Ciena SVP withholds 1,934 shares for taxes

Ciena Corporation senior vice president Gage Brodie reported routine tax-withholding transactions in company stock.

Rhea-AI Filing Summary

Ciena Corporation senior vice president Gage Brodie reported routine tax-withholding transactions in company stock. On June 20, 2026, a total of 1,934 shares of Common Stock were disposed of through five code "F" transactions at $428.22 per share to cover tax liabilities tied to previously granted restricted stock unit awards. These were not open-market sales but shares withheld by the company for taxes. After these withholdings, Brodie directly owned 40,807 Ciena shares, including unvested RSUs and performance stock units.

Insider Trade Summary

Exercise Price or Tax Liability: 1,934 shares

Exercise Price or Tax Liability 5 txns

Insider Gage Brodie

Role SVP Global Products & Supply

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	204	$428.22	$87K
Exercise Price or Tax Liability	Common Stock	442	$428.22	$189K
Exercise Price or Tax Liability	Common Stock	669	$428.22	$286K
Exercise Price or Tax Liability	Common Stock	388	$428.22	$166K
Exercise Price or Tax Liability	Common Stock	231	$428.22	$99K

Holdings After Transaction: Common Stock — 40,807 shares (Direct)

Footnotes (6)

1. F1. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 10/27/2023. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 10/31/2023.
2. F2. Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
3. F3. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/13/2022. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 3 filed on 10/31/2023.
4. F4. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/12/2023. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/14/2023.
5. F5. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/17/2024. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/19/2024.
6. F6. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/16/2025. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/18/2025.

Key Figures

Tax-withheld shares: 1,934 shares Reported price per share: $428.22/share Holdings after transactions: 42,537 shares +1 more

4 metrics

Tax-withheld shares 1,934 shares Total common shares withheld for taxes on June 20, 2026

Reported price per share $428.22/share Value used for each tax-withholding disposition of common stock

Holdings after transactions 42,537 shares Direct ownership after June 20, 2026 tax withholdings, including unvested RSUs and PSUs

Tax-withholding transactions 5 entries (code F) Number of Form 4 transactions classified as tax-withholding dispositions

Key Terms

Restricted Stock Units (RSUs), Performance Stock Units (PSUs), tax-withholding disposition, Form 4

4 terms

Restricted Stock Units (RSUs) financial

"Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement..."

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.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 regulatory

"Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 10/31/2023."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CIENA CORP (CIEN) report for Gage Brodie?

CIENA CORP reported that SVP Gage Brodie had 1,934 common shares withheld on June 20, 2026 to cover tax liabilities from previously granted restricted stock units, according to a Form 4 insider filing.

Were Gage Brodie’s CIENA CORP (CIEN) transactions open-market sales?

No, the transactions were not open-market sales. They were code "F" tax-withholding dispositions, where CIENA CORP withheld shares to pay income taxes on vesting restricted stock unit awards previously granted to Brodie.

How many CIENA CORP (CIEN) shares were withheld for Gage Brodie’s taxes?

In total, 1,934 CIENA CORP common shares were withheld across five transactions. Each transaction covered tax obligations arising from different restricted stock unit award agreements granted to Gage Brodie over prior years.

What price per share was used in Gage Brodie’s CIENA CORP tax withholdings?

The Form 4 shows a transaction price of $428.22 per CIENA CORP common share for each tax-withholding entry. This price is used solely for reporting the value of the withheld shares to cover Brodie’s tax liabilities.

How many CIENA CORP (CIEN) shares does Gage Brodie hold after these transactions?

After the June 20, 2026 tax-withholding transactions, Gage Brodie directly owned 42,537 CIENA CORP shares. This figure includes both vested holdings and unvested restricted stock units and performance stock units reported in the Form 4.

What equity awards were involved in Gage Brodie’s CIENA CORP tax withholdings?

The tax withholdings related to multiple restricted stock unit award agreements dated December 13, 2022; October 27, 2023; December 12, 2023; December 17, 2024; and December 16, 2025, all previously reported in earlier CIENA CORP filings.

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

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Accepted by SEC EDGAR 06/23/2026 - 01:40 PM Learn about SEC filing dates

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^*

Gage Brodie

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Global Products & Supply

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2026

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	06/20/2026		F		204(1)	D	$428.22	42,537(2)	D
Common Stock	06/20/2026		F		442(3)	D	$428.22	42,095(2)	D
Common Stock	06/20/2026		F		669(4)	D	$428.22	41,426(2)	D
Common Stock	06/20/2026		F		388(5)	D	$428.22	41,038(2)	D
Common Stock	06/20/2026		F		231(6)	D	$428.22	40,807(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. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 10/27/2023. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 10/31/2023.

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

3. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/13/2022. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 3 filed on 10/31/2023.

4. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/12/2023. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/14/2023.

5. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/17/2024. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/19/2024.

6. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/16/2025. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/18/2025.

	By: Michelle Rankin For: Brodie Gage	06/22/2026
	** 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)