Cisco Executive Stock Sale: CFO Herren Reduces Holdings at $65+ Per Share

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Cisco Systems EVP and CFO Richard Scott Herren reported insider trading activity through Form 4 filings on June 28, 2025. The transactions were executed according to a pre-established Rule 10b5-1 trading plan adopted on March 18, 2025.

Key transaction details:

Sold 15,478 shares at a weighted average price of $65.5141 per share on June 17, 2025
Disposed of additional 200 shares at a weighted average price of $66.085 per share on the same day
Following these transactions, Herren maintains beneficial ownership of 309,542.953 shares held directly

The remaining position includes dividend equivalents from various restricted stock units: 6,242 from vested deferred RSUs, 891 from unvested deferred RSUs, and 8,997 from unvested RSUs. Each dividend equivalent represents one share of Cisco common stock.

Insider Trade Summary

Net Seller: 15,678 shares ($1,027,244)

Net Sell 2 txns

Insider Herren Richard Scott

Role EVP and CFO

Sold 15,678 shs ($1.03M)

Type	Security	Shares	Price	Value
Sale	Common Stock	15,478	$65.5141	$1.01M
Sale	Common Stock	200	$66.085	$13K

Holdings After Transaction: Common Stock — 309,742.953 shares (Direct)

Footnotes (1)

This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 18, 2025. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $65.05 to $66.04. 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 6,242 dividend equivalents accrued on vested deferred restricted stock units, 891 dividend equivalents accrued on unvested deferred restricted stock units, and 8,997 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 $66.05 to $66.12. 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 →

06/20/2025 - 04:50 PM

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^*

Herren Richard Scott

(Last)

(First)

(Middle)

170 WEST TASMAN DRIVE

(Street)

SAN JOSE

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)
06/17/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/17/2025		S⁽¹⁾		15,478	D	$65.5141⁽²⁾	309,742.953⁽³⁾	D
Common Stock	06/17/2025		S⁽¹⁾		200	D	$66.085⁽⁴⁾	309,542.953	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 18, 2025.

2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $65.05 to $66.04. 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 6,242 dividend equivalents accrued on vested deferred restricted stock units, 891 dividend equivalents accrued on unvested deferred restricted stock units, and 8,997 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 $66.05 to $66.12. 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/ Richard Scott Herren by Jay Higdon, Attorney-in-Fact	06/20/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many CSCO shares did CFO Richard Scott Herren sell on June 17, 2025?

CFO Richard Scott Herren sold a total of 15,678 shares of Cisco Systems (CSCO) on June 17, 2025, consisting of 15,478 shares at an average price of $65.5141 and 200 shares at an average price of $66.085.

What is the current CSCO stock ownership of CFO Richard Herren after the June 2025 transactions?

Following the reported transactions, Richard Herren beneficially owns 309,542.953 shares of Cisco Systems stock. This includes 6,242 dividend equivalents on vested deferred RSUs, 891 dividend equivalents on unvested deferred RSUs, and 8,997 dividend equivalents on unvested RSUs.

Was CSCO CFO Herren's June 2025 stock sale part of a 10b5-1 trading plan?

Yes, the stock sales were executed pursuant to a Rule 10b5-1 trading plan that was adopted by Richard Herren on March 18, 2025.

What was the price range of CSCO shares sold by CFO Herren in June 2025?

The shares were sold in multiple transactions at two price ranges: 15,478 shares were sold at prices ranging from $65.05 to $66.04, and 200 shares were sold at prices ranging from $66.05 to $66.12.