Cisco director receives 274-share stock grant

Cisco director Marianna Tessel received fully vested stock in lieu of board cash fees, bringing her direct holdings to about 37.8 thousand shares.

Rhea-AI Filing Summary

CISCO SYSTEMS, INC. (symbol: CSCO) is the issuer of record for a Form 4 filing submitted to the SEC. Tessel Marianna reported acquisition or exercise transactions in this Form 4 filing.

CISCO SYSTEMS, INC. (CSCO) reported that director Marianna Tessel received a grant of 274 shares of common stock on September 15, 2026 as a stock award in lieu of cash retainer fees, fully vested on the grant date. Following this award, she directly holds 37,830.572 shares of Cisco common stock, including 2,938.572 dividend equivalents accrued on vested deferred restricted stock units. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Grant/Award: 274 shares

Grant/Award 1 txn

Insider Tessel Marianna

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	274	$110.07	$30K

Holdings After Transaction: Common Stock — 37,830.572 shares (Direct)

Footnotes (2)

1. F1. Represents a stock award covering shares in lieu of the reporting person's cash retainer fees, which is fully vested on the date of grant.
2. F2. Includes 2,938.572 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Key Figures

Shares granted: 274 shares Grant reference price: $110.07 per share Shares owned after transaction: 37,830.572 shares +2 more

5 metrics

Shares granted 274 shares Stock award in lieu of cash retainer fees on September 15, 2026

Grant reference price $110.07 per share Value reported for the 274-share stock award

Shares owned after transaction 37,830.572 shares Director Marianna Tessel’s direct Cisco common stock holdings after the grant

Dividend equivalents included 2,938.572 dividend equivalents Accrued on vested deferred restricted stock units, each equal economically to one share

Transaction type Grant, award, or other acquisition Code A non-derivative acquisition of Cisco common stock

Key Terms

dividend equivalents, deferred restricted stock units, cash retainer fees, fully vested

4 terms

dividend equivalents financial

"Includes 2,938.572 dividend equivalents accrued on vested deferred 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.

deferred restricted stock units financial

"dividend equivalents accrued on vested deferred restricted stock units."

Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.

cash retainer fees financial

"stock award covering shares in lieu of the reporting person's cash retainer fees"

fully vested financial

"which is fully vested on the date of grant."

FAQ

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

What transaction did Cisco Systems (CSCO) report for director Marianna Tessel?

Cisco reported that Marianna Tessel received a grant of 274 shares of common stock on September 15, 2026 as a stock award in lieu of her cash retainer fees, which was fully vested on the grant date.

How many Cisco (CSCO) shares does Marianna Tessel hold after this Form 4 transaction?

After the reported grant, Marianna Tessel directly holds 37,830.572 shares of Cisco common stock. This total includes 2,938.572 dividend equivalents accrued on vested deferred restricted stock units, with each dividend equivalent economically equal to one share.

Was the Cisco (CSCO) stock grant to Marianna Tessel part of her board compensation?

Yes. The Form 4 states the 274-share award represents a stock award covering shares in lieu of the reporting person's cash retainer fees, and it was fully vested on the date of grant.

What was the reference price per share for Marianna Tessel’s Cisco (CSCO) stock award?

The Form 4 reports a value of $110.07 per share for the 274-share stock award granted to Marianna Tessel on September 15, 2026, recorded as a grant, award, or other acquisition of Cisco common stock.

Does the Form 4 for Cisco (CSCO) indicate a Rule 10b5-1 trading plan for this transaction?

No. The filing’s Rule 10b5-1 indicator is unchecked, and there is no footnote stating that the September 15, 2026 stock award to Marianna Tessel was made pursuant to a Rule 10b5-1 trading plan.

Are Marianna Tessel’s Cisco (CSCO) holdings direct or indirect after this grant?

The Form 4 reports her post-transaction ownership of 37,830.572 shares as direct ownership of Cisco common stock, with no nature-of-ownership qualifier beyond direct ownership and no indirect holding entity described.

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

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Available on EDGAR 09/17/2026 - 04:40 PM Accepted by SEC EDGAR 09/17/2026 - 04:39 PM Learn about SEC filing dates

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^*

Tessel Marianna

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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	09/15/2026		A		274(1)	A	$110.07	37,830.572(2)	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. Represents a stock award covering shares in lieu of the reporting person's cash retainer fees, which is fully vested on the date of grant.

2. Includes 2,938.572 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Remarks:

	/s/ Marianna Tessel by Jeremy Erickson, Attorney-in-Fact	09/17/2026
	** 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)