CIENA insider files Form 144 to sell 1,984 shares valued at $284,545
Rhea-AI Filing Summary
CIENA Corp (CIEN) Form 144 notice: A proposed sale of 1,984 shares of common stock is reported through Morgan Stanley Smith Barney LLC, with an aggregate market value of $284,545.28 and approximately 141,055,908 shares outstanding. The filing lists an approximate sale date of 10/01/2025 on the NYSE. The securities are described as restricted stock acquired from the issuer on 09/20/2025, and no securities were reported sold by the reporting person in the prior three months. The filer affirms they are not aware of any undisclosed material adverse information and includes the standard signature and criminal liability notice.
Positive
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Negative
- None.
Insights
TL;DR: Routine Form 144 reporting a small proposed insider sale, likely non-material to CIEN's capital structure.
The notice documents a proposed sale of 1,984 shares valued at $284,545.28 and routed through Morgan Stanley Smith Barney LLC, with an approximate sale date of 10/01/2025. Compared with the reported 141,055,908 shares outstanding, the volume represents a negligible fraction of outstanding equity. The filing identifies the shares as restricted stock acquired from the issuer and contains the standard attestation about no undisclosed material adverse information. There is no disclosure of related trading plans beyond the Rule 10b5-1 notice language and no sales in the prior three months.
TL;DR: Procedural disclosure consistent with insider sale requirements; no governance red flags disclosed.
The Form 144 provides required broker and securities details and the representation that the seller is not aware of undisclosed material adverse information. The filing does not indicate any unusual terms, litigation holds, or governance-related restrictions. Because the disclosed sale size is small relative to total shares outstanding and no prior three-month sales are reported, this appears to be a routine compliance filing rather than a signal of company-specific governance or disclosure concerns.