Ciena Officer Jason Phipps Files Form 144 to Sell $934K in Common Stock
CIENA CORP
Subscribe to track CIEN
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
š Form 144 Notice of Proposed Sale ā¢ Company: CIENA CORP ($CIEN) ā¢ Insider: Jason Phipps (Officer) ā¢ Proposed Sale: 2,629 Common shares (~$933,795) ā¢ Approx. Sale Date: 10/01/2026 ā¢ Plan Adoption Date: 10/06/2025 (Rule 10b5-1) ā¢ Broker: Morgan Stanley Smith Barney LLC
Comprehensive Analysis
Overview
On October 1, 2026, Jason Phipps, an Officer at CIENA CORP ($CIEN), filed a Form 144 notice disclosing the intention to sell 2,629 shares of Common Stock with an estimated aggregate market value of $933,794.51.
Transaction Details
- Security: Common Stock
- Shares Proposed for Sale: 2,629
- Implied Price per Share: ~$355.19
- Aggregate Value: $933,794.51
- Source of Shares: Restricted stock vested/acquired from the issuer on September 20, 2026.
- Pre-set Trading Plan: The transaction is executed pursuant to a Rule 10b5-1 trading plan adopted on October 6, 2025.
Market Impact & Significance
The filing represents a routine disposition of equity following the vesting of restricted stock units under a pre-arranged Rule 10b5-1 plan. Relative to Ciena's 141,808,525 outstanding shares, the proposed sale of 2,629 shares is negligible (<0.01% of float) and is assessed as having Low trading significance.
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.