Cisco EVP & CFO reports November 2025 insider stock sales

Rhea-AI Filing Summary

Cisco Systems EVP and CFO Mark Patterson reported open-market sales of Cisco common stock. On 11/18/2025, he sold 48,632 shares at a weighted average price of $77.1636 per share and an additional 20,284 shares at a weighted average price of $77.6267 per share. Both transactions are coded as sales and were executed under a Rule 10b5-1 trading plan adopted on December 11, 2024, which is designed to pre-arrange trades. After these sales, he beneficially owned 208,896.684 shares of Cisco common stock, which include 520.165 dividend equivalents tied to unvested restricted stock units.

Insider Trade Summary

Net Seller: 68,916 shares ($5,327,200)

Net Sell 2 txns

Insider Patterson Mark

Role EVP and CFO

Sold 68,916 shs ($5.33M)

Type	Security	Shares	Price	Value
Sale	Common Stock	48,632	$77.1636	$3.75M
Sale	Common Stock	20,284	$77.6267	$1.57M

Holdings After Transaction: Common Stock — 229,180.684 shares (Direct)

Footnotes (1)

1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 11, 2024. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $76.48 to $77.47. 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 520.165 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 $77.48 to $78.18. 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^*

Patterson Mark

(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 CFO

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

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	11/18/2025		S(1)		48,632	D	$77.1636(2)	229,180.684(3)	D
Common Stock	11/18/2025		S(1)		20,284	D	$77.6267(4)	208,896.684	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 December 11, 2024.

2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $76.48 to $77.47. 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 520.165 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 $77.48 to $78.18. 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/ Mark Patterson by Jay Higdon, Attorney-in-Fact	11/20/2025
	** 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 insider transaction did Cisco (CSCO) report for its CFO?

Cisco reported that EVP and CFO Mark Patterson sold Cisco common stock in two open-market transactions on 11/18/2025, both coded as sales.

How many Cisco (CSCO) shares did the CFO sell and at what prices?

He sold 48,632 shares at a weighted average price of $77.1636 and 20,284 shares at a weighted average price of $77.6267 per share.

Was the Cisco (CSCO) CFO’s stock sale under a Rule 10b5-1 plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 11, 2024.

How many Cisco (CSCO) shares does the CFO own after these transactions?

After the reported sales, the CFO beneficially owned 208,896.684 shares of Cisco common stock.

What are the dividend equivalents mentioned in the Cisco (CSCO) Form 4?

The reported holdings include 520.165 dividend equivalents accrued on unvested restricted stock units, each economically equivalent to one Cisco common share.

What does a weighted average sales price mean in this Cisco (CSCO) insider trade?

The weighted average prices reflect that shares were sold in multiple transactions within price ranges of $76.48–$77.47 and $77.48–$78.18, averaged by volume.