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Ciena (CIEN) SVP Joseph Cumello discloses PSU, MSU and RSU grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ciena Corporation senior vice president and Blue Planet general manager Joseph Cumello reported equity awards in company stock. On 12/16/2025 he acquired 12,091 shares earned from a performance stock unit award, 11,482 shares earned from a market stock unit award based on total shareholder return, and 5,838 restricted stock units, all at no purchase price. After these awards, he beneficially owns 72,942 shares of Ciena common stock, including unvested RSUs, PSUs and MSUs that vest beginning in December 2025 and under later scheduled dates.

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Insider Cumello Joseph
Role SVP, General Mgr. Blue Planet
Type Security Shares Price Value
Grant/Award Common Stock 12,091 $0.00 --
Grant/Award Common Stock 11,482 $0.00 --
Grant/Award Common Stock 5,838 $0.00 --
Holdings After Transaction: Common Stock — 55,622 shares (Direct)
Footnotes (1)
  1. Reflects the number of stock units earned pursuant to the terms of a performance stock unit (PSU) award granted on December 17, 2024 reflecting the achievement of the related performance conditions. These shares vest in equal 1/2 amounts on each of December 20, 2025 and 2026. Shares reported include unvested Restricted Stock Units (RSUs), Performance Stock Units (PSUs), and Market Stock Units (MSUs). Reflects the number of stock units earned pursuant to the terms of a market stock unit (MSU) award granted on December 13, 2022 reflecting the level of achievement of the applicable total shareholder return (TSR) performance conditions. These shares vest on December 20, 2025. Reflects Restricted Stock Units (RSUs) that vest over four years, with one-sixteenth of the grant amount vesting on March 20, June 20, September 20, and December 20 of each year, commencing on March 20, 2026.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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).
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*
Cumello Joseph
(Last) (First) (Middle)
C/O CIENA CORPORATION
7035 RIDGE RD.
(Street)
HANOVER MD 21076-1426
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CIENA CORP [ CIEN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, General Mgr. Blue Planet
3. Date of Earliest Transaction (Month/Day/Year)
12/16/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 12/16/2025 A 12,091(1) A $0.0 55,622(2) D
Common Stock 12/16/2025 A 11,482(3) A $0.0 67,104(2) D
Common Stock 12/16/2025 A 5,838(4) A $0.0 72,942(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Reflects the number of stock units earned pursuant to the terms of a performance stock unit (PSU) award granted on December 17, 2024 reflecting the achievement of the related performance conditions. These shares vest in equal 1/2 amounts on each of December 20, 2025 and 2026.
2. Shares reported include unvested Restricted Stock Units (RSUs), Performance Stock Units (PSUs), and Market Stock Units (MSUs).
3. Reflects the number of stock units earned pursuant to the terms of a market stock unit (MSU) award granted on December 13, 2022 reflecting the level of achievement of the applicable total shareholder return (TSR) performance conditions. These shares vest on December 20, 2025.
4. Reflects Restricted Stock Units (RSUs) that vest over four years, with one-sixteenth of the grant amount vesting on March 20, June 20, September 20, and December 20 of each year, commencing on March 20, 2026.
By: Michelle Rankin For: Joseph Cumello 12/17/2025
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What does Ciena (CIEN) insider Joseph Cumello report in this Form 4?

The Form 4 reports that Joseph Cumello, a senior vice president and general manager of Blue Planet at Ciena, acquired company common stock through equity awards. He received 12,091 shares from a performance stock unit award, 11,482 shares from a market stock unit award based on total shareholder return, and 5,838 restricted stock units, all at a price of $0.0 per share.

How many Ciena shares does Joseph Cumello beneficially own after these transactions?

Following the reported equity awards, Joseph Cumello beneficially owns 72,942 shares of Ciena common stock. This total includes unvested restricted stock units (RSUs), performance stock units (PSUs), and market stock units (MSUs).

How are Joseph Cumellos performance stock units (PSUs) structured and when do they vest?

The 12,091 shares tied to PSUs reflect stock units earned under a performance stock unit award granted on December 17, 2024, based on achievement of related performance conditions. These shares vest in two equal installments on December 20, 2025 and December 20, 2026.

What are the terms of Joseph Cumellos market stock unit (MSU) award at Ciena?

The 11,482 sharestotal shareholder return (TSR) performance conditions, and these shares vest on December 20, 2025.

What is the vesting schedule for Joseph Cumellos restricted stock units (RSUs)?

The 5,838 RSUs granted to Joseph Cumello vest over four years. One-sixteenth of the grant amount vests on March 20, June 20, September 20, and December 20 of each year, beginning on March 20, 2026.

What is Joseph Cumellos role and relationship to Ciena (CIEN)?

Joseph Cumello is an officer of Ciena Corporation, serving as SVP, General Manager, Blue Planet. The Form 4 identifies him as a reporting person with a direct ownership stake in Ciena common stock through a mix of RSUs, PSUs, and MSUs.