Lumentum (LITE) SVP Jae Kim sells shares under Rule 10b5-1 trading plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lumentum Holdings Inc. SVP and General Counsel Jae Kim reported recent share activity in company stock. On May 18, 2026, Kim executed an open-market sale of 1,422 shares of common stock at $953.95 per share under a pre-arranged Rule 10b5-1 trading plan. On May 15, 2026, 1,416 shares were withheld by the company to cover income tax obligations tied to vesting restricted stock units, a non-market transaction. Following these events, Kim directly holds 32,333 shares of Lumentum common stock, including 57 shares acquired through the Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,422 shares ($1,356,517)
Net Sell
2 txns
Insider
Kim Jae
Role
SVP, GENERAL COUNSEL
Sold
1,422 shs ($1.36M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,422 | $953.95 | $1.36M |
| Tax Withholding | Common Stock | 1,416 | $970.70 | $1.37M |
Holdings After Transaction:
Common Stock — 32,333 shares (Direct)
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 57 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 February 6, 2026.
Key Figures
Shares sold: 1,422 shares
Sale price: $953.95 per share
Tax withholding shares: 1,416 shares
+2 more
5 metrics
Shares sold
1,422 shares
Open-market sale on May 18, 2026 at $953.95 per share
Sale price
$953.95 per share
Open-market sale of Lumentum common stock by Jae Kim
Tax withholding shares
1,416 shares
Withheld on May 15, 2026 to satisfy RSU-related income tax
Shares held after transactions
32,333 shares
Direct Lumentum common stock holdings following Form 4 transactions
ESPP shares acquired
57 shares
Acquired via Employee Stock Purchase Plan on May 15, 2026
Key Terms
Rule 10b5-1 trading plan, restricted stock units, Employee Stock Purchase Plan, income tax withholding, +1 more
5 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 February 6, 2026."
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
"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 57 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.
income tax withholding financial
"withheld by the Issuer to satisfy income tax withholding and remittance obligations"
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.
FAQ
What insider transactions did Lumentum (LITE) SVP Jae Kim report?
Jae Kim reported one share sale and one tax-related share withholding. Kim sold 1,422 Lumentum common shares on May 18, 2026, and had 1,416 shares withheld on May 15, 2026, to satisfy income tax obligations tied to restricted stock unit vesting.