[Form 4] Lumentum Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Ali Wajid, EVP & Chief Financial Officer of Lumentum Holdings, reported multiple equity transactions on Form 4. On 08/19/2025 he was granted 22,760 restricted stock units (RSUs) that vest over time under the 2015 Equity Incentive Plan. On 08/21/2025 he acquired 9,152 shares upon satisfaction of performance stock unit (PSU) conditions related to a 2024 grant. Also on 08/21/2025 the issuer withheld 10,067 shares to satisfy income tax withholding in connection with RSU/PSU vesting. After these events he beneficially owned 67,315 shares following the withholding-adjusted transaction totals shown on the form.

Positive

• Substantial RSU grant of 22,760 units indicates continued executive retention incentives
• PSU conversion of 9,152 shares shows performance conditions were met and compensated accordingly
• Beneficial ownership increased on a gross basis to 77,382 shares before withholding

Negative

• 10,067 shares withheld to satisfy tax obligations reduced net delivered shares to 67,315
• Disposition reported at $117.43 (withholding) reduces immediately realizable shares for the reporting person

Insights

Financial Analyst

TL;DR: Routine executive compensation vesting and tax withholding increased vested ownership while reducing net delivered shares.

The filings reflect standard equity compensation mechanics: time-based RSUs granted (22,760 RSUs) with a staggered vesting schedule and performance-based PSUs converted to 9,152 shares upon the Compensation Committee's certification. The 10,067-share disposition at $117.43 is explicitly a withholding to meet tax obligations, not a market sale. Net effect: reported beneficial ownership rises from the initial totals to 77,382 before withholding and 67,315 after withholding. This is a non-operational, non-liquidity-driven insider event and is generally neutral for valuation but signals continued executive alignment with equity incentives.

Corporate Governance Expert

TL;DR: Governance practices appear standard: equity grants follow plan terms and tax withholding was executed as expected.

The document shows adherence to the Issuer's 2015 Equity Incentive Plan and committee-determined performance outcomes for PSUs. Vesting terms (one-year cliff then quarterly installments) are disclosed for RSUs, providing transparency on retention incentives. The withheld shares for taxes are documented, consistent with common practice to satisfy withholding without open-market sales. No unusual related-party or delegation flags are present in the filing.

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
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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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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	08/19/2025		A(1)		22,760	A	$0	68,230	D
Common Stock	08/21/2025		A(2)		9,152	A	$0	77,382	D
Common Stock	08/21/2025		F(3)		10,067	D	$117.43	67,315	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. These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive, following vesting, one share of the Issuer's Common Stock. 1/3 of the shares shall vest one year from the grant date, and the remaining shares shall vest in eight (8) equal quarterly installments thereafter on the 15th of November, February, May and August, subject to the Reporting Person continuing to be an employee through each such date, or as provided under the Issuer's 2015 Equity Incentive Plan.

2. Represents the acquisition of shares upon the determination of the Compensation Committee of the Board of Directors of the Issuer that certain performance conditions were met with respect to certain performance stock units ("PSUs") granted to the Reporting Person on August 21, 2024.

3. Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of RSUs and PSUs.

	/s/ Jae Kim as Attorney-in-Fact	08/21/2025
	** 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.

FAQ

What transactions did Ali Wajid report for Lumentum (LITE)?

The Form 4 shows a grant of 22,760 RSUs on 08/19/2025, acquisition of 9,152 shares from PSUs on 08/21/2025, and 10,067 shares withheld for taxes on 08/21/2025.

How many Lumentum shares did Ali Wajid beneficially own after these transactions?

Following the reported transactions and tax withholding, the filing shows 67,315 shares beneficially owned by the reporting person.

Why were 10,067 Lumentum shares disposed of at $117.43?

The filing states those shares were withheld by the issuer to satisfy income tax withholding and remittance obligations related to RSU and PSU vesting.

Do the transactions indicate a sale of shares by the executive?

No. The 10,067-share disposition is documented as tax withholding, not an open-market sale; other reported transactions are grant-related acquisitions.

What are the vesting terms for the RSUs reported?

The RSUs vest with one-third after one year from grant and the remainder in eight equal quarterly installments on November 15, February 15, May 15 and August 15, subject to continued employment.