Ciena (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 an open-market sale of 2,952 shares of common stock on June 15, 2026 at a weighted average price of $457.0222 per share. The trades were executed under a pre-arranged Rule 10b5-1 trading plan dated October 4, 2025.

After this transaction, Smith directly holds 266,605 Ciena shares, which the filing notes include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). A weighted average price range of $448.27 to $477.17 is disclosed for the individual sale executions.

Insider Trade Summary 10b5-1

Net Seller: 2,952 shares ($1,349,130)

Net Sell 1 txn

Insider SMITH GARY B

Role President, CEO

Sold 2,952 shs ($1.35M)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,952	$457.0222	$1.35M

Holdings After Transaction: Common Stock — 266,605 shares (Direct, null)

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 $448.27 to $477.17. 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: $457.0222 per share Post-transaction holdings: 266,605 shares +1 more

4 metrics

Shares sold 2,952 shares Open-market sale on June 15, 2026

Weighted average sale price $457.0222 per share Common stock sale on June 15, 2026

Post-transaction holdings 266,605 shares Direct holdings after sale, including unvested RSUs and PSUs

Trade price range $448.27 to $477.17 Range of individual sale prices within the reported transaction

Key Terms

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

4 terms

Rule 10b5-1 trading plan regulatory

"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.

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.

weighted average sales price financial

"Reflects the weighted average sales price with transactions in a range of sales from $448.27 to $477.17."

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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^*

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)
06/15/2026

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	06/15/2026		S		2,952(1)	D	$457.0222(2)	266,605(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 $448.27 to $477.17. 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	06/16/2026
	** 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)

FAQ

What did Ciena (CIEN) CEO Gary B. Smith report in this Form 4?

Ciena CEO Gary B. Smith reported selling 2,952 shares of common stock in an open-market transaction. The sale occurred on June 15, 2026 at a weighted average price of $457.0222 per share under a pre-arranged Rule 10b5-1 trading plan.

At what price did the Ciena CEO sell shares in this CIEN insider trade?

The reported sale used a weighted average price of $457.0222 per share, with individual trades executed between $448.27 and $477.17. The filing notes that, upon SEC request, full details of the number of shares sold at each separate price will be provided.

How many Ciena (CIEN) shares does Gary B. Smith hold after this transaction?

After the reported sale, Gary B. Smith holds 266,605 Ciena shares directly. The filing states that this figure includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), giving a combined view of his direct and unvested equity-based holdings.

Was the Ciena CEO’s CIEN share sale under a Rule 10b5-1 plan?

Yes. The filing states that the sales were effected pursuant to a Rule 10b5-1 trading plan dated October 4, 2025. Such plans are pre-arranged instructions, allowing executives to sell shares on a predetermined schedule to help manage trading timing concerns.

What type of security was involved in this Ciena (CIEN) Form 4 filing?

The transaction involved Ciena common stock, classified as a non-derivative security in the filing. No option exercises or other derivative transactions were reported, and the derivative position summary section is empty for this Form 4 submission.