Ciena (NYSE: CIEN) SVP discloses 1,984-share sale under 10b5-1 trading plan

Rhea-AI Filing Summary

Ciena Corporation executive Jason Phipps, SVP Global Sales and Marketing, reported a sale of company stock. On 10/01/2025, he sold 1,984 shares of Ciena common stock at $ 143.42 per share in a transaction coded as a sale.

The transaction was executed under a pre-arranged Rule 10b5-1 trading plan dated 10/09/2024, which allows scheduled trading independent of day-to-day market conditions. Following this sale, Phipps beneficially owns 80,244 shares of Ciena, and this amount includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). His holdings are reported as directly owned.

Insider Trade Summary

Net Seller: 1,984 shares ($284,545)

Net Sell 1 txn

Insider Phipps Jason

Role SVP Global Sales and Marketing

Sold 1,984 shs ($285K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,984	$143.42	$285K

Holdings After Transaction: Common Stock — 80,244 shares (Direct)

Footnotes (1)

1. Sales were effected pursuant to Rule 10b5-1 trading plan dated 10/09/2024. Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).

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).

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 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 Global Sales and Marketing

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		S		1,984(1)	D	$143.42	80,244(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. Sales were effected pursuant to Rule 10b5-1 trading plan dated 10/09/2024.

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

	By: Michelle Rankin For: Jason Phipps	12/18/2025
	** 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.

FAQ

What insider transaction did Ciena (CIEN) report in this filing?

The filing reports that Jason Phipps, an officer of Ciena, sold 1,984 shares of Ciena common stock on 10/01/2025 in a transaction coded as a sale.

Who is the Ciena (CIEN) insider involved and what is his role?

The insider is Jason Phipps, who serves as SVP Global Sales and Marketing at Ciena Corporation and is an officer of the company.

At what price were the Ciena (CIEN) shares sold in this transaction?

Jason Phipps sold the shares of Ciena common stock at a price of $ 143.42 per share on 10/01/2025.

How many Ciena (CIEN) shares does the insider own after the reported sale?

After the reported sale, Jason Phipps beneficially owns 80,244 shares of Ciena common stock, which include unvested RSUs and PSUs.

Was the Ciena (CIEN) insider sale made under a Rule 10b5-1 trading plan?

Yes. The explanation states that the sales were effected pursuant to a Rule 10b5-1 trading plan dated 10/09/2024, indicating they followed a pre-arranged schedule.

How is the insider ownership of Ciena (CIEN) shares characterized in this filing?

The filing shows the ownership form as Direct (D) for the shares beneficially owned by Jason Phipps after the transaction.