Ciena CEO Gary Smith Sells $1.09M in Common Stock Under Rule 10b5-1 Plan
CIENA CORP
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Filing Summary
CIEN | Insider Sale Insider: Gary B. Smith (President & CEO, Director) Transaction: Sold 2,952 shares of Common Stock at an average price of $369.66 (~$1.09M total) Plan: Executed pursuant to a Rule 10b5-1 trading plan adopted on 10/04/2025 Remaining Holdings: 228,407 shares (Direct)
Comprehensive Analysis
Overview
On October 13, 2026, CIENA Corp ($CIEN) filed a Form 4 detailing an open-market sale of common shares by President and CEO Gary B. Smith.
Transaction Details
- Date of Transaction: October 1, 2026
- Shares Sold: 2,952 shares
- Weighted Average Price: $369.6605 (executed in price ranges between $351.1125 and $380.4050)
- Gross Proceeds: $1,091,237.80
- Ownership Post-Transaction: 228,407 shares held directly (including unvested RSUs and PSUs)
Analysis & Trading Significance
- Rule 10b5-1 Plan: The transaction was conducted automatically pursuant to a pre-arranged Rule 10b5-1 trading plan established on October 4, 2025. This reduces the likelihood that the transaction reflects insider sentiment or non-public material information.
- Portfolio Impact: The disposal represents approximately 1.28% of Mr. Smith's pre-transaction equity holdings, leaving a substantial direct holding of 228,407 shares.
- Significance: Classified as Low significance due to the pre-scheduled nature under Rule 10b5-1 and the minor percentage of holdings liquidated.
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Important Disclaimer
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