[Form 4] Cisco Systems, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Maria Victoria Wong, Senior Vice President & Chief Accounting Officer of Cisco Systems, reported two transactions in common stock on 09/10/2025 and 09/11/2025. On 09/10/2025 421.43 shares were withheld to cover taxes from the partial settlement of a restricted stock unit award at an indicated price of $67.34, leaving 31,046.74 shares beneficially owned. On 09/11/2025 she sold 428 shares under a Rule 10b5-1 trading plan at $68.25, reducing her reported holdings to 30,618.74 shares. The Form 4 was signed by an attorney-in-fact on 09/11/2025 and notes the 10b5-1 plan was adopted on 02/26/2025.

Positive

• Sale executed under Rule 10b5-1 plan, indicating preplanned, compliant insider trading (plan adopted 02/26/2025)
• Tax withholding disclosed for RSU settlement, clarifying the nature of the 09/10/2025 share reduction

Negative

• Reduction in beneficial ownership from 31,046.74 to 30,618.74 shares following the transactions

Insights

Financial Analyst

TL;DR: Routine insider tax-related share withholding and a small Rule 10b5-1 sale; transaction sizes are immaterial to company valuation.

The reporting person executed a common pattern of restricted stock settlement with tax withholding followed by a sale under a pre-existing Rule 10b5-1 plan. Combined activity (~849.43 shares) represents a modest portion of the officer's total reported holdings (≈30.6k shares) and is unlikely to affect market perception or valuation materially. Pricing shows execution around mid-$60s per share, consistent across the two dates. No derivatives or other compensatory arrangements are newly reported.

Corporate Governance Expert

TL;DR: Disclosure follows governance best practices: tax withholding disclosed and sale executed under an established 10b5-1 plan.

The Form 4 clearly identifies the nature of the withheld shares as tax payment from a previously reported RSU and discloses the Rule 10b5-1 plan adoption date, supporting compliance and affirmative defense documentation. Sign-off by an attorney-in-fact is noted. There are no indications of opportunistic or ad-hoc insider selling beyond the structured plan; therefore, governance controls appear to have operated as intended.

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^*

Wong Maria Victoria

(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)
	SVP & Chief Acctg Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

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	09/10/2025		F		421.43(1)	D	$67.34	31,046.74	D
Common Stock	09/11/2025		S(2)		428	D	$68.25	30,618.74	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 of the partial settlement of a restricted stock unit award originally reported by the reporting person in a Form 3 filed with the Commission on August 4, 2023.

2. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on February 26, 2025.

Remarks:

	/s/ Maria Victoria Wong by Jay Higdon, Attorney-in-Fact	09/11/2025
	** 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

What transactions did Maria Victoria Wong report on Form 4 for CSCO?

She reported 421.43 shares withheld for tax payment on 09/10/2025 and a sale of 428 shares on 09/11/2025 under a 10b5-1 plan.

How many Cisco shares does Wong beneficially own after these transactions?

The Form 4 reports 30,618.74 shares beneficially owned following the 09/11/2025 sale.

At what prices were the transactions reported?

The tax-withheld shares were recorded at $67.34 and the sale under the 10b5-1 plan occurred at $68.25.

Was the sale part of a pre-established trading plan?

Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 plan adopted on 02/26/2025.

Does the Form 4 disclose the reason for the withheld shares?

Yes. The filing explains the 421.43 shares were withheld to pay tax liability from a partial RSU settlement originally reported in a Form 3 on 08/04/2023.