Cisco Systems Director Receives Deferred Stock Unit Grant

Executive Summary

On October 13, 2026, Cisco Systems, Inc. filed a Form 4 reporting an equity award to Director Girish D. Rishi. The transaction, executed on October 9, 2026, comprised an acquisition of 419 shares of common stock at an acquisition price of $0.00 per share.

Transaction Details

• Security: Common Stock
• Transaction Code: 'A' (Grant, award, or other acquisition)
• Shares Acquired: 419 shares
• Transaction Price: $0.00 per share
• Post-Transaction Direct Holdings: 419 shares
• Nature of Award: According to the filing footnotes, the 419 shares represent a fully vested deferred restricted stock unit award that will settle in shares upon or shortly following the director's separation from service under Section 409A of the Internal Revenue Code.

Market and Sentiment Impact

This filing reflects standard director compensation through equity-based grants rather than open-market buying or selling activity. Because this is a scheduled equity award under the company's non-employee director compensation program and involves no discretionary capital outlay, it carries low trading significance and provides neutral signaling for Cisco Systems' common stock.