Ciena Corp SEC Filings

CIENA CORP (CIEN) Form 144 disclosure: This notice reports a proposed sale of 1,863 common shares (restricted stock units) delivered on 09/20/2025, with an aggregate market value of $255,547.71, to be sold through Morgan Stanley Smith Barney on the NYSE approximately on 09/26/2025. The filer also disclosed prior 10b5-1 sales of 2,044 shares on 06/27/2025 for gross proceeds of $166,862.14. The securities were acquired from the issuer as RSUs and payment is noted as completed on the acquisition date.

Bruce L. Claflin, a director of CIENA CORP (CIEN), reported changes in his beneficial ownership on a Form 4 covering transactions dated 09/24/2025. The filing shows a sale of 8,461 shares at $140.12 and a gift of 4,386 shares for no consideration, leaving Mr. Claflin with 50,238 shares beneficially owned directly. The filing also discloses 11,136 shares held indirectly in a spousal trust for which he disclaims beneficial ownership. The reported holdings include unvested restricted stock units (RSUs). The Form 4 was signed on behalf of Mr. Claflin on 09/25/2025.

CIENA Corporation (CIEN) filed a Form 144 notifying the proposed sale of 8,461 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $1,185,555.32. The shares are scheduled for sale on or about 09/24/2025 on the NYSE. The filer acquired the shares as restricted stock on 03/20/2016 from the issuer and paid in full on that date. The filing reports 141,055,908 shares outstanding and states there were no securities sold by the filer in the past three months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Joseph Cumello, Senior Vice President and General Manager, Blue Planet at Ciena Corporation (CIEN), reported insider dispositions on 09/20/2025. The Form 4 shows five dispositions coded "F" (tax-withholding related) of common stock at $138.37 per share: 441, 182, 582, 331, and 268 shares. The explanatory notes state these were shares withheld to satisfy tax liabilities arising from previously granted restricted stock unit (RSU) awards and that reported holdings include unvested RSUs and performance stock units (PSUs). Following the transactions, the filing shows beneficial ownership figures in the range of 45,394 to 46,757 shares, reported as direct holdings.

Gary B. Smith, President and CEO of CIENA CORP (CIEN), reported a set of non-derivative dispositions on 09/20/2025 totaling 9,487 shares sold at $138.37 per share. The transactions represent shares withheld to cover tax liabilities related to previously granted restricted stock unit awards dated 12/13/2022, 12/12/2023, 12/17/2024 and 12/14/2021. Following these transactions the filing reports 288,870 shares beneficially owned, which the form notes include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). The Form 4 was signed on 09/22/2025.

Gage Brodie, SVP Global Products & Supply at CIENA CORP (CIEN), reported multiple dispositions of common stock on 09/20/2025. Each transaction lists a sale price of $138.37 and the filing explains these were shares withheld to cover tax liabilities related to previously awarded restricted stock units (RSUs) and performance stock units (PSUs) from award dates in 2021, 2022, 2023 and 2024. The Form 4 shows the reporting person remains beneficially owned in the range reported after the transactions, with the lowest reported post-transaction ownership of 41,003 shares. The filing is a routine insider tax-withholding disclosure rather than an open-market sale or transfer for cash.

CIENA Corp insider activity: This Form 4 shows David M. Rothenstein, SVP and Chief Strategy Officer, disposed of shares on 09/20/2025 through withholding to cover tax liabilities related to previously granted restricted stock units and performance stock units. Multiple withholding codes are reported: 679, 204, 811, 436 and 308 shares, each at a reported price of $138.37. After the transactions the filing reports beneficial ownership totals in the range of 188,190 to 189,949 shares, which include unvested RSUs and PSUs. The reported disposals reflect tax-withholding mechanics on awards originally granted in 2021, 2022, 2023 and 2024, and do not show open-market purchases or sales beyond those withholdings.

Jason Phipps, SVP Global Sales and Marketing at CIENA CORP (CIEN), reported multiple disposals on 09/20/2025 related to withholding for tax obligations on previously awarded restricted stock units (RSUs). The Form 4 lists four withholding transactions executed at a price of $138.37 per share, with amounts of 741, 867, 508 and 489 shares reported as disposed. The filing notes these withholdings correspond to RSU award agreements dated 12/13/2022, 12/12/2023, 12/17/2024 and 12/14/2021; the RSU grants themselves were previously disclosed on the filer’s earlier Form 4 filings. The tables show the reporting person’s beneficial ownership figures following the transactions as 84,092, 83,225, 82,717 and 82,228 shares, respectively. The Form appears to be a routine insider tax-withholding disclosure and is signed on behalf of the reporting person.

Sheela Kosaraju, SVP and General Counsel of CIENA Corporation (CIEN), reported multiple share dispositions on 09/20/2025 at $138.37 per share. The transactions reflect shares withheld to satisfy tax obligations tied to previously granted restricted stock units (RSUs) and include both RSUs and performance stock units (PSUs). Individual withholding lots were 164, 728, 578, 345, and 106 shares, leaving the reporting person with a beneficial ownership reported in the range of 86,408 to 88,165 shares across line items. All transactions are reported as dispositions related to tax withholding for awards granted on specific prior dates.