SMITH GARY B 4
4 · CIENA CORP · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Ciena (CIEN) CEO Gary B. Smith Sells 2,952 Shares
What Happened
Gary B. Smith, President, CEO and a director of Ciena Corporation, sold 2,952 shares in an open-market transaction on 2026-02-02. The filing reports a weighted average sale price of $265.60, resulting in gross proceeds of about $784,057. The sales were executed pursuant to a Rule 10b5-1 trading plan established on 2025-10-04.
Key Details
- Transaction date: 2026-02-02 (reported on Form 4 filed 2026-02-04).
- Price(s): weighted average $265.60; sales ranged from $248.6950 to $270.6550 (footnote F2).
- Shares sold: 2,952; total proceeds ≈ $784,057.
- Plan: Sales made under a 10b5-1 trading plan dated 10/04/2025 (footnote F1).
- Shares owned after transaction: not specified in the filing; the filing notes reported holdings include unvested RSUs and PSUs (footnote F3).
- Timeliness: Filing appears timely (transaction 2/2/2026; Form 4 filed 2/4/2026).
- Transaction code: S = Sale.
Context
A 10b5-1 plan is a pre-arranged program that allows insiders to sell shares on a set schedule and is commonly used to avoid timing concerns; such sales are typically viewed as routine rather than a direct signal of changed views about the company. Footnote F2 indicates the weighted average reflects multiple trade prices and the SEC can request a per-trade breakdown if needed.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-02-02$265.60/sh−2,952$784,057→ 301,940 total
Footnotes (3)
- [F1]Sales were affected pursuant to Rule 10b5-1 trading plan dated 10/04/2025.
- [F2]Reflects the weighted average sales price with transactions in a range of sales from $248.6950 to $270.6550. Upon request by the SEC, full information regarding the number of shares sold at each separate sales price will be provided.
- [F3]Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).