[Form 4] CISCO SYSTEMS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Oliver Tuszik, Executive Vice President, Global Sales at Cisco Systems, reported sales of Cisco common stock executed on 09/19/2025 under a Rule 10b5-1 plan adopted on June 20, 2025. The filings show two disposition entries: 14,200 shares sold at a weighted-average price within the range $67.21–$68.20 (reported weighted average $67.837) and 3,326 shares sold at a weighted-average price within the range $68.21–$68.92 (reported weighted average $68.4167). The reported amounts include 184.93 dividend equivalents tied to unvested restricted stock units. The form was signed by Attorney-in-Fact on 09/22/2025.

Insights

Securities Compliance Analyst

TL;DR: Insider sales were preplanned under a 10b5-1 trading plan; disclosure reduces suspicious timing concerns but still merits monitoring.

The Form 4 discloses planned dispositions by an executive under a 10b5-1 plan adopted June 20, 2025, which provides the reporting person an affirmative defense to insider trading claims for trades made pursuant to the plan. The filing lists weighted-average prices and a price range for multiple transactions, and clarifies inclusion of dividend equivalents. From a compliance perspective, timely disclosure and referencing the 10b5-1 plan are positive controls; the transaction sizes are modest relative to a large-cap issuer.

Corporate Finance Analyst

TL;DR: Executive sold roughly 17,526 shares in total at mid-$60s prices; sales appear routine and likely not material to Cisco's financials.

The report shows aggregate dispositions of 17,526 shares with reported aggregate consideration of about $401,035. The inclusion of 184.93 dividend equivalents indicates part of the amount relates to economic settlements on unvested RSUs. There is no indication of option exercises or derivative activity. For investors, these are standard insider liquidity events and are not presented as company-impacting transactions.

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^*

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)
09/19/2025

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	09/19/2025		S(1)		14,200	D	$67.837(2)	202,180.62(3)	D
Common Stock	09/19/2025		S(1)		3,326	D	$68.4167(4)	198,854.62	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 June 20, 2025.

2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $67.21 to $68.20. 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 184.93 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 $68.21 to $68.92. 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/ Oliver Tuszik by Jay Higdon, Attorney-in-Fact	09/22/2025
	** 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.
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FAQ

Who filed this Form 4 for CSCO and what is their role?

The reporting person is Oliver Tuszik, Executive Vice President, Global Sales at Cisco Systems.

When were the shares sold and under what plan?

Shares were sold on 09/19/2025 pursuant to a Rule 10b5-1 plan adopted on June 20, 2025.

How many shares were sold and what were the price ranges?

Two dispositions: 14,200 shares sold at prices ranging $67.21–$68.20 and 3,326 shares sold at prices ranging $68.21–$68.92.

Does the filing include dividend equivalents or unvested awards?

Yes. The filing notes 184.93 dividend equivalents accrued on unvested restricted stock units, treated as economic equivalents of shares.

Who signed the Form 4 and when?

The Form 4 was signed by /s/ Oliver Tuszik by Jay Higdon, Attorney-in-Fact on 09/22/2025.