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

Rhea-AI Filing Summary

Oliver Tuszik, Executive Vice President, Global Sales at Cisco Systems, reported the withholding of 4,612.31 shares of Cisco common stock to satisfy tax liability arising from the partial settlement of five restricted stock unit (RSU) awards. The transaction is shown at a price of $71.79 and the report lists 156,615.69 shares beneficially owned by the reporting person following the transaction.

The filing also discloses 184 dividend equivalents accrued on unvested RSUs, which are each the economic equivalent of one share. The form states the shares were withheld specifically to pay taxes related to RSU settlement and identifies the transaction code and resulting share counts without indicating any additional dispositions or derivative activity.

Insights

Financial Analyst

TL;DR: Officer withheld 4,612.31 shares to cover RSU taxes; remaining beneficial ownership stays at 156,615.69 shares.

The reported transaction is a tax-withholding event tied to the partial settlement of five RSUs, not an open-market sale. Withholding of 4,612.31 shares at $71.79 reduced the reporting person’s direct share count to 156,615.69. The filing lists no derivative transactions and notes 184 dividend equivalents on unvested RSUs. For investors, this is an administrative adjustment of outstanding direct shares rather than a signal of strategic disposition or liquidity-driven selling.

Corporate Governance Expert

TL;DR: Routine RSU tax-withholding recorded; ownership disclosure remains intact with modest share reduction.

The Form 4 documents a standard tax-withholding mechanism where shares are withheld upon partial RSU settlement. The explanatory note explicitly ties the 4,612.31 shares to tax payments from five RSU awards and confirms 184 dividend equivalents on unvested units. There is no separate disclosure of option exercises, sales, or transfers, and no derivative holdings reported. From a governance perspective, this is a routine administrative filing that updates beneficial ownership figures.

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

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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^*

Tuszik Oliver

(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, Global Sales

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2025

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	08/10/2025		F		4,612.31(1)	D	$71.79	156,615.69(2)	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 five (5) restricted stock unit awards originally reported by the reporting person in a Form 3/A filed with the Commission on May 23, 2025.

2. Includes 184 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Remarks:

	/s/ Oliver Tuszik by Jay Higdon, Attorney-in-Fact	08/12/2025
	** 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 transaction did Oliver Tuszik report on the Form 4 for CSCO?

The filing reports the withholding of 4,612.31 Cisco common shares to satisfy tax liability from the partial settlement of five RSU awards.

At what price were the withheld shares reported?

The shares were reported at a price of $71.79.

How many shares does the reporting person beneficially own after the transaction?

The Form 4 shows 156,615.69 shares beneficially owned following the reported transaction.

Does the filing show any derivative securities or option activity?

No. Table II for derivative securities contains no entries; the filing shows only the non-derivative withholding transaction.

What are the 184 dividend equivalents mentioned in the filing?

The filing states there are 184 dividend equivalents accrued on unvested RSUs, each representing the economic equivalent of one share of Cisco common stock.