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CSCO Form 4: President & CPO Jeetendra Patel sells shares

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Cisco Systems (CSCO) reported an executive stock sale by its President and Chief Product Officer, Jeetendra Patel. On 11/14/2025, he sold three blocks of Cisco common stock: 15,727 shares at a weighted average price of $76.5893, 37,173 shares at $77.3729, and 110,996 shares at $78.1965, all coded as open market sales. These transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 20, 2025.

After these sales, Patel beneficially owned 281,108.332 shares directly and 200 shares indirectly through a trust. The direct holdings figure includes 650.209 dividend equivalents tied to unvested restricted stock units, each equivalent to one share of Cisco common stock.

Positive

  • None.

Negative

  • None.
Insider Patel Jeetendra I
Role President and CPO
Sold 163,896 shs ($12.76M)
Type Security Shares Price Value
Sale Common Stock 15,727 $76.5893 $1.20M
Sale Common Stock 37,173 $77.3729 $2.88M
Sale Common Stock 110,996 $78.1965 $8.68M
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 429,277.332 shares (Direct); Common Stock — 200 shares (Indirect, By Trust)
Footnotes (1)
  1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 20, 2025. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $75.91 to $76.90. 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 650.209 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 $76.91 to $77.90. 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. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $77.91 to $78.64. 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 →
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).
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*
Patel Jeetendra I
(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)
President and CPO
3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025
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 11/14/2025 S(1) 15,727 D $76.5893(2) 429,277.332(3) D
Common Stock 11/14/2025 S(1) 37,173 D $77.3729(4) 392,104.332 D
Common Stock 11/14/2025 S(1) 110,996 D $78.1965(5) 281,108.332 D
Common Stock 200 I By Trust
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. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 20, 2025.
2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $75.91 to $76.90. 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 650.209 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 $76.91 to $77.90. 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.
5. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $77.91 to $78.64. 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/ Jeetendra I. Patel by Jay Higdon, Attorney-in-Fact 11/18/2025
** 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.
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 did Cisco (CSCO) disclose in this Form 4 filing?

The filing shows that Cisco’s President and Chief Product Officer, Jeetendra Patel, reported open market sales of Cisco common stock on 11/14/2025 and updated his beneficial ownership.

How many Cisco (CSCO) shares did Jeetendra Patel sell on 11/14/2025?

Jeetendra Patel sold three blocks of Cisco common stock: 15,727 shares at a weighted average price of $76.5893, 37,173 shares at $77.3729, and 110,996 shares at $78.1965.

Were the Cisco (CSCO) stock sales made under a Rule 10b5-1 plan?

Yes. The filing states that the transactions were effected under a Rule 10b5-1 trading plan adopted by the reporting person on March 20, 2025.

What is Jeetendra Patel’s role at Cisco (CSCO)?

According to the filing, Jeetendra Patel is an officer of Cisco, serving as President and CPO (Chief Product Officer).

How many Cisco (CSCO) shares does Jeetendra Patel own after the reported sales?

Following the reported transactions, he beneficially owned 281,108.332 shares directly and 200 shares indirectly through a trust.

What do the dividend equivalents in the Cisco (CSCO) Form 4 represent?

The filing notes that his direct holdings include 650.209 dividend equivalents accrued on unvested restricted stock units, each equal to one share of Cisco common stock in economic terms.

How were the Cisco (CSCO) sale prices reported in this Form 4?

The prices are weighted average sale prices. The filing explains that the shares were sold in multiple transactions within ranges from $75.91 to $78.64, and detailed trade data is available upon request.