Cisco Systems' Patel acquires 112,512 award shares

Available on EDGAR 11/12/2026 - 07:51 PM EST Accepted by SEC EDGAR 11/12/2026 - 07:51 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Cisco Systems, Inc.'s President and CPO Jeetendra I. Patel acquired 112,512 common shares through settlement of a performance-based restricted stock unit (PRSU) award on November 10, 2026. The award settled after performance metrics were satisfied during its three-year performance period and included dividend equivalents.

On the same date, 84,525 shares were withheld for tax liability at $98.65 per share. The withholding related to the PRSU settlement, partial settlements of three previously reported restricted stock unit awards, and dividend-equivalent settlements. Patel also reported 200 common shares held indirectly by a trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Patel Jeetendra I

Role President and CPO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	112,512.077	$0.00	$0.00
Tax Withholding	Common Stock F3, F4	84,525.305	$98.65	$8.34M
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 398,797.716 shares (Direct); Common Stock — 200 shares (Indirect, By Trust)

Holdings Before and After: Common Stock, 370,810.944 to 398,797.716 shares (Direct)

Footnotes (4)

1. F1. Represents settlement of a performance-based restricted stock unit ("PRSU") award granted on September 21, 2023 resulting from the satisfaction of performance metrics during the three-year performance period and dividend equivalents accrued on such award.
2. F2. Includes 3,226.272 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
3. F3. Represents shares withheld for payment of tax liability arising as a result of the settlement of the PRSU award described in footnote 1, the partial settlement of three (3) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on May 20, 2025 and in a Form 4 filed with the Commission on September 18, 2025, the settlement of dividend equivalents accrued on the PRSU award described in footnote 1, and the partial settlement of dividend equivalents accrued on a restricted stock unit award.
4. F4. Includes 2,314.689 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Key Figures

PRSU shares acquired: 112,512 shares Shares withheld for tax liability: 84,525 shares Price per share: $98.65 per share +1 more

4 metrics

PRSU shares acquired 112,512 shares Award settlement on November 10, 2026

Shares withheld for tax liability 84,525 shares Withheld on November 10, 2026

Price per share $98.65 per share Shares withheld for tax liability

Shares held indirectly by trust 200 shares Common shares reported on November 10, 2026

Key Terms

performance-based restricted stock unit ("PRSU"), dividend equivalents

2 terms

performance-based restricted stock unit ("PRSU") financial

"settlement of a performance-based restricted stock unit ("PRSU") award"

dividend equivalents financial

"dividend equivalents accrued on unvested restricted stock units"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When was Jeetendra I. Patel's CSCO PRSU award granted?

The performance-based restricted stock unit award was granted on September 21, 2023. Patel's November 10, 2026 settlement followed satisfaction of performance metrics during the three-year performance period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Patel Jeetendra I

(Last) (First) (Middle)

170 WEST TASMAN DRIVE

(Street)

SAN JOSE CALIFORNIA 95134

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	President and CPO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	11/10/2026		A		112,512.077(1)	A	$0	483,323.021(2)	D
Common Stock	11/10/2026		F		84,525.305(3)	D	$98.65	398,797.716(4)	D
Common Stock								200	I	By Trust

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 settlement of a performance-based restricted stock unit ("PRSU") award granted on September 21, 2023 resulting from the satisfaction of performance metrics during the three-year performance period and dividend equivalents accrued on such award.

2. Includes 3,226.272 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

3. Represents shares withheld for payment of tax liability arising as a result of the settlement of the PRSU award described in footnote 1, the partial settlement of three (3) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on May 20, 2025 and in a Form 4 filed with the Commission on September 18, 2025, the settlement of dividend equivalents accrued on the PRSU award described in footnote 1, and the partial settlement of dividend equivalents accrued on a restricted stock unit award.

4. Includes 2,314.689 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Remarks:

	/s/ Jeetendra I. Patel by Jeremy Erickson, Attorney-in-Fact	11/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)