Ciena Corp CEO Gary B. Smith Sells $880K in Common Stock Under Rule 10b5-1 Plan
CIENA CORP
Subscribe to track CIEN
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
# Insider Trade Alert: CIENA CORP ($CIEN)
**Insider:** Gary B. Smith (President & CEO, Director)
**Transaction:** Sale | 2,952 shares @ $298.16
**Total Value:** $880,155.04
**Post-Transaction Holdings:** 222,503 shares
**Significance:** Low (Executed pursuant to Rule 10b5-1 trading plan)
Comprehensive Analysis
Executive Summary
On November 2, 2026, Gary B. Smith, President and CEO and Director of Ciena Corp ($CIEN), disposed of 2,952 shares of common stock at a weighted average price of $298.1555 per share, resulting in gross proceeds of approximately $880,155.04.
Transaction Details
- Filing Date: November 4, 2026
- Transaction Date: November 2, 2026
- Transaction Type: Open market sale (Code: S)
- Shares Sold: 2,952
- Average Price: $298.1555 (range: $283.1150 – $315.3100)
- Total Consideration: $880,155.04
- Ownership After Transaction: 222,503 shares (direct ownership, including unvested RSUs and PSUs)
Market & Contextual Insights
The sale was executed in accordance with a pre-arranged Rule 10b5-1 trading plan adopted on October 4, 2025. Because the transaction was scheduled well in advance under an affirmative defense plan and represents approximately 1.3% of Mr. Smith's total reported holdings, this event represents standard portfolio diversification rather than a discretionary indicator of business performance.
Get Real-Time Alerts
Join our community to receive instant notifications when high-significance filings are published
Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.