Ciena CEO sells 2,952 shares in Rule 10b5-1 trade
CIENA CORP President and CEO Gary B. Smith sold 2,952 shares of common stock in an open-market transaction.
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Form Type
4
Rhea-AI Filing Summary
CIENA CORP President and CEO Gary B. Smith sold 2,952 shares of common stock in an open-market transaction. The shares were sold on May 1, 2026 at a weighted average price of $537.7421 per share, under a pre-arranged Rule 10b5-1 trading plan dated October 4, 2025.
After this sale, Smith directly holds 275,461 shares, which include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). The sale price reflects trades within a range from $521.9800 to $548.9450 per share.
Insider Trade Summary 10b5-1
Net Seller: 2,952 shares
Net Sell
1 txn
Insider
SMITH GARY B
Role
President, CEO
Sold
2,952 shs ($1.59M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,952 | $537.7421 | $1.59M |
Holdings After Transaction:
Common Stock — 275,461 shares (Direct)
Footnotes (3)
- F1. Sales were affected pursuant to Rule 10b5-1 trading plan dated 10/04/2025.
- F2. Reflects the weighted average sales price with transactions in a range of sales from $521.9800 to $548.9450. Upon request by the SEC, full information regarding the number of shares sold at each separate sales price will be provided.
- F3. Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Key Figures
Shares sold: 2,952 shares
Weighted average sale price: $537.7421 per share
Post-transaction holdings: 275,461 shares
+2 more
5 metrics
Shares sold
2,952 shares
Open-market sale on May 1, 2026
Weighted average sale price
$537.7421 per share
Common stock sale on May 1, 2026
Post-transaction holdings
275,461 shares
Common stock held directly after transaction, including RSUs/PSUs
Sale price range low
$521.9800 per share
Lowest price within reported sale range
Sale price range high
$548.9450 per share
Highest price within reported sale range
Key Terms
Rule 10b5-1 trading plan, weighted average sales price, Restricted Stock Units (RSUs), Performance Stock Units (PSUs), +1 more
5 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.
weighted average sales price financial
"Reflects the weighted average sales price with transactions in a range of sales from $521.9800 to $548.9450."
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.
open-market sale financial
"transaction_action: "open-market sale" with transaction_code "S" for Common Stock."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CIENA CORP (CIEN) report for CEO Gary B. Smith?
CIENA’s CEO Gary B. Smith reported an open-market sale of 2,952 common shares. The transaction occurred on May 1, 2026, and was disclosed on a Form 4, detailing price ranges, remaining holdings, and that it was executed under a pre-arranged Rule 10b5-1 trading plan.
What type of security did CIENA CORP’s CEO sell in this Form 4 filing?
The transaction involved CIENA CORP common stock, classified as a non-derivative security on the Form 4. No options or other derivative securities were exercised or converted in this filing, and the derivativeSummary section shows no remaining derivative positions reported here.
How large was the CIENA CORP CEO’s Form 4 sale compared with his remaining holdings?
Gary B. Smith sold 2,952 CIENA CORP common shares and held 275,461 shares afterward. This indicates the reported sale represents a relatively small portion of his disclosed post-transaction holdings, which include both vested shares and unvested RSUs and PSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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