CIENA Corp EVP Brodie Gage Sells $389K Under Rule 10b5-1 Plan
CIENA CORP
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Filing Summary
Insider Sale Alert: CIENA CORP ($CIEN) Insider: Gage Brodie (EVP & Chief Product &) Transaction: Sold 1,200 shares of Common Stock at $324.86 per share ($389,832.00 total) Remaining Holdings: 37,207 shares Plan Details: Executed under a pre-established Rule 10b5-1 plan dated July 1, 2025 (modified December 23, 2025)
Comprehensive Analysis
Insider Transaction Overview
On September 15, 2026, Brodie Gage, EVP & Chief Product Officer at CIENA CORP ($CIEN), disposed of 1,200 shares of common stock at an average execution price of $324.86, generating total gross proceeds of approximately $389,832.
Transaction Structure & Plan Context
- Mechanism: The disposition was executed under an affirmative defense Rule 10b5-1 trading plan adopted on July 1, 2025, and modified on December 23, 2025.
- Position Impact: Following the transaction, Gage retains beneficial ownership of 37,207 shares (which include unvested Restricted Stock Units and Performance Stock Units). The disposition represents approximately 3.1% of the insider's total reported holdings.
Significance
The trading significance is rated Low because the sale was carried out pursuant to a scheduled Rule 10b5-1 plan and represents a modest portion of the insider's aggregate equity stake.
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