Ciena strategy chief sells 2,500 shares
CIENA CORP Senior Vice President and Chief Strategy Officer David M. Rothenstein executed an open-market sale of 2,500 shares of common stock at a weighted average price of $562.3875 per share on May 15, 2026, under a pre-arranged Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
CIENA CORP Senior Vice President and Chief Strategy Officer David M. Rothenstein executed an open-market sale of 2,500 shares of common stock at a weighted average price of $562.3875 per share on May 15, 2026, under a pre-arranged Rule 10b5-1 trading plan.
After this transaction, he directly holds 190,081 shares, which include unvested Restricted Stock Units and Performance Stock Units, indicating he retains a substantial equity stake in the company despite the sale.
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Insider Trade Summary 10b5-1
Net Seller: 2,500 shares
Net Sell
1 txn
Insider
Rothenstein David M
Role
SVP and Chief Strategy Officer
Sold
2,500 shs ($1.41M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,500 | $562.3875 | $1.41M |
Holdings After Transaction:
Common Stock — 190,081 shares (Direct)
Footnotes (3)
- F1. Sales were affected pursuant to Rule 10b5-1 trading plan dated 10/10/2025.
- F2. Reflects the weighted average sales price with transactions in a range of sales from $555.0187 to $572.6800. Upon request by the SEC, full information regarding the number of shares sold at each separate sales price will be provided.
- F3. Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Key Figures
Shares sold: 2,500 shares
Average sale price: $562.3875 per share
Post-transaction holdings: 190,081 shares
+3 more
6 metrics
Shares sold
2,500 shares
Open-market sale of CIENA CORP common stock
Average sale price
$562.3875 per share
Weighted average price for the 2,500 shares sold
Post-transaction holdings
190,081 shares
Total CIENA CORP shares beneficially owned after the sale
Sale price range low
$555.0187 per share
Lowest price in the reported sale range
Sale price range high
$572.6800 per share
Highest price in the reported sale range
Transaction date
May 15, 2026
Date of the open-market sale
Key Terms
Rule 10b5-1 trading plan, weighted average sales price, Restricted Stock Units (RSUs), Performance Stock Units (PSUs), +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"Sales were affected pursuant to Rule 10b5-1 trading plan dated 10/10/2025."
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.
weighted average sales price financial
"Reflects the weighted average sales price with transactions in a range of sales"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CIENA CORP (CIEN) report for David M. Rothenstein?
CIENA CORP reported that SVP and Chief Strategy Officer David M. Rothenstein sold 2,500 shares of common stock in an open-market transaction. The sale used a weighted average price and was executed under a Rule 10b5-1 trading plan.
Was the recent CIEN insider stock sale made under a Rule 10b5-1 plan?
Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan dated October 10, 2025. Such plans are pre-arranged programs that schedule trades in advance, helping separate routine equity sales from discretionary timing decisions.
What types of equity awards are included in David M. Rothenstein’s CIEN holdings?
His reported 190,081 CIENA CORP shares include unvested Restricted Stock Units and Performance Stock Units. These awards generally vest over time or based on performance goals, aligning executive compensation with long-term company performance and shareholder value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
