Ciena Corp (NYSE: CIEN) CEO sells 2,952 shares in Rule 10b5-1 trade

Rhea-AI Filing Summary

Ciena Corp President and CEO Gary B. Smith reported selling 2,952 shares of common stock on 2026-07-15 in an open-market transaction at a weighted average price of $421.1036 per share, with individual trades ranging from $405.1250 to $443.7500. The sale was effected under a Rule 10b5-1 trading plan dated 10/04/2025. Following this transaction, Smith beneficially owns 251,934 shares, which include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).

Insider Trade Summary 10b5-1

Net Seller: 2,952 shares ($1,243,098)

Net Sell 1 txn

Insider SMITH GARY B

Role President, CEO

Sold 2,952 shs ($1.24M)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,952	$421.1036	$1.24M

Holdings After Transaction: Common Stock — 251,934 shares (Direct)

Footnotes (1)

1. Sales were affected pursuant to Rule 10b5-1 trading plan dated 10/04/2025. Reflects the weighted average sales price with transactions in a range of sales from $405.1250 to $443.7500. Upon request by the SEC, full information regarding the number of shares sold at each separate sales price will be provided. Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).

Key Figures

Shares sold: 2,952 shares Weighted average sale price: $421.1036 per share Sale price range: $405.1250–$443.7500 +1 more

4 metrics

Shares sold 2,952 shares Common stock sold by CEO Gary B. Smith on 2026-07-15

Weighted average sale price $421.1036 per share Weighted average price for the 2,952 shares sold

Sale price range $405.1250–$443.7500 Range of individual trade prices within the reported sale

Post-transaction holdings 251,934 shares Total beneficial ownership after the sale, including unvested RSUs and PSUs

Key Terms

Rule 10b5-1 trading plan, weighted average sales price, Restricted Stock Units (RSUs), Performance Stock Units (PSUs)

4 terms

Rule 10b5-1 trading plan financial

"Sales were affected pursuant to Rule 10b5-1 trading plan dated 10/04/2025."

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..."

Restricted Stock Units (RSUs) financial

"Shares reported include unvested Restricted Stock Units (RSUs) and..."

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/17/2026 - 02:13 PM Accepted by SEC EDGAR 07/17/2026 - 02:13 PM Learn about SEC filing dates

FAQ

What insider transaction did Ciena (CIEN) disclose for CEO Gary B. Smith?

Ciena reported that CEO Gary B. Smith sold 2,952 shares of common stock on 2026-07-15. The transaction was an open-market sale executed under a Rule 10b5-1 trading plan with a reported weighted average price of $421.1036 per share.

At what price did the Ciena (CIEN) CEO sell his shares?

Gary B. Smith’s sale used a weighted average price of $421.1036 per share. Footnotes state the underlying trades occurred within a price range of $405.1250 to $443.7500, and detailed price breakdowns are available upon SEC request.

How many Ciena (CIEN) shares does the CEO hold after the reported sale?

After the 2,952-share sale, CEO Gary B. Smith beneficially owns 251,934 shares of Ciena common stock. This reported figure includes unvested RSUs and PSUs, combining both vested and certain unvested equity awards into the total.

Was the Ciena (CIEN) CEO’s stock sale made under a Rule 10b5-1 plan?

Yes. The filing notes that the sales were effected pursuant to a Rule 10b5-1 trading plan dated 10/04/2025. This pre-arranged plan structure can reduce the significance of trade timing as an informational signal for investors.

What type of security did the Ciena (CIEN) Form 4 transaction involve?

The reported transaction involved Ciena common stock as a non-derivative security. Footnotes clarify that post-transaction holdings of 251,934 shares also include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) tied to equity compensation.

How many Ciena (CIEN) shares did the CEO sell according to the Form 4?

Gary B. Smith sold 2,952 shares of Ciena common stock in this reported transaction. The sale is categorized as a disposition (code S) in the Form 4 and is described as a sale in an open market or private transaction.

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).

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^*

SMITH GARY B

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/15/2026		S		2,952(1)	D	$421.1036(2)	251,934(3)	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. Sales were affected pursuant to Rule 10b5-1 trading plan dated 10/04/2025.

2. Reflects the weighted average sales price with transactions in a range of sales from $405.1250 to $443.7500. Upon request by the SEC, full information regarding the number of shares sold at each separate sales price will be provided.

3. Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).

	By: Michelle Rankin For: Gary B Smith	07/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)