Ciena Corp EVP & Chief Strategy Officer Disposes of Shares for Tax Obligations
CIENA CORP
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Filing Summary
### Insider Filing: CIENA CORP (CIEN)
**Insider:** David M Rothenstein
**Title:** EVP & Chief Strategy Officer
**Filing Date:** 2026-09-22 | **Transaction Date:** 2026-09-20
**Transaction Details:**
- **Type:** Tax Withholding (Code F)
- **Shares Withheld:** 2,350
- **Price per Share:** $348.80
- **Total Value:** $819,680.00
- **Shares Owned After:** 175,381
- **Significance:** Low (Routine disposition to satisfy tax obligations on vesting RSUs)
Comprehensive Analysis
Overview
On September 22, 2026, David M Rothenstein, Executive Vice President & Chief Strategy Officer of CIENA CORP ($CIEN), reported the disposition of 2,350 shares of common stock on September 20, 2026. The dispositions were executed at a price of $348.80 per share, representing an aggregate value of approximately $819,680.00.
Transaction Breakdown
The transactions were executed across five separate tranches, all coded as F (shares withheld to cover tax liabilities):
- 679 shares withheld under an RSU award dated December 13, 2022.
- 204 shares withheld under an RSU award dated December 13, 2022.
- 811 shares withheld under an RSU award dated December 12, 2023.
- 436 shares withheld under an RSU award dated December 17, 2024.
- 220 shares withheld under an RSU award dated December 16, 2025.
Following these dispositions, Mr. Rothenstein directly beneficially owns 175,381 shares of Ciena common stock, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Market and Trading Assessment
- Significance: Low. The disposition is non-discretionary and purely routine, reflecting standard shares withheld by the company to satisfy statutory tax obligations triggered by the vesting of previously granted equity awards.
- Sentiment: Neutral. This transaction does not represent an open-market sale or an indication of insider sentiment.
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