[Form 4] Cisco Systems, Inc. Insider Trading Activity
Deborah L. Stahlkopf, Executive Vice President and Chief Legal Officer of Cisco Systems, sold a total of 9,783 shares of Cisco common stock on 08/15/2025 under a pre-existing Rule 10b5-1 trading plan. The sales occurred in multiple transactions at prices ranging from $65.90 to $68.38 per share; the filing discloses weighted-average sale prices for each block. The reporting shows dividend equivalents credited on various restricted stock units were included in the shares sold. After these transactions the reporting person beneficially owned 161,662.413 shares of Cisco common stock, reported as direct ownership.
Deborah L. Stahlkopf, Vice President esecutivo e Chief Legal Officer di Cisco Systems, ha venduto complessivamente 9.783 azioni delle azioni ordinarie Cisco il 15/08/2025 nell'ambito di un piano di trading preesistente conforme alla Regola 10b5-1. Le vendite sono state effettuate in pi霉 operazioni a prezzi compresi tra $65,90 e $68,38 per azione; il filing indica il prezzo medio ponderato di vendita per ciascun blocco. La dichiarazione segnala che equivalenti di dividendo accreditati su varie restricted stock unit sono stati inclusi nelle azioni vendute. Dopo queste operazioni la persona segnalante deteneva beneficiariamente 161.662,413 azioni ordinarie Cisco, riportate come propriet脿 diretta.
Deborah L. Stahlkopf, vicepresidenta ejecutiva y Chief Legal Officer de Cisco Systems, vendi贸 un total de 9.783 acciones de acciones ordinarias de Cisco el 15/08/2025 bajo un plan de negociaci贸n 10b5-1 preexistente. Las ventas se realizaron en m煤ltiples transacciones a precios que oscilaron entre $65,90 y $68,38 por acci贸n; la presentaci贸n revela los precios de venta ponderados por bloque. El informe indica que equivalentes de dividendo acreditados en varias unidades restringidas de acciones se incluyeron en las acciones vendidas. Tras estas operaciones, la persona informante pose铆a beneficiariamente 161.662,413 acciones ordinarias de Cisco, registradas como propiedad directa.
Deborah L. Stahlkopf, Cisco Systems鞚� 靾橃劃攵�靷灔 瓴� 斓滉碃氩曤毂呾瀯鞛�(Chief Legal Officer)電� 2025-08-15鞐� 旮办〈鞚� Rule 10b5-1 瓯半灅 瓿勴殟鞐� 霐半澕 Cisco 氤错喌欤� 齑� 9,783欤�毳� 毵り皝頄堨姷雼堧嫟. 毵り皝鞚� 鞐煬 瓯挫溂搿� 鞚措（鞏挫鞙茧┌ 欤茧嫻 $65.90鞐愳劀 $68.38 靷澊鞚� 臧�瓴╇寑鞐愳劀 鞁ろ枆霅橃棃瓿�, 鞝滌稖靹滊鞐愲姅 臧� 敫旊氤� 臧�欷戫弶攴� 毵り皝臧�瓴╈澊 瓿店皽霅橃柎 鞛堨姷雼堧嫟. 氤搓碃靹滌棎電� 雼れ枒頃� 鞝滍暅攵� 欤检嫕雼渼(restricted stock units)鞐� 雽�頃� 鞝侂霅� 氚半嫻 靸侅潙鞎§澊 毵り皝霅� 欤检嫕鞐� 韽暔霅橃棃雼り碃 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞚措煬頃� 瓯半灅 鞚错泟 氤搓碃鞛愲姅 歆侅爲 靻岇湢搿滌劀 Cisco 氤错喌欤� 161,662.413欤�毳� 鞁れ 靻岇湢頃橁碃 鞛堨棃鞀惦媹雼�.
Deborah L. Stahlkopf, vice-pr茅sidente ex茅cutive et Chief Legal Officer de Cisco Systems, a vendu au total 9 783 actions ordinaires Cisco le 15/08/2025 dans le cadre d'un plan de n茅gociation 10b5-1 pr茅existant. Les ventes ont eu lieu en plusieurs transactions 脿 des prix allant de 65,90 $ 脿 68,38 $ par action ; le d茅p么t divulgue les prix de vente moyens pond茅r茅s pour chaque lot. Le rapport indique que des 茅quivalents de dividendes cr茅dit茅s sur diverses unit茅s d'actions restreintes ont 茅t茅 inclus dans les actions vendues. Apr猫s ces op茅rations, la personne d茅clarante d茅tenait b茅n茅ficiairement 161 662,413 actions ordinaires Cisco, d茅clar茅es en propri茅t茅 directe.
Deborah L. Stahlkopf, Executive Vice President und Chief Legal Officer von Cisco Systems, verkaufte am 15.08.2025 insgesamt 9.783 Aktien von Cisco-Stammaktien im Rahmen eines bereits bestehenden Rule-10b5-1-Handelsplans. Die Verk盲ufe erfolgten in mehreren Transaktionen zu Preisen zwischen $65,90 und $68,38 je Aktie; die Meldung gibt die gewichteten durchschnittlichen Verkaufspreise f眉r die jeweiligen Bl枚cke an. Aus der Meldung geht hervor, dass Dividenden盲quivalente, die verschiedenen Restricted Stock Units gutgeschrieben wurden, in den verkauften Aktien enthalten waren. Nach diesen Transaktionen hielt die meldende Person wirtschaftlich 161.662,413 Aktien von Cisco-Stammaktien, angegeben als Direktbesitz.
- Sales executed under a Rule 10b5-1 plan, adopted November 15, 2024, which provides an affirmative defense and indicates preplanned transactions
- Full disclosure of dividend equivalents included in the sold shares (1,412 + 991 + 4,851) improves transparency about share composition
- Reporting person retained substantial holdings after transactions: 161,662.413 shares beneficially owned
- Total of 9,783 shares sold on 08/15/2025, which reduced direct holdings reported in this filing
- Sales occurred at prices spanning $65.90 to $68.38, indicating multiple executed trades rather than a single block sale
Insights
TL;DR: Insider sales executed under a 10b5-1 plan reduce holdings but followed an established trading plan, indicating a prearranged and compliant disposition.
The filing shows the reporting person utilized a Rule 10b5-1 plan adopted November 15, 2024, to effect sales totaling 9,783 shares on August 15, 2025. Use of a documented 10b5-1 plan is a governance-positive practice because it provides an affirmative defense to insider trading claims and signals transactions were preplanned rather than opportunistic. The disclosure of dividend equivalents included in the sold shares improves transparency. The transactions are routine for executive equity management and do not, by themselves, demonstrate changes in company strategy or governance.
TL;DR: The filing records modest insider sales that slightly reduced direct holdings; impact on valuation or market view is likely minimal.
The report details three sale blocks (6,183; 3,400; 200 shares) at weighted-average prices within a $65.90鈥�$68.38 range, resulting in a final reported direct beneficial ownership of 161,662.413 shares. The inclusion of dividend equivalents from vested and unvested restricted stock units is explicitly disclosed, clarifying the composition of shares sold. Given the absolute size of sales relative to the reported post-transaction ownership, these disposals appear limited in scale and were executed under a preapproved plan, implying low informational content for investors about Cisco's fundamentals.
Deborah L. Stahlkopf, Vice President esecutivo e Chief Legal Officer di Cisco Systems, ha venduto complessivamente 9.783 azioni delle azioni ordinarie Cisco il 15/08/2025 nell'ambito di un piano di trading preesistente conforme alla Regola 10b5-1. Le vendite sono state effettuate in pi霉 operazioni a prezzi compresi tra $65,90 e $68,38 per azione; il filing indica il prezzo medio ponderato di vendita per ciascun blocco. La dichiarazione segnala che equivalenti di dividendo accreditati su varie restricted stock unit sono stati inclusi nelle azioni vendute. Dopo queste operazioni la persona segnalante deteneva beneficiariamente 161.662,413 azioni ordinarie Cisco, riportate come propriet脿 diretta.
Deborah L. Stahlkopf, vicepresidenta ejecutiva y Chief Legal Officer de Cisco Systems, vendi贸 un total de 9.783 acciones de acciones ordinarias de Cisco el 15/08/2025 bajo un plan de negociaci贸n 10b5-1 preexistente. Las ventas se realizaron en m煤ltiples transacciones a precios que oscilaron entre $65,90 y $68,38 por acci贸n; la presentaci贸n revela los precios de venta ponderados por bloque. El informe indica que equivalentes de dividendo acreditados en varias unidades restringidas de acciones se incluyeron en las acciones vendidas. Tras estas operaciones, la persona informante pose铆a beneficiariamente 161.662,413 acciones ordinarias de Cisco, registradas como propiedad directa.
Deborah L. Stahlkopf, Cisco Systems鞚� 靾橃劃攵�靷灔 瓴� 斓滉碃氩曤毂呾瀯鞛�(Chief Legal Officer)電� 2025-08-15鞐� 旮办〈鞚� Rule 10b5-1 瓯半灅 瓿勴殟鞐� 霐半澕 Cisco 氤错喌欤� 齑� 9,783欤�毳� 毵り皝頄堨姷雼堧嫟. 毵り皝鞚� 鞐煬 瓯挫溂搿� 鞚措（鞏挫鞙茧┌ 欤茧嫻 $65.90鞐愳劀 $68.38 靷澊鞚� 臧�瓴╇寑鞐愳劀 鞁ろ枆霅橃棃瓿�, 鞝滌稖靹滊鞐愲姅 臧� 敫旊氤� 臧�欷戫弶攴� 毵り皝臧�瓴╈澊 瓿店皽霅橃柎 鞛堨姷雼堧嫟. 氤搓碃靹滌棎電� 雼れ枒頃� 鞝滍暅攵� 欤检嫕雼渼(restricted stock units)鞐� 雽�頃� 鞝侂霅� 氚半嫻 靸侅潙鞎§澊 毵り皝霅� 欤检嫕鞐� 韽暔霅橃棃雼り碃 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞚措煬頃� 瓯半灅 鞚错泟 氤搓碃鞛愲姅 歆侅爲 靻岇湢搿滌劀 Cisco 氤错喌欤� 161,662.413欤�毳� 鞁れ 靻岇湢頃橁碃 鞛堨棃鞀惦媹雼�.
Deborah L. Stahlkopf, vice-pr茅sidente ex茅cutive et Chief Legal Officer de Cisco Systems, a vendu au total 9 783 actions ordinaires Cisco le 15/08/2025 dans le cadre d'un plan de n茅gociation 10b5-1 pr茅existant. Les ventes ont eu lieu en plusieurs transactions 脿 des prix allant de 65,90 $ 脿 68,38 $ par action ; le d茅p么t divulgue les prix de vente moyens pond茅r茅s pour chaque lot. Le rapport indique que des 茅quivalents de dividendes cr茅dit茅s sur diverses unit茅s d'actions restreintes ont 茅t茅 inclus dans les actions vendues. Apr猫s ces op茅rations, la personne d茅clarante d茅tenait b茅n茅ficiairement 161 662,413 actions ordinaires Cisco, d茅clar茅es en propri茅t茅 directe.
Deborah L. Stahlkopf, Executive Vice President und Chief Legal Officer von Cisco Systems, verkaufte am 15.08.2025 insgesamt 9.783 Aktien von Cisco-Stammaktien im Rahmen eines bereits bestehenden Rule-10b5-1-Handelsplans. Die Verk盲ufe erfolgten in mehreren Transaktionen zu Preisen zwischen $65,90 und $68,38 je Aktie; die Meldung gibt die gewichteten durchschnittlichen Verkaufspreise f眉r die jeweiligen Bl枚cke an. Aus der Meldung geht hervor, dass Dividenden盲quivalente, die verschiedenen Restricted Stock Units gutgeschrieben wurden, in den verkauften Aktien enthalten waren. Nach diesen Transaktionen hielt die meldende Person wirtschaftlich 161.662,413 Aktien von Cisco-Stammaktien, angegeben als Direktbesitz.
FAQ
What did Cisco insider Deborah L. Stahlkopf sell on 08/15/2025 (CSCO)?
Were the sales by the Cisco insider part of a trading plan?
What prices were the Cisco shares sold at in the Form 4?
How many shares did the reporting person own after the reported transactions?
Did the filing disclose dividend equivalents related to the sold shares?
