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Director Herscher trims Lumentum Holdings (LITE) stake in open-market sales

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Penny Herscher, a director of Lumentum Holdings Inc., reported a series of open-market sales of the company’s common stock on February 12, 2026. The transactions were coded as open-market sales, with individual trade sizes ranging from 159 to 1,037 shares.

The weighted average sale prices disclosed for these trades ranged from $594.4192 to $602.63 per share, with detailed price ranges provided in the footnotes. Following the reported sales, Herscher directly holds 2,057 shares of Lumentum common stock and indirectly holds 39,378 shares through the 2001 Herscher Family Trust.

Positive

  • None.

Negative

  • None.
Insider HERSCHER PENNY
Role Director
Sold 4,000 shs ($2.39M)
Type Security Shares Price Value
Sale Common Stock 812 $594.4192 $483K
Sale Common Stock 419 $595.1906 $249K
Sale Common Stock 1,037 $596.2777 $618K
Sale Common Stock 427 $597.9037 $255K
Sale Common Stock 363 $599.0061 $217K
Sale Common Stock 434 $600.0402 $260K
Sale Common Stock 349 $601.1662 $210K
Sale Common Stock 159 $602.63 $96K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 5,245 shares (Direct); Common Stock — 39,378 shares (Indirect, Living Trust)
Footnotes (1)
  1. These sales were executed in multiple trades at prices ranging from $593.89 to $594.74. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide full information regarding the number of shares sold at each separate price, within the ranges set forth in footnotes (1) through (7) to this Form 4, upon request, to the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer. These sales were executed in multiple trades at prices ranging from $594.98 to $595.71. These sales were executed in multiple trades at prices ranging from $596.12 to $597.10. These sales were executed in multiple trades at prices ranging from $597.33 to $598.27. These sales were executed in multiple trades at prices ranging from $598.48 to $599.10. These sales were executed in multiple trades at prices ranging from $599.66 to $600.26. These sales were executed in multiple trades at prices ranging from $600.86 to $601.72. These shares are held by Bret Anders Herscher and Penelope Ann Herscher TTEES 2001 Herscher Family Trust U/A/D 6/14/2001.
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*
HERSCHER PENNY
(Last) (First) (Middle)
C/O LUMENTUM HOLDINGS INC.
1001 RIDDER PARK DRIVE
(Street)
SAN JOSE CA 95131
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Lumentum Holdings Inc. [ LITE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026
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 02/12/2026 S 812 D $594.4192(1) 5,245 D
Common Stock 02/12/2026 S 419 D $595.1906(2) 4,826 D
Common Stock 02/12/2026 S 1,037 D $596.2777(3) 3,789 D
Common Stock 02/12/2026 S 427 D $597.9037(4) 3,362 D
Common Stock 02/12/2026 S 363 D $599.0061(5) 2,999 D
Common Stock 02/12/2026 S 434 D $600.0402(6) 2,565 D
Common Stock 02/12/2026 S 349 D $601.1662(7) 2,216 D
Common Stock 02/12/2026 S 159 D $602.63 2,057 D
Common Stock 39,378 I Living Trust(8)
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. These sales were executed in multiple trades at prices ranging from $593.89 to $594.74. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide full information regarding the number of shares sold at each separate price, within the ranges set forth in footnotes (1) through (7) to this Form 4, upon request, to the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer.
2. These sales were executed in multiple trades at prices ranging from $594.98 to $595.71.
3. These sales were executed in multiple trades at prices ranging from $596.12 to $597.10.
4. These sales were executed in multiple trades at prices ranging from $597.33 to $598.27.
5. These sales were executed in multiple trades at prices ranging from $598.48 to $599.10.
6. These sales were executed in multiple trades at prices ranging from $599.66 to $600.26.
7. These sales were executed in multiple trades at prices ranging from $600.86 to $601.72.
8. These shares are held by Bret Anders Herscher and Penelope Ann Herscher TTEES 2001 Herscher Family Trust U/A/D 6/14/2001.
/s/ Jae Kim as Attorney-in-Fact 02/13/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Lumentum (LITE) director Penny Herscher report?

Director Penny Herscher reported multiple open-market sales of Lumentum common stock on February 12, 2026. Each sale involved between 159 and 1,037 shares, at weighted average prices between $594.4192 and $602.63 per share, as disclosed in the Form 4.

What prices were received in Penny Herscher’s recent Lumentum (LITE) stock sales?

The reported trades used weighted average sale prices from $594.4192 to $602.63 per share. Footnotes state each transaction comprised multiple trades within tighter ranges, with full per-trade pricing information available upon request from the company, regulators, or shareholders.

How many Lumentum (LITE) shares does Penny Herscher own after these transactions?

After the reported sales, Penny Herscher directly owns 2,057 Lumentum common shares. In addition, she has indirect ownership of 39,378 shares held through the 2001 Herscher Family Trust, as identified in the footnote describing the trust’s holdings.

Were Penny Herscher’s Lumentum (LITE) stock trades open-market sales?

Yes. Each reported transaction is coded “S” for sale and described as an open-market or private sale. The filing lists multiple sales of common stock on February 12, 2026, each with a specific number of shares and weighted average sale price.

What role does Penny Herscher hold at Lumentum (LITE)?

Penny Herscher is identified as a director of Lumentum Holdings Inc. in the filing. The relationship section confirms her status as a director, with no officer position or 10% ownership reported in connection with these Form 4 transactions.

How are the indirect Lumentum (LITE) shares held for Penny Herscher?

The Form 4 notes that 39,378 Lumentum shares are held indirectly through the 2001 Herscher Family Trust. The footnote explains these shares are held by Bret Anders Herscher and Penelope Ann Herscher as trustees under that family trust agreement.