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Ciena (NYSE: CIEN) SVP Jason Phipps reports new equity awards and holdings

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Form Type
4

Rhea-AI Filing Summary

Ciena Corporation executive Jason Phipps, SVP Global Sales and Marketing, reported multiple stock unit awards dated December 16, 2025. He acquired 20,368 shares earned from a performance stock unit award granted on December 17, 2024, which vest in two equal parts on December 20, 2025 and 2026. He also earned 21,196 shares from a market stock unit award granted on December 13, 2022 that vest on December 20, 2025, and 9,650 restricted stock units that vest quarterly over four years beginning March 20, 2026. Following these transactions, he beneficially owned 131,458 shares of Ciena common stock, including unvested RSUs, PSUs and MSUs.

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Insider Phipps Jason
Role SVP Global Sales and Marketing
Type Security Shares Price Value
Grant/Award Common Stock 20,368 $0.00 --
Grant/Award Common Stock 21,196 $0.00 --
Grant/Award Common Stock 9,650 $0.00 --
Holdings After Transaction: Common Stock — 100,612 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*
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)
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 20,368(1) A $0.0 100,612(2) D
Common Stock 12/16/2025 A 21,196(3) A $0.0 121,808(2) D
Common Stock 12/16/2025 A 9,650(4) A $0.0 131,458(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: Jason Phipps 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 insider activity did Ciena (CIEN) report for Jason Phipps?

Ciena reported that Jason Phipps, its SVP Global Sales and Marketing, acquired multiple stock unit awards on December 16, 2025, including performance, market and restricted stock units that convert into shares of common stock under specified vesting schedules.

How many Ciena shares did Jason Phipps earn from performance stock units in this filing?

He earned 20,368 stock units from a performance stock unit (PSU) award granted on December 17, 2024, reflecting the achievement of related performance conditions. These shares vest in two equal halves on December 20, 2025 and December 20, 2026.

What market stock unit award did Ciena (CIEN) disclose for Jason Phipps?

Ciena disclosed that Jason Phipps earned 21,196 stock units from a market stock unit (MSU) award granted on December 13, 2022, based on total shareholder return performance conditions. These shares vest on December 20, 2025.

What are the vesting terms of Jason Phipps' restricted stock units at Ciena?

The filing states that 9,650 restricted stock units (RSUs) vest over four years, with one-sixteenth of the grant vesting on March 20, June 20, September 20 and December 20 of each year, commencing on March 20, 2026.

How many Ciena (CIEN) shares does Jason Phipps beneficially own after these transactions?

After the reported transactions, Jason Phipps beneficially owned 131,458 shares of Ciena common stock. The filing notes that these shares include unvested RSUs, PSUs and MSUs.

Does the Ciena filing describe how unvested equity is treated in Jason Phipps' holdings?

Yes. The filing specifies that the shares reported as beneficially owned by Jason Phipps include unvested Restricted Stock Units, Performance Stock Units and Market Stock Units, indicating that both vested and unvested awards are counted in his reported holdings.