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Ciena (CIEN) SVP Jason Phipps sells 2,629 shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Ciena Corporation senior vice president Jason Phipps reported an open-market sale of 2,629 shares of common stock. The shares were sold at a price of $466.20 per share. According to the filing, the transactions were effected under a Rule 10b5-1 trading plan dated October 9, 2024 and modified October 6, 2025.

After this sale, Phipps directly holds 62,382 Ciena shares, and this amount includes unvested Restricted Stock Units and Performance Stock Units. The filing shows this as a standalone stock sale with no derivative exercises in this report.

Positive

  • None.

Negative

  • None.
Insider Phipps Jason
Role SVP Global Sales and Marketing
Sold 2,629 shs ($1.23M)
Type Security Shares Price Value
Sale Common Stock 2,629 $466.20 $1.23M
Holdings After Transaction: Common Stock — 62,382 shares (Direct, null)
Footnotes (1)
  1. Sales were affected pursuant to Rule 10b5-1 trading plan dated 10/9/2024 MODIFIED 10/6/2025. Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Shares sold 2,629 shares Open-market sale of Ciena common stock
Sale price $466.20 per share Reported transaction price for the sale
Shares held after sale 62,382 shares Direct holdings after transaction, including unvested RSUs and PSUs
Net shares sold 2,629 shares Net sell shares in transaction summary
Rule 10b5-1 trading plan regulatory
"Sales were affected pursuant to Rule 10b5-1 trading plan dated 10/9/2024 MODIFIED 10/6/2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Restricted Stock Units (RSUs) financial
"Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs)."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Performance Stock Units (PSUs) financial
"Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs)."
Performance stock units (PSUs) are a form of executive or employee pay that promise company shares only if pre-set performance goals are met over a defined period; think of them as a bonus paid in stock that arrives only when the company hits agreed targets. Investors watch PSUs because they affect the number of shares outstanding (dilution) and reveal how management’s pay is tied to financial or operational results, aligning incentives with shareholder outcomes.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Phipps Jason
(Last)(First)(Middle)
C/O CIENA CORPORATION
7035 RIDGE RD.
(Street)
HANOVER MARYLAND 21076-1426
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CIENA CORP [ CIEN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP Global Sales and Marketing
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/01/2026S2,629(1)D$466.262,382(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Sales were affected pursuant to Rule 10b5-1 trading plan dated 10/9/2024 MODIFIED 10/6/2025.
2. Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
By: Michelle Rankin For: Jason Phipps07/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Ciena (CIEN) report for Jason Phipps?

Ciena reported that senior vice president Jason Phipps sold 2,629 shares of common stock in an open-market transaction. This sale was disclosed on a Form 4 insider trading report filed with regulators for transparency and compliance purposes.

At what price did Jason Phipps sell Ciena (CIEN) shares?

Jason Phipps sold 2,629 Ciena shares at $466.20 per share. The filing characterizes this as an open-market sale, giving investors clear visibility into the trade size and execution price reported for this insider transaction.

How many Ciena (CIEN) shares does Jason Phipps hold after the sale?

Following the reported sale, Jason Phipps holds 62,382 Ciena shares directly. The filing notes that this figure includes unvested Restricted Stock Units and Performance Stock Units, giving a fuller picture of his total reported equity exposure.

Was Jason Phipps’ Ciena (CIEN) stock sale under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan dated October 9, 2024 and modified October 6, 2025. Such pre-arranged plans automate trading independent of later market developments.

Did the Ciena (CIEN) Form 4 show any option exercises or derivatives?

No. The Form 4 transaction is classified as a non-derivative open-market sale of common stock. The derivative summary in the filing is empty, indicating no reported option exercises or other derivative transactions for this particular report.

Does Jason Phipps’ Ciena (CIEN) holding include RSUs and PSUs?

Yes. A footnote explains that the reported 62,382-share position includes unvested Restricted Stock Units and Performance Stock Units. This means the disclosed total combines both currently vested shares and certain unvested equity awards.