CSCO officer updates ownership: PRSU settlement and tax withholding

Rhea-AI Filing Summary

Cisco Systems (CSCO) reported an insider equity change by its EVP, Operations. On 11/10/2025, the officer acquired 60,895.21 shares of common stock at $0, reflecting settlement of two performance-based RSU awards granted on October 11, 2022, including dividend equivalents accrued on those awards.

On the same date, 55,105.324 shares were disposed of under code F at $71.07 per share, representing shares withheld to cover taxes arising from the PRSU settlements, partial settlement of previously reported RSU awards, and related dividend equivalents. Following these transactions, beneficial ownership was 235,817.604 shares held directly. The filing notes dividend equivalents included in holdings, specifically 3,959.002 and 2,752.958 shares tied to unvested RSUs.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Subaiya Thimaya K.

Role EVP, Operations

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	60,895.21	$0.00	--
Tax Withholding	Common Stock	55,105.324	$71.07	$3.92M

Holdings After Transaction: Common Stock — 290,922.928 shares (Direct)

Footnotes (1)

1. Represents settlement of two (2) performance-based restricted stock unit ("PRSU") awards granted on October 11, 2022 resulting from the satisfaction of performance metrics during the three-year performance period and dividend equivalents accrued on such awards. Includes 3,959.002 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock. Represents shares withheld for payment of tax liability arising as a result of the settlement of the PRSU awards described in footnote 1, the partial settlement of six (6) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on March 14, 2024 and in a Form 4 filed with the Commission on September 23, 2024, the settlement of dividend equivalents accrued on the PRSU awards described in footnote 1, and the partial settlement of dividend equivalents accrued on a restricted stock unit award. 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.

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).

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)
11/10/2025

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	11/10/2025		A		60,895.21(1)	A	$0	290,922.928(2)	D
Common Stock	11/10/2025		F		55,105.324(3)	D	$71.07	235,817.604(4)	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 settlement of two (2) performance-based restricted stock unit ("PRSU") awards granted on October 11, 2022 resulting from the satisfaction of performance metrics during the three-year performance period and dividend equivalents accrued on such awards.

2. Includes 3,959.002 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

3. Represents shares withheld for payment of tax liability arising as a result of the settlement of the PRSU awards described in footnote 1, the partial settlement of six (6) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on March 14, 2024 and in a Form 4 filed with the Commission on September 23, 2024, the settlement of dividend equivalents accrued on the PRSU awards described in footnote 1, and the partial settlement of dividend equivalents accrued on a restricted stock unit award.

4. 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.

Remarks:

	/s/ Thimaya K. Subaiya by Jeremy Erickson, Attorney-in-Fact	11/13/2025
	** 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 transaction did CSCO report on Form 4?

An officer acquired 60,895.21 shares at $0 from PRSU settlement and disposed of 55,105.324 shares at $71.07 via tax withholding.

Who is the reporting person in CSCO’s Form 4?

The reporting person is an Officer, titled EVP, Operations.

What is the transaction date for the CSCO insider activity?

The earliest transaction date disclosed is 11/10/2025.

How many CSCO shares were beneficially owned after the transactions?

Beneficial ownership following the transactions was 235,817.604 shares held directly.

What do the Form 4 footnotes say about dividend equivalents?

Holdings include dividend equivalents of 3,959.002 and 2,752.958 shares accrued on unvested RSUs.

What was the price for the tax withholding disposition?

The shares withheld for taxes were priced at $71.07 per share.

What awards drove the share acquisition at $0?

Two performance-based RSU awards granted on October 11, 2022 that met performance metrics over a three-year period.