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Sale of 45,026 LITE (NASDAQ: LITE) shares planned under Rule 144

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

A holder of LITE common stock has filed a notice of proposed sale of 45,026 shares under Rule 144. The shares are to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services on the NASDAQ, with an approximate sale date of 02/12/2026 and an aggregate market value of 26,624,903.16.

The class is common stock, and there were 71,400,000 shares outstanding at the time indicated. The seller acquired these 45,026 shares on 08/15/2024 from the issuer as performance and restricted stock, with payment described as not applicable, consistent with equity awards rather than a cash purchase.

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does LITE's Form 144 filing disclose about planned share sales?

The filing discloses a planned sale of 45,026 LITE common shares. These shares, with an aggregate market value of 26,624,903.16, are expected to be sold on NASDAQ through Morgan Stanley Smith Barney LLC, providing advance notice of a potential secondary market transaction.

How many LITE shares are outstanding in the Form 144 disclosure?

The Form 144 notes 71,400,000 LITE common shares outstanding. This figure serves as a baseline context for the planned sale of 45,026 shares, showing the proposed transaction represents a very small portion of the company’s total equity base.

When were the LITE shares in this Form 144 acquired and how?

The 45,026 LITE shares were acquired on 08/15/2024. They were received from the issuer as performance and restricted stock, indicating a compensation-related equity grant rather than an open-market cash purchase, with the nature of payment described as not applicable.

Which broker will handle the LITE Form 144 share sale?

The proposed sale will be handled by Morgan Stanley Smith Barney LLC. Specifically, the Executive Financial Services group at 1 New York Plaza is listed as the broker, and the transaction is expected to occur on the NASDAQ exchange under standard brokerage arrangements.

What is the approximate date of the LITE share sale in the Form 144?

The approximate date of sale disclosed is 02/12/2026. This date reflects when the holder expects to begin selling the 45,026 LITE common shares on NASDAQ, subject to market conditions and Rule 144 requirements for resales of restricted or controlled securities.

What is the aggregate market value of LITE shares in this Form 144?

The aggregate market value of the planned sale is 26,624,903.16. This value is tied to the 45,026 LITE common shares to be sold, giving investors a sense of the total dollar size of the proposed secondary transaction in the open market.
Lumentum Hldgs Inc

NASDAQ:LITE

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Communication Equipment
Communications Equipment, Nec
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United States
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