Cisco (NASDAQ: CSCO) director Wesley G. Bush discloses stock grant and total holdings

Rhea-AI Filing Summary

Cisco Systems director Wesley G. Bush reported a new stock-based award and updated share holdings. On 12/16/2025, he acquired 438 shares of Cisco common stock at $77.55 per share through a fully vested deferred restricted stock unit grant received instead of cash board retainer fees. After this transaction, he beneficially owns 50,652.803 shares directly, which include 5,104.803 dividend equivalents credited on vested deferred restricted stock units, and an additional 10,000 shares held indirectly through the Wesley G. Bush Revocable Trust. The deferred units are designed to settle in shares after his separation from service with Cisco under Section 409A rules.

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

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X

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^*

BUSH WESLEY G

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2025

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	12/16/2025		A		438(1)	A	$77.55	50,652.803(2)	D
Common Stock								10,000	I	By Wesley G. Bush Rev. 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 a fully vested deferred restricted stock unit award covering shares in lieu of the reporting person's cash retainer fees which will settle in shares on, or as soon as practicable after, the reporting person's "separation from service" to Cisco within the meaning of Section 409A of the Internal Revenue Code.

2. Includes 5,104.803 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Remarks:

	/s/ Wesley G. Bush by Jay Higdon, Attorney-in-Fact	12/18/2025
	** 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.
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 did Cisco (CSCO) director Wesley G. Bush report in this Form 4?

Wesley G. Bush, a director of Cisco Systems, Inc., reported acquiring 438 shares of Cisco common stock on 12/16/2025 through a fully vested deferred restricted stock unit award received instead of cash retainer fees.

At what price were the new Cisco (CSCO) shares credited to Wesley G. Bush?

The 438 Cisco shares reported by Wesley G. Bush were credited at a price of $77.55 per share, reflecting the value of the deferred restricted stock unit award.

How many Cisco (CSCO) shares does Wesley G. Bush now beneficially own directly?

Following the reported transaction, Wesley G. Bush beneficially owns 50,652.803 Cisco common shares directly, which include 5,104.803 dividend equivalents accrued on vested deferred restricted stock units.

What are the indirect Cisco (CSCO) holdings reported for Wesley G. Bush?

In addition to his direct holdings, 10,000 Cisco common shares are reported as indirectly owned by Wesley G. Bush through the Wesley G. Bush Rev. Trust.

What is the nature of the deferred restricted stock unit award for Wesley G. Bush at Cisco?

The filing explains that the reported award is a fully vested deferred restricted stock unit grant issued in lieu of cash retainer fees, and it will settle in shares of Cisco stock on or as soon as practicable after his separation from service with Cisco, consistent with Section 409A of the Internal Revenue Code.

What are dividend equivalents mentioned in Wesley G. Bush’s Cisco (CSCO) holdings?

The filing states that his direct holdings include 5,104.803 dividend equivalents accrued on vested deferred restricted stock units, with each dividend equivalent described as the economic equivalent of one share of Cisco common stock.