Cisco director receives stock award in lieu of fees

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

Rhea-AI Filing Summary

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

Cisco Systems director Marianna Tessel reported receiving a stock award of 383 shares of common stock at $78.90 per share. The award was granted in lieu of her cash retainer fees and was fully vested on the grant date. After this grant, she directly holds 37,060.538 shares, including 2,693.538 dividend equivalents accrued on vested deferred restricted stock units, each equivalent to one Cisco common share.

Insider Trade Summary

Grant/Award: 383 shares

Grant/Award 1 txn

Insider Tessel Marianna

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	383	$78.90	$30K

Holdings After Transaction: Common Stock — 37,060.538 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Includes 2,693.538 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

FAQ

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

What insider transaction did Cisco (CSCO) director Marianna Tessel report?

Cisco director Marianna Tessel reported receiving a stock award of 383 common shares. The shares were granted in lieu of her cash retainer fees and are fully vested on the grant date, reflecting routine director compensation rather than an open-market trade.

At what price was Marianna Tessel’s Cisco (CSCO) stock award recorded?

The stock award to Marianna Tessel was recorded at $78.90 per Cisco share. This value represents the grant price used for the award of 383 shares issued instead of cash fees for her director retainer.

How many Cisco (CSCO) shares does Marianna Tessel hold after this Form 4 transaction?

Following the award, Marianna Tessel directly holds 37,060.538 Cisco common shares. This total includes 2,693.538 dividend equivalents on vested deferred restricted stock units, with each dividend equivalent economically matching one Cisco common share.

Was Marianna Tessel’s Cisco (CSCO) stock award related to cash fees?

Yes. The filing states the 383-share stock award replaces her cash retainer fees as a director. Instead of receiving cash, she accepted fully vested Cisco common shares as compensation for board service during the covered period.

Are the Cisco (CSCO) shares in Marianna Tessel’s award vested?

The stock award is fully vested on the date of grant, according to the filing footnote. This means Tessel’s 383 awarded shares are not subject to future vesting conditions and are immediately earned as compensation.

What are the dividend equivalents mentioned in Marianna Tessel’s Cisco (CSCO) holdings?

Her reported total includes 2,693.538 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is described as the economic equivalent of one Cisco common share, effectively tracking the value of Cisco stock over time.

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

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Accepted by SEC EDGAR 03/17/2026 - 06:01 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^*

Tessel Marianna

(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)
03/16/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/16/2026		A		383(1)	A	$78.9	37,060.538(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 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 2,693.538 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 Jeremy Erickson, Attorney-in-Fact	03/17/2026
	** 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.