Cisco EVP reports tax-withholding share disposition

Cisco Systems executive Deborah L. Stahlkopf, EVP and Chief Legal Officer, reported a Form 4 transaction involving 4,208.834 shares of Cisco common stock on 2026-08-10.

Rhea-AI Filing Summary

Cisco Systems executive Deborah L. Stahlkopf, EVP and Chief Legal Officer, reported a Form 4 transaction involving 4,208.834 shares of Cisco common stock on 2026-08-10. These shares were withheld to pay tax liability arising from the partial settlement of two restricted stock unit awards and related dividend equivalents. After this withholding, she directly holds 173,602.725 shares, which include multiple tranches of dividend equivalents economically equivalent to Cisco common stock.

Insider Trade Summary

Tax Withholding: 4,208.834 shares

Tax Withholding 1 txn

Insider Stahlkopf Deborah L

Role EVP and Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	4,208.834	$121.43	$511K

Holdings After Transaction: Common Stock — 173,602.725 shares (Direct)

Footnotes (2)

1. F1. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of two (2) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on September 25, 2023 and September 23, 2024, and the partial settlement of dividend equivalents accrued on the restricted stock units.
2. F2. Includes 2,977.683 dividend equivalents accrued on vested deferred restricted stock units, 267.773 dividend equivalents accrued on unvested deferred restricted stock units and 3,158.916 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Key Figures

Shares withheld for tax: 4,208.834 shares Withholding price per share: $121.43 per share Shares held after transaction: 173,602.725 shares +2 more

5 metrics

Shares withheld for tax 4,208.834 shares Shares withheld on 2026-08-10 for payment of tax liability from RSU settlements

Withholding price per share $121.43 per share Per-share value used for the tax-withholding disposition

Shares held after transaction 173,602.725 shares Direct Cisco common stock holdings following the withholding transaction

Dividend equivalents on vested deferred RSUs 2,977.683 Dividend equivalents accrued on vested deferred restricted stock units

Dividend equivalents on unvested RSUs 3,158.916 Dividend equivalents accrued on unvested restricted stock units

Key Terms

restricted stock unit, dividend equivalents, deferred restricted stock units

3 terms

restricted stock unit financial

"tax liability arising as a result of the partial settlement of two (2) restricted stock unit awards"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

dividend equivalents financial

"Includes 2,977.683 dividend equivalents accrued on vested deferred restricted stock units"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

deferred restricted stock units financial

"dividend equivalents accrued on vested deferred restricted stock units, 267.773 dividend equivalents accrued on unvested deferred restricted stock units"

Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.

FAQ

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

What did Cisco (CSCO) executive Deborah L. Stahlkopf report on this Form 4?

Deborah L. Stahlkopf reported 4,208.834 Cisco common shares withheld on 2026-08-10 to pay tax liability from partial settlement of restricted stock units and related dividend equivalents.

Was the CSCO insider transaction by Deborah L. Stahlkopf a market sale or tax withholding?

The reported CSCO transaction was tax withholding, not a market sale. 4,208.834 shares were withheld to satisfy tax liability from partial settlement of restricted stock unit awards and associated dividend equivalents.

How many Cisco (CSCO) shares does Deborah L. Stahlkopf hold after this transaction?

Following the tax-withholding transaction, Deborah L. Stahlkopf directly holds 173,602.725 Cisco common shares, including several components of dividend equivalents tied to vested and unvested restricted stock units.

At what price were the Cisco (CSCO) shares withheld for Deborah L. Stahlkopf’s tax liability?

The 4,208.834 Cisco shares withheld for tax liability were valued at a per-share price of $121.43, reflecting the amount used for calculating the tax-withholding disposition.

What are the dividend equivalents mentioned in Deborah L. Stahlkopf’s CSCO Form 4?

Her holdings include 2,977.683 dividend equivalents on vested deferred RSUs, 267.773 on unvested deferred RSUs, and 3,158.916 on unvested RSUs, each economically equivalent to one Cisco share.

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

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Accepted by SEC EDGAR 08/12/2026 - 05:44 PM EDT 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 CALIFORNIA 95134

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/10/2026		F		4,208.834(1)	D	$121.43	173,602.725(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 shares withheld for payment of tax liability arising as a result of the partial settlement of two (2) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on September 25, 2023 and September 23, 2024, and the partial settlement of dividend equivalents accrued on the restricted stock units.

2. Includes 2,977.683 dividend equivalents accrued on vested deferred restricted stock units, 267.773 dividend equivalents accrued on unvested deferred restricted stock units and 3,158.916 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	08/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)