Cisco (NASDAQ: CSCO) EVP executes 10,233-share sale under 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Cisco Systems EVP of Operations Subaiya Thimaya K. reported selling a total of 10,233 shares of Cisco common stock in open-market transactions on February 19, 2026. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 18, 2025.

The transactions consisted of 8,433 shares at a weighted average price of $78.4996 and 1,800 shares at a weighted average price of $79.0450, across multiple trades within stated price ranges. After these sales, the executive directly holds 160,152.583 shares, which includes 3,212.419 dividend equivalents accrued on unvested restricted stock units, each equivalent to one Cisco share.

Insider Trade Summary

Net Seller: 10,233 shares ($804,268)

Net Sell 2 txns

Insider Subaiya Thimaya K.

Role EVP, Operations

Sold 10,233 shs ($804K)

Type	Security	Shares	Price	Value
Sale	Common Stock	8,433	$78.4996	$662K
Sale	Common Stock	1,800	$79.045	$142K

Holdings After Transaction: Common Stock — 161,952.583 shares (Direct)

Footnotes (1)

This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 18, 2025. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $78.01 to $79.00. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. Includes 3,212.419 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $79.01 to $79.12. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

Form 4 Insider Transactions: What Each Field Means →

02/20/2026 - 04:16 PM

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^*

Subaiya Thimaya K.

(Last)

(First)

(Middle)

170 WEST TASMAN DRIVE

(Street)

SAN JOSE

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, Operations

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/19/2026		S⁽¹⁾		8,433	D	$78.4996⁽²⁾	161,952.583⁽³⁾	D
Common Stock	02/19/2026		S⁽¹⁾		1,800	D	$79.045⁽⁴⁾	160,152.583	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 18, 2025.

2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $78.01 to $79.00. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

3. Includes 3,212.419 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

4. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $79.01 to $79.12. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

Remarks:

	/s/ Thimaya K. Subaiya by Jay Higdon, Attorney-in-Fact	02/20/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Cisco (CSCO) report for EVP Subaiya Thimaya K.?

Cisco reported that EVP of Operations Subaiya Thimaya K. sold 10,233 shares of common stock in open-market transactions on February 19, 2026, under a Rule 10b5-1 trading plan adopted on March 18, 2025, as disclosed in a Form 4 filing.

How many Cisco (CSCO) shares did the EVP sell and at what prices?

The EVP sold 8,433 Cisco shares at a weighted average price of $78.4996 and 1,800 shares at a weighted average price of $79.0450. Both were open-market sales executed across multiple trades within stated price ranges between $78.01 and $79.12.

Is the Cisco (CSCO) EVP’s stock sale part of a Rule 10b5-1 plan?

Yes. The reported Cisco stock sales by EVP Subaiya Thimaya K. were effected pursuant to a Rule 10b5-1 trading plan adopted on March 18, 2025. Such pre-arranged plans allow executives to systematically sell shares, helping separate personal trading from day-to-day corporate developments.

How many Cisco (CSCO) shares does the EVP hold after the reported sales?

Following the February 19, 2026 sales, the EVP directly holds 160,152.583 Cisco common shares. This figure includes 3,212.419 dividend equivalents accrued on unvested restricted stock units, with each dividend equivalent economically equivalent to one share of Cisco common stock.

What do the dividend equivalents mentioned in the Cisco (CSCO) filing represent?

The filing states that 3,212.419 of the reported holdings are dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent provides the economic value of one Cisco common share, effectively tracking dividends on unvested equity awards until those awards vest or settle.