Ciena Corp Officer Files Form 144 to Sell 2,500 Shares Under Rule 10b5-1 Plan
CIENA CORP
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Filing Summary
📢 Form 144 Notice: CIENA CORP ($CIEN) Insider: David Rothenstein (Officer) Proposed Sale: 2,500 Common Shares Estimated Value: $799,100.00 (~$319.64/share) Plan Adoption Date: October 10, 2025 (Rule 10b5-1) Significance: Low (Pre-planned recurring transaction)
Comprehensive Analysis
Executive Summary
On September 15, 2026, David Rothenstein, an Officer at Ciena Corporation (NYSE: CIEN), filed a Form 144 notice of proposed sale for 2,500 shares of common stock with an aggregate market value of approximately $799,100 ($319.64 per share).
Transaction Breakdown
- Security: Common Stock
- Shares to be Sold: 2,500
- Aggregate Market Value: $799,100.00
- Broker: Morgan Stanley Smith Barney LLC Executive Financial Services
- Approximate Sale Date: September 15, 2026
- Trading Plan: Executed pursuant to a Rule 10b5-1 trading plan adopted on October 10, 2025.
- Origin of Securities: Acquired via Restricted Stock Units (RSUs) vesting between March 20, 2021, and September 20, 2024.
Prior 3-Month Activity
- August 14, 2026: Sold 2,500 shares for $1,095,250.00 gross proceeds under 10b5-1 plan.
- July 15, 2026: Sold 2,500 shares for $1,052,284.25 gross proceeds under 10b5-1 plan.
Trading Significance
This filing represents a routine, programmatic sale under a pre-established Rule 10b5-1 trading plan adopted in October 2025, continuing a monthly schedule of 2,500-share dispositions. As such, the market significance is considered Low.
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