Lumentum (NASDAQ: LITE) director shifts 4,954 shares into exchange fund

Rhea-AI Filing Summary

Lumentum Holdings Inc. director Ian Small disposed of 4,954 shares of Common Stock on May 21, 2026. The shares were contributed to an exchange fund, giving him the right to receive fund shares at a later date, rather than representing a typical open-market sale.

The contributed Lumentum shares were valued at $868.07 per share, based on the prior Nasdaq closing price used for the exchange. After this transaction, Small directly holds 21,008 Lumentum shares, indicating he retains a meaningful equity position while diversifying through the exchange fund structure.

Insights

Equity analyst

Director shifts part of his stake into a diversification vehicle while keeping a sizeable holding.

Director Ian Small contributed 4,954 shares of Lumentum Holdings Inc. Common Stock to an exchange fund, with the shares valued at $868.07 each for the exchange. This is recorded as a disposition but functions more like a portfolio diversification move than a straightforward cash sale.

The footnote explains that Small no longer has voting control over the contributed shares and does not direct the fund’s investments or the specific securities he will ultimately receive. He continues to own 21,008 Lumentum shares directly, so his ongoing equity exposure remains significant based on this filing alone.

Because this transaction is routed through an exchange fund and not repeated across multiple insiders or tied to any disclosed operational development, it appears as a routine personal financial decision. Its informational value for the broader Lumentum investment case is limited and should be weighed against future insider activity and company fundamentals.

Insider Trade Summary

Net Seller: 4,954 shares ($4,300,419)

Net Sell 1 txn

Insider Small Ian

Role null

Sold 4,954 shs ($4.30M)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,954	$868.07	$4.30M

Holdings After Transaction: Common Stock — 21,008 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares disposed: 4,954 shares Valuation price: $868.07 per share Shares held after: 21,008 shares +1 more

4 metrics

Shares disposed 4,954 shares Common Stock contributed on May 21, 2026

Valuation price $868.07 per share Closing price used for exchange fund contribution

Shares held after 21,008 shares Direct Lumentum holdings following the transaction

Exchange fund holding period At least seven years Expected time before receiving exchange fund shares

Key Terms

exchange fund, escrow account, voting control, Common Stock

4 terms

exchange fund financial

"contributed the Common Stock to an exchange fund in exchange for the right to receive shares"

escrow account financial

"The shares were originally transferred into an escrow account on May 19, 2026"

An escrow account is a neutral holding account run by an independent third party where cash, shares, or documents are kept until specific contract conditions are met — like a referee holding the ball until both teams agree the play is fair. Investors care because escrows reduce counterparty risk in deals (mergers, stock purchases, property transactions), ensuring payments or assets are released only when agreed terms are satisfied.

voting control financial

"The Reporting Person has no further voting control over the transferred shares"

Common Stock financial

"The Common Stock was valued at $868.07, which was the closing price"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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^*

Small Ian

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/21/2026		S(1)		4,954	D	$868.07	21,008	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person contributed the Common Stock to an exchange fund in exchange for the right to receive shares in the exchange fund at a later date which is expected to be at least seven years from the date of transfer. The shares were originally transferred into an escrow account on May 19, 2026 before the official contribution on May 21, 2026. The Reporting Person has no further voting control over the transferred shares, nor does he control the investment decisions of the exchange fund or the shares he ultimately receives in exchange for the transferred shares. For purposes of determining the number of shares of the exchange fund issuable pursuant to such exchange, the Common Stock was valued at $868.07, which was the closing price of the Common Stock on The Nasdaq Global Select Market on the day prior to the exchange.

	/s/ Jae Kim as Attorney-in-Fact	05/22/2026
	** 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)

FAQ

What insider transaction did Lumentum (LITE) director Ian Small report?

Ian Small reported disposing of 4,954 shares of Lumentum Common Stock. The shares were contributed to an exchange fund, meaning he exchanged direct ownership of Lumentum shares for a future interest in a diversified fund portfolio instead of a simple cash sale.

At what price were Ian Small’s Lumentum (LITE) shares valued in the exchange?

The contributed Lumentum shares were valued at $868.07 per share for the exchange. This valuation used the closing price of Lumentum Common Stock on the Nasdaq Global Select Market on the trading day immediately before the exchange fund contribution took place.

How many Lumentum (LITE) shares does Ian Small hold after this transaction?

Following the exchange fund contribution, Ian Small directly holds 21,008 shares of Lumentum Common Stock. This post-transaction holding shows he maintained a substantial direct equity position in the company even after shifting part of his stake into the exchange fund structure.

Does Ian Small retain voting control over the Lumentum (LITE) shares placed in the exchange fund?

No, he does not retain voting control over the contributed shares. The footnote states he has no further voting control over those Lumentum shares and does not control the exchange fund’s investment decisions or the specific securities he ultimately receives from the fund.

How does the exchange fund structure affect Ian Small’s Lumentum (LITE) exposure?

The exchange fund reduces his direct exposure to Lumentum by transferring 4,954 shares into a diversified vehicle. In return, he is entitled to receive shares of the exchange fund in the future, while still holding 21,008 Lumentum shares directly after the transaction.

When is Ian Small expected to receive shares from the exchange fund linked to his Lumentum (LITE) contribution?

He is expected to receive shares in the exchange fund at least seven years after the transfer date. This long minimum holding period emphasizes that the transaction is structured as a long-term diversification step rather than a short-term trading move or immediate liquidity event.