Ciena Corp Director Thomas Michael Nevens Sells $1.34M in Common Stock
CIENA CORP
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Filing Summary
📊 Insider Transaction Report CIENA CORP ($CIEN) Insider: Thomas Michael Nevens (Director) Type: Sale | Shares: 3,738 @ $359.04 Value: $1,342,091.52 Remaining Holdings: 3,492 shares Note: Reporting owner also gifted 2,797 shares on 2026-09-24.
Comprehensive Analysis
Insider Filing Overview
On September 25, 2026, Ciena Corp ($CIEN) Director Thomas Michael Nevens reported transactions in company Common Stock spanning September 23 and September 24, 2026.
Transaction Summary
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Open Market Sale (Code S):
- Date: September 23, 2026
- Shares Sold: 3,738 shares
- Price per Share: $359.04
- Total Transaction Value: $1,342,091.52
- Post-Transaction Holdings: 6,289 shares
-
Bona Fide Gift (Code G):
- Date: September 24, 2026
- Shares Transferred: 2,797 shares (disposed at $0 consideration)
- Post-Transaction Holdings: 3,492 shares (including unvested Restricted Stock Units)
Key Takeaways
- Holdings Impact: Mr. Nevens' direct shareholdings decreased significantly across both transactions, moving from 10,027 shares to 3,492 shares, representing an overall ~65% reduction in held shares.
- Significance: Open market sales above $1 million by board members warrant attention, though director sales can occur for general portfolio diversification or estate planning purposes.
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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.
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