25%) of the shares vesting quarterly thereafter.

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.

Remarks:

	/s/ Deborah L. Stahlkopf by Jay Higdon, Attorney-in-Fact	09/18/2025
	** 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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