Cisco (CSCO) director Marianna Tessel granted 251 fully vested shares as fees

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Tessel Marianna reported acquisition or exercise transactions in this Form 4 filing.

Cisco Systems director Marianna Tessel received 251 shares of common stock as a fully vested stock award granted in lieu of cash retainer fees. Following this award, she directly holds 37,447.365 shares of Cisco common stock, including 2,829.365 dividend equivalents accrued on vested deferred restricted stock units, making this a routine compensation-related equity grant rather than a market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Tessel Marianna

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	251	$120.17	$30K

Holdings After Transaction: Common Stock — 37,447.365 shares (Direct, null)

Footnotes (1)

Represents a stock award covering shares in lieu of the reporting person's cash retainer fees, which is fully vested on the date of grant. Includes 2,829.365 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Key Figures

Stock award size: 251 shares Grant reference price: $120.17 per share Total holdings after grant: 37,447.365 shares +1 more

4 metrics

Stock award size 251 shares Common stock grant in lieu of cash retainer fees on June 15, 2026

Grant reference price $120.17 per share Price per share referenced for the 251-share award

Total holdings after grant 37,447.365 shares Director’s direct Cisco common stock holdings following the award

Dividend equivalents 2,829.365 equivalents Dividend equivalents on vested deferred RSUs, each equal to one Cisco share

Key Terms

dividend equivalents, deferred restricted stock units, stock award, cash retainer fees

4 terms

dividend equivalents financial

"Includes 2,829.365 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."

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.

stock award financial

"Represents a stock award covering shares in lieu of the reporting person's cash retainer fees."

cash retainer fees financial

"covering shares in lieu of the reporting person's cash retainer fees"

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Form 4 Insider Transactions: What Each Field Means →

06/16/2026 - 07:14 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^*

Tessel Marianna

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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)
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	06/15/2026		A		251⁽¹⁾	A	$120.17	37,447.365⁽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)
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. Represents a stock award covering shares in lieu of the reporting person's cash retainer fees, which is fully vested on the date of grant.

2. Includes 2,829.365 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/ Marianna Tessel by Jay Higdon, Attorney-in-Fact	06/16/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Cisco (CSCO) director Marianna Tessel report in this Form 4?

Marianna Tessel reported a grant of 251 shares of Cisco common stock. The stock award was given in lieu of her cash retainer fees and was fully vested on the grant date, making it a routine compensation-related equity award rather than a market transaction.

Was the Cisco (CSCO) Form 4 transaction a market buy or sell?

The Form 4 shows a grant of 251 shares, not a market buy or sell. The shares were awarded as compensation in lieu of cash director fees and vested immediately, so no open-market purchase or sale price decision was involved in this transaction.

How many Cisco (CSCO) shares does Marianna Tessel hold after this award?

After the 251-share grant, Marianna Tessel holds 37,447.365 Cisco shares directly. This total includes 2,829.365 dividend equivalents on vested deferred restricted stock units, each equivalent to one share of Cisco common stock, reflecting accumulated compensation-related equity over time.

What are the dividend equivalents mentioned in the Cisco (CSCO) Form 4?

The filing notes 2,829.365 dividend equivalents on vested deferred restricted stock units. Each dividend equivalent is the economic equivalent of one Cisco common share, representing accumulated value from dividends on deferred RSUs rather than additional open-market acquisitions of stock.

Why did Cisco (CSCO) grant stock instead of cash fees to Marianna Tessel?

The Form 4 states the 251-share award covers director cash retainer fees. Instead of paying those fees in cash, Cisco issued fully vested shares, aligning director compensation partly with equity performance while avoiding a separate cash payment for the same retainer obligation.