Ciena Corp EVP & Chief Legal Officer Executes $746K Rule 10b5-1 Share Sale

Executive Summary

On October 1, 2026, Sheela Kosaraju, EVP & Chief Legal Officer of CIENA CORP ($CIEN), sold 2,101 shares of Common Stock at an average price of $355.19 per share, totaling approximately $746,254. Following the transaction, Kosaraju retains direct ownership of 84,065 shares, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).

Transaction Details

• Insider: Sheela Kosaraju (EVP & Chief Legal Officer)
• Transaction Code: S (Open market sale)
• Shares Sold: 2,101
• Execution Price: $355.19
• Total Consideration: $746,254.19
• Post-Transaction Holdings: 84,065 shares

Market & Significance Context

• Plan Details: The sale was executed under a pre-established Rule 10b5-1 trading plan adopted on October 14, 2024.
• Significance Level: Low. The disposition represents a minor liquidation (~2.4% of the insider's holdings) under a 10b5-1 plan established two years prior, indicating routine portfolio management and diversification rather than a discretionary reaction to company prospects.