Ciena Officer Files Form 144 to Sell 2,101 Shares Under Rule 10b5-1 Plan
CIENA CORP
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Filing Summary
Form 144 Proposed Sale Notice • Company: CIENA CORP ($CIEN) • Insider: Sheela Kosaraju (Officer) • Proposed Sale Date: 10/01/2026 • Shares to Sell: 2,101 Common shares • Estimated Market Value: $746,254.19 (~$355.19/share) • Plan Adoption Date: 10/14/2025 • Significance: Low
Comprehensive Analysis
Executive Summary
On October 1, 2026, Sheela Kosaraju, an Officer of CIENA CORP ($CIEN), filed a Form 144 notice of proposed sale covering 2,101 shares of common stock. The aggregate market value of the proposed transaction is approximately $746,254.19, reflecting an implied price per share of roughly $355.19.
Transaction Details
- Filer: Sheela Kosaraju
- Position: Officer
- Security: Common Stock
- Shares Offered: 2,101
- Aggregate Market Value: $746,254.19
- Broker: Morgan Stanley Smith Barney LLC
- Securities Outstanding: 141,808,525 shares
- Acquisition Origin: The shares were acquired on September 20, 2026, directly from the issuer as Restricted Stock.
- Trading Plan: The planned sale is executed under a pre-established Rule 10b5-1 trading plan adopted on October 14, 2025.
Trading Significance
This filing carries Low trading significance. The proposed sale represents a negligible percentage (<0.01%) of the 141.8 million shares outstanding and is executed pursuant to a Rule 10b5-1 trading plan adopted nearly a year prior, indicating standard routine diversification rather than discretionary market timing.
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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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