Cisco Board Member Increases Stake Through Deferred Stock Units

Rhea-AI Filing Summary

Cisco Systems (CSCO) Director Wesley G. Bush reported insider trading activity on June 16, 2025. The transaction involved the acquisition of 580 shares at $65.51 per share through a fully vested deferred restricted stock unit award in lieu of cash retainer fees.

Following the transaction, Bush's direct ownership stands at 49,068 shares, which includes 4,508 dividend equivalents accrued on vested deferred restricted stock units. Additionally, Bush holds 10,000 shares indirectly through the Wesley G. Bush Rev. Trust.

Key details:

• The deferred stock units will settle in shares upon Bush's separation from service under Section 409A of the Internal Revenue Code
• Each dividend equivalent represents the economic equivalent of one share of Cisco common stock
• The Form 4 was filed on June 18, 2025, within the required reporting timeframe

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider BUSH WESLEY G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	580	$65.51	$38K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 49,068 shares (Direct); Common Stock — 10,000 shares (Indirect, By Wesley G. Bush Rev. Trust)

Footnotes (1)

1. Represents a fully vested deferred restricted stock unit award covering shares in lieu of the reporting person's cash retainer fees which will settle in shares on, or as soon as practicable after, the reporting person's "separation from service" to Cisco within the meaning of Section 409A of the Internal Revenue Code. Includes 4,508 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

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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^*

BUSH WESLEY G

(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)
06/16/2025

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	06/16/2025		A		580(1)	A	$65.51	49,068(2)	D
Common Stock								10,000	I	By Wesley G. Bush Rev. 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. Represents a fully vested deferred restricted stock unit award covering shares in lieu of the reporting person's cash retainer fees which will settle in shares on, or as soon as practicable after, the reporting person's "separation from service" to Cisco within the meaning of Section 409A of the Internal Revenue Code.

2. Includes 4,508 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/ Wesley G. Bush by Jay Higdon, Attorney-in-Fact	06/18/2025
	** 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.

FAQ

How many CSCO shares did Director Wesley G. Bush acquire on June 16, 2025?

Director Wesley G. Bush acquired 580 shares of CSCO common stock on June 16, 2025 at a price of $65.51 per share. These shares were received as a fully vested deferred restricted stock unit award in lieu of cash retainer fees.

What is the total CSCO stock ownership of Wesley G. Bush after the June 2025 transaction?

After the June 2025 transaction, Wesley G. Bush owned 49,068 shares directly and 10,000 shares indirectly through the Wesley G. Bush Rev. Trust, for a total beneficial ownership of 59,068 CSCO shares.

When will Wesley G. Bush's deferred restricted stock units for CSCO settle?

According to the filing, the deferred restricted stock units will settle in shares on, or as soon as practicable after, Bush's 'separation from service' to Cisco within the meaning of Section 409A of the Internal Revenue Code.

How many dividend equivalent shares does Wesley G. Bush own in CSCO?

The filing indicates that Bush owns 4,508 dividend equivalents accrued on vested deferred restricted stock units, with each dividend equivalent being economically equivalent to one share of Cisco common stock.