CFO stock sale and tax withholding at Lumentum (NASDAQ: LITE)

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Lumentum Holdings Inc. executive vice president and chief financial officer Ali Wajid reported recent stock transactions. On May 18, he completed an open-market sale of 2,487 shares of common stock at an average price of $953.95 per share, under a pre-arranged Rule 10b5-1 trading plan. On May 15, 2,914 shares were withheld by the company to cover income tax obligations tied to vesting restricted stock units, which is not an open-market sale. After these transactions, he directly owned 60,951 common shares.

Insider Trade Summary 10b5-1

Net Seller: 2,487 shares ($2,372,474)

Net Sell 2 txns

Insider Ali Wajid

Role EVP & CHIEF FINANCIAL OFFICER

Sold 2,487 shs ($2.37M)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,487	$953.95	$2.37M
Tax Withholding	Common Stock	2,914	$970.70	$2.83M

Holdings After Transaction: Common Stock — 60,951 shares (Direct, null)

Footnotes (1)

Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of restricted stock units. Includes 65 shares acquired pursuant to the Issuer's Employee Stock Purchase Plan on May 15, 2026. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 28, 2025.

Key Figures

Open-market sale: 2,487 shares Sale price: $953.95 per share Tax-withheld shares: 2,914 shares +3 more

6 metrics

Open-market sale 2,487 shares Common Stock sold on May 18, 2026

Sale price $953.95 per share Average price for 2,487-share sale

Tax-withheld shares 2,914 shares Withheld on May 15, 2026 for RSU tax

Tax-withholding price $970.70 per share Value used for 2,914 withheld shares

Shares held after transactions 60,951 shares Direct common stock ownership after reported transactions

ESP plan acquisition 65 shares Acquired through Employee Stock Purchase Plan on May 15, 2026

Key Terms

Rule 10b5-1 trading plan, restricted stock units, Employee Stock Purchase Plan, open-market sale

4 terms

Rule 10b5-1 trading plan regulatory

"These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 28, 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 financial

"withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Employee Stock Purchase Plan financial

"Includes 65 shares acquired pursuant to the Issuer's Employee Stock Purchase Plan on May 15, 2026."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

open-market sale financial

"transaction_action": "open-market sale""

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.

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 08:02 PM

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^*

Ali Wajid

(Last)

(First)

(Middle)

C/O LUMENTUM HOLDINGS INC.

1001 RIDDER PARK DRIVE

(Street)

SAN JOSE

CALIFORNIA

95131

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lumentum Holdings Inc. [ LITE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & CHIEF FINANCIAL OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/15/2026		F⁽¹⁾		2,914	D	$970.7	63,438⁽²⁾	D
Common Stock	05/18/2026		S⁽³⁾		2,487	D	$953.95	60,951	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of restricted stock units.

2. Includes 65 shares acquired pursuant to the Issuer's Employee Stock Purchase Plan on May 15, 2026.

3. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 28, 2025.

	/s/ Jae Kim as Attorney-in-Fact	05/19/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Lumentum (LITE) CFO Ali Wajid report?

Ali Wajid reported an open-market sale of 2,487 Lumentum common shares and a separate tax-withholding disposition of 2,914 shares. The tax-withheld shares satisfied income tax obligations on vesting restricted stock units, while the sale was executed under a Rule 10b5-1 plan.

How many Lumentum (LITE) shares did the CFO sell and at what price?

The CFO sold 2,487 shares of Lumentum common stock at an average price of $953.95 per share. This transaction was classified as an open-market sale and was executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted in November 2025.

What was the purpose of the 2,914 Lumentum (LITE) shares disposed on May 15, 2026?

The 2,914 shares disposed on May 15, 2026 were withheld by Lumentum to cover income tax withholding and remittance obligations from vesting restricted stock units. This tax-withholding disposition is not an open-market sale and reflects a standard compensation-related mechanism.

How many Lumentum (LITE) shares does the CFO hold after these transactions?

Following the reported transactions, Ali Wajid directly holds 60,951 shares of Lumentum common stock. This figure reflects his remaining direct ownership after the open-market sale of 2,487 shares and the separate withholding of 2,914 shares for tax obligations related to equity compensation.

Were Lumentum (LITE) CFO’s stock sales made under a Rule 10b5-1 plan?

Yes, the 2,487-share open-market sale by the Lumentum CFO was executed under a Rule 10b5-1 trading plan. The filing states that this plan was adopted by the reporting person on November 28, 2025, indicating the transaction was pre-arranged rather than opportunistic.

Did the Lumentum (LITE) CFO acquire any shares through an employee plan?

The filing notes that the reported holdings include 65 shares acquired via Lumentum’s Employee Stock Purchase Plan on May 15, 2026. This addition is part of his direct ownership and reflects ongoing participation in the company’s employee stock purchase program.