Cisco (CSCO) EVP Operations reports planned stock sales in Form 4

Rhea-AI Filing Summary

Cisco Systems (CSCO) reported insider share sales by its EVP, Operations. On 11/19/2025, the executive sold 16,062 and 39,976 shares of Cisco common stock in two transactions coded as sales. The trades were made under a Rule 10b5-1 trading plan adopted on March 18, 2025, which is designed to pre-schedule trades. The weighted average sale prices were $77.9026 per share (with individual trades from $77.25 to $78.24) and $78.4969 per share (with trades from $78.25 to $78.89).

After these transactions, the reporting person beneficially owns 179,779.604 Cisco shares, including 2,752.958 dividend equivalents tied to unvested restricted stock units, where each equivalent represents the economic value of one Cisco share.

Insider Trade Summary

Net Seller: 56,038 shares ($4,389,264)

Net Sell 2 txns

Insider Subaiya Thimaya K.

Role EVP, Operations

Sold 56,038 shs ($4.39M)

Type	Security	Shares	Price	Value
Sale	Common Stock	16,062	$77.9026	$1.25M
Sale	Common Stock	39,976	$78.4969	$3.14M

Holdings After Transaction: Common Stock — 219,755.604 shares (Direct)

Footnotes (1)

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 $77.25 to $78.24. 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 2,752.958 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 $78.25 to $78.89. 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^*

Subaiya Thimaya K.

(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, Operations

3. Date of Earliest Transaction (Month/Day/Year)
11/19/2025

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	11/19/2025		S(1)		16,062	D	$77.9026(2)	219,755.604(3)	D
Common Stock	11/19/2025		S(1)		39,976	D	$78.4969(4)	179,779.604	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 18, 2025.

2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $77.25 to $78.24. 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 2,752.958 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 $78.25 to $78.89. 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/ Thimaya K. Subaiya by Jay Higdon, Attorney-in-Fact	11/20/2025
	** 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.

FAQ

What insider transaction did Cisco Systems (CSCO) report in this Form 4?

The filing reports that Cisco's EVP, Operations sold 16,062 and 39,976 shares of Cisco common stock on 11/19/2025 in two separate sale transactions.

At what prices did the Cisco (CSCO) EVP sell shares on 11/19/2025?

The weighted average sale prices were $77.9026 per share for 16,062 shares (individual trades from $77.25 to $78.24) and $78.4969 per share for 39,976 shares (trades from $78.25 to $78.89).

How many Cisco (CSCO) shares does the reporting person beneficially own after the Form 4 transactions?

After the reported sales, the executive beneficially owns 179,779.604 Cisco shares, including 2,752.958 dividend equivalents related to unvested restricted stock units.

Was the Cisco (CSCO) insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states the transaction was effected under a Rule 10b5-1 plan adopted by the reporting person on March 18, 2025.

What do the dividend equivalents in the Cisco (CSCO) Form 4 represent?

The Form 4 explains that the 2,752.958 dividend equivalents are accrued on unvested restricted stock units and each is the economic equivalent of one share of Cisco common stock.

What role does the reporting person hold at Cisco Systems (CSCO)?

The reporting person is identified as an Officer of Cisco with the title EVP, Operations.