Ciena Corp President & CEO Gary B. Smith Sells $1.07M in Stock Under 10b5-1 Plan
CIENA CORP
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Filing Summary
Ciena Corp ($CIEN) Form 4 Insider Sale • Insider: Gary B. Smith (President, CEO & Director) • Transaction: Sold 2,952 shares @ $362.90 ($1,071,277.85) • Ownership Post-Trade: 243,078 shares (Direct) • Plan: Rule 10b5-1 dated 10/04/2025 • Date: 2026-09-01
Comprehensive Analysis
Insider Transaction Overview
On September 1, 2026, Gary B. Smith, President and Chief Executive Officer of Ciena Corp ($CIEN), executed an open-market sale of 2,952 shares of common stock at a weighted average price of $362.899 per share, generating gross proceeds of approximately $1.07 million.
Key Highlights
- 10b5-1 Trading Plan: The transaction was executed under a pre-established Rule 10b5-1 trading plan adopted on October 4, 2025.
- Remaining Holdings: Following the disposition, Smith retains direct ownership of 243,078 shares, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
- Significance: The sale represents a minor portion (~1.2%) of the CEO's total holdings and reflects routine automated diversification under a pre-set trading plan.
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