Ciena Corp EVP & Chief Legal Officer Disposes Shares for Tax Withholding
CIENA CORP
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Filing Summary
# Insider Transaction: CIENA CORP (CIEN)
**Insider:** Kosaraju Sheela (EVP & Chief Legal Officer)
**Type:** Disposition (Tax Withholding - Code F)
**Shares Transacted:** 1,915 shares
**Price per Share:** $348.80
**Total Value:** $667,952.00
**Shares Held After:** 86,166 shares
**Significance:** Low (Routine RSU Tax Withholding)
Comprehensive Analysis
Transaction Summary
On September 20, 2026, Sheela Kosaraju, EVP & Chief Legal Officer of Ciena Corp (CIEN), surrendered a total of 1,915 shares of Common Stock across five separate tranches at a price of $348.80 per share, totaling $667,952.00. Following these transactions, Kosaraju directly holds 86,166 shares of Ciena common stock, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Nature of Transaction
All reported dispositions were executed under transaction code F, signifying shares withheld by the issuer to cover statutory tax withholding obligations arising from the vesting of previously granted RSU awards (dated between December 2022 and December 2025).
Market & Trading Significance
This filing carries Low trading significance. Surrenders under Transaction Code F are mandatory or automated administrative tax withholding events rather than discretionary open-market sales or purchases. They do not reflect an active sentiment shift or strategic market timing by the executive.
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