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CSCO Form 4: Cisco CEO Charles Robbins reports stock sales

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Cisco Systems (CSCO) Chair and CEO Charles Robbins reported open-market sales of Cisco common stock under a pre-arranged Rule 10b5-1 trading plan adopted on March 6, 2025. On November 14, 2025, he sold several blocks of shares at weighted average prices of $76.5841, $77.3677, and $78.1955 per share. On November 17, 2025, additional shares were sold at weighted average prices of $77.8286 and $78.9548, followed by further sales on November 18, 2025 at weighted average prices of $77.1658 and $77.6306. After these transactions, Robbins beneficially owned 704,153.086 Cisco shares, which include dividend equivalents tied to restricted stock units.

Positive

  • None.

Negative

  • None.
Insider Robbins Charles
Role Chair and CEO
Sold 602,432 shs ($46.97M)
Type Security Shares Price Value
Sale Common Stock 82,742 $77.1658 $6.38M
Sale Common Stock 33,992 $77.6306 $2.64M
Sale Common Stock 150,546 $77.8286 $11.72M
Sale Common Stock 131,314 $78.9548 $10.37M
Sale Common Stock 20,890 $76.5841 $1.60M
Sale Common Stock 51,028 $77.3677 $3.95M
Sale Common Stock 131,920 $78.1955 $10.32M
Holdings After Transaction: Common Stock — 738,145.086 shares (Direct)
Footnotes (1)
  1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 6, 2025 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $75.91 to $76.90. 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 48,690.524 dividend equivalents accrued on vested deferred restricted stock units and 10,411.207 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 $76.91 to $77.90. 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. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $77.91 to $78.64. 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. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $77.48 to $78.47. 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. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $78.48 to $79.37. 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. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $76.49 to $77.48. 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. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $77.49 to $78.19. 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*
Robbins Charles
(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chair and CEO
3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025
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 11/14/2025 S(1) 20,890 D $76.5841(2) 1,285,695.086(3) D
Common Stock 11/14/2025 S(1) 51,028 D $77.3677(4) 1,234,667.086 D
Common Stock 11/14/2025 S(1) 131,920 D $78.1955(5) 1,102,747.086 D
Common Stock 11/17/2025 S(1) 150,546 D $77.8286(6) 952,201.086 D
Common Stock 11/17/2025 S(1) 131,314 D $78.9548(7) 820,887.086 D
Common Stock 11/18/2025 S(1) 82,742 D $77.1658(8) 738,145.086 D
Common Stock 11/18/2025 S(1) 33,992 D $77.6306(9) 704,153.086 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 March 6, 2025
2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $75.91 to $76.90. 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 48,690.524 dividend equivalents accrued on vested deferred restricted stock units and 10,411.207 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 $76.91 to $77.90. 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.
5. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $77.91 to $78.64. 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.
6. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $77.48 to $78.47. 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.
7. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $78.48 to $79.37. 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.
8. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $76.49 to $77.48. 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.
9. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $77.49 to $78.19. 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/ Charles Robbins by Jay Higdon, Attorney-in-Fact 11/18/2025
** 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

What did Cisco (CSCO) CEO Charles Robbins report in this Form 4 filing?

He reported multiple open-market sales of Cisco common stock executed on November 14, 17, and 18, 2025, and disclosed his updated beneficial ownership after these transactions.

Were Charles Robbins' CSCO stock sales made under a Rule 10b5-1 plan?

Yes. The filing states that the transactions were effected under a Rule 10b5-1 trading plan that Robbins adopted on March 6, 2025.

What prices did Charles Robbins receive for the Cisco (CSCO) shares sold?

The reported sales were at weighted average prices of $76.5841, $77.3677, $78.1955, $77.8286, $78.9548, $77.1658, and $77.6306 per share, with each price representing multiple trades within specified ranges.

How many Cisco (CSCO) shares does Charles Robbins own after the reported transactions?

After the reported sales, Charles Robbins beneficially owned 704,153.086 shares of Cisco common stock. This figure includes dividend equivalents accrued on both vested and unvested restricted stock units.

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

The filing notes that Robbins' holdings include 48,690.524 dividend equivalents on vested deferred restricted stock units and 10,411.207 dividend equivalents on unvested restricted stock units, each equivalent to one Cisco share economically.

How are the sales price ranges for Charles Robbins' CSCO trades described?

Each weighted average sale price reflects multiple transactions within a range, such as $75.91 to $76.90, $76.91 to $77.90, and other specified ranges up to $79.37. Detailed trade breakdowns are available from the issuer or Robbins upon request.