[Form 4] CISCO SYSTEMS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Cisco Systems, Inc. executive Deborah L. Stahlkopf, EVP and Chief Legal Officer, reported multiple open-market sales of Cisco common stock. On 11/14/2025, she sold 15,780 shares at a weighted average price of $76.5867, 37,723 shares at $77.3754, and 111,081 shares at $78.1968, all as separate transactions. On 11/17/2025, she sold an additional 20 shares at $77.98.

The filing states these transactions were executed under a Rule 10b5-1 trading plan adopted on November 15, 2024, which is designed to systematically sell shares according to preset instructions. Following the reported sales, Stahlkopf beneficially owned 196,718.358 shares of Cisco common stock, including dividend equivalents on various deferred and restricted stock units, each equivalent to one share of Cisco common stock.

Insider Trade Summary

Net Seller: 164,604 shares ($12,815,109)

Net Sell 4 txns

Insider Stahlkopf Deborah L

Role EVP and Chief Legal Officer

Sold 164,604 shs ($12.82M)

Type	Security	Shares	Price	Value
Sale	Common Stock	20	$77.98	$2K
Sale	Common Stock	15,780	$76.5867	$1.21M
Sale	Common Stock	37,723	$77.3754	$2.92M
Sale	Common Stock	111,081	$78.1968	$8.69M

Holdings After Transaction: Common Stock — 196,718.358 shares (Direct)

Footnotes (1)

1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on November 15, 2024. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $75.92 to $76.91. 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 1,774.538 dividend equivalents accrued on vested deferred restricted stock units, 874.039 dividend equivalents accrued on unvested deferred restricted stock units and 3,051.816 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 $76.92 to $77.91. 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 $77.92 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^*

Stahlkopf Deborah L

(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 and Chief Legal Officer

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)		15,780	D	$76.5867(2)	345,542.358(3)	D
Common Stock	11/14/2025		S(1)		37,723	D	$77.3754(4)	307,819.358	D
Common Stock	11/14/2025		S(1)		111,081	D	$78.1968(5)	196,738.358	D
Common Stock	11/17/2025		S(1)		20	D	$77.98	196,718.358	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. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on November 15, 2024.

2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $75.92 to $76.91. 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 1,774.538 dividend equivalents accrued on vested deferred restricted stock units, 874.039 dividend equivalents accrued on unvested deferred restricted stock units and 3,051.816 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 $76.92 to $77.91. 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 $77.92 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/ Deborah L. Stahlkopf 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).
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