Ciena EVP Brodie Gage Sells 1,200 Shares Under 10b5-1 Plan
CIENA CORP
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Filing Summary
CIEN Insider Sale: EVP & Chief Product & Tech Brodie Gage disposed of 1,200 shares of Common Stock at $344.08 per share ($412,896 total) on 2026-10-15 via a Rule 10b5-1 trading plan. Retains 34,073 shares.
Comprehensive Analysis
Insider Transaction Overview
- Company: CIENA CORP (
CIEN) - Insider: Brodie Gage, EVP & Chief Product & Tech
- Filing Date: October 19, 2026
- Transaction Date: October 15, 2026
- Transaction Type: Open-market sale (
S) - Shares Sold: 1,200 shares
- Execution Price: $344.08
- Total Transaction Value: $412,896.00
- Post-Transaction Holdings: 34,073 shares (Direct)
Context & Trading Plan
The transaction was executed pursuant to a pre-established Rule 10b5-1 trading plan adopted on July 1, 2025, and modified on December 23, 2025. Following the transaction, the insider retains 34,073 shares, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Significance Assessment
The sale represents approximately 3.4% of the insider's reported holdings prior to the transaction. Given the moderate size and execution under a pre-scheduled Rule 10b5-1 trading plan, this activity carries low signaling significance regarding management's outlook on company fundamentals.
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Important Disclaimer
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