Cisco Systems (CSCO) EVP discloses stock sale and RSU tax withholding

Rhea-AI Filing Summary

Cisco Systems executive reports stock transactions and tax withholding. The reporting person, an EVP of Operations at Cisco Systems, Inc., reported two transactions in Cisco common stock. On 12/10/2025, 1,715.964 shares were withheld at $79.51 per share to cover taxes from the partial settlement of two previously reported restricted stock unit awards. This left 178,063.64 shares beneficially owned directly, including 2,752.958 dividend equivalents on unvested restricted stock units.

On 12/12/2025, the reporting person sold 1,745 shares of Cisco common stock at $79.46 per share under a Rule 10b5-1 trading plan adopted on March 18, 2025. After this sale, the reporting person directly beneficially owned 176,318.64 shares of Cisco common stock.

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

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	12/10/2025		F		1,715.964(1)	D	$79.51	178,063.64(2)	D
Common Stock	12/12/2025		S(3)		1,745	D	$79.46	176,318.64	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 the partial settlement of two (2) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on March 14, 2024.

2. Includes 2,752.958 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

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

Remarks:

	/s/ Thimaya K. Subaiya by Jay Higdon, Attorney-in-Fact	12/12/2025
	** 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.
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FAQ

What insider stock transactions did Cisco Systems (CSCO) report in this Form 4?

The filing reports that a Cisco Systems EVP of Operations had 1,715.964 shares of common stock withheld on 12/10/2025 to pay taxes from restricted stock unit settlements and sold 1,745 shares on 12/12/2025 at $79.46 per share.

How many Cisco Systems (CSCO) shares does the reporting person own after these transactions?

After the 12/12/2025 sale, the reporting person beneficially owns 176,318.64 shares of Cisco Systems common stock directly.

What was the purpose of the 1,715.964 Cisco (CSCO) shares withheld on 12/10/2025?

The 1,715.964 shares were withheld to pay tax liability arising from the partial settlement of two restricted stock unit awards previously reported on a Form 3 filed on March 14, 2024.

At what prices were the Cisco Systems (CSCO) insider transactions executed?

The tax withholding on 12/10/2025 was at $79.51 per share, and the open market sale on 12/12/2025 under a Rule 10b5-1 plan was at $79.46 per share.

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

The filing states that the reported holdings include 2,752.958 dividend equivalents accrued on unvested restricted stock units, with each dividend equivalent economically equal to one share of Cisco common stock.

Was the Cisco Systems (CSCO) insider sale made under a Rule 10b5-1 trading plan?

Yes. The 1,745-share sale on 12/12/2025 was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 18, 2025.