Gage Brodie 4

What Happened

• Gage Brodie, Senior Vice President, Global Products & Supply at CIENA (CIEN), had a total of 1,932 shares disposed on 2026-03-20 via share-withholding to cover tax liabilities tied to restricted stock unit (RSU) awards. Each share was valued at $383.89, for a total disposal value of $741,675.48. These transactions are recorded as tax-withholding dispositions (transaction code F), not open-market sell orders.

Key Details

• Transaction date and price: 2026-03-20 at $383.89 per share.
• Shares disposed (by award/footnote grouping): 230, 204, 442, 669 and 387 shares (total 1,932).
• Total value: $741,675.48.
• Shares owned after transaction: not specified in the summary provided — see the filed Form 4 for current beneficial ownership.
• Notable footnotes: disposals represent shares withheld to pay tax liabilities on RSU awards dated 12/16/2025, 10/27/2023, 12/13/2022, 12/12/2023 and 12/17/2024. Footnote F2 notes reported share totals include unvested RSUs and Performance Stock Units (PSUs).
• Filing timeliness: Form 4 filed on 2026-03-24 for transactions on 2026-03-20. That filing date falls within the standard two business-day window for Form 4 reporting (timely).

Context

• These transactions are tax-withholding dispositions (code F): the company withheld and disposed of vested award shares to satisfy tax obligations. This is a common administrative step when RSUs/PSUs vest and generally does not signal the same market intent as an open-market sale by the insider.
• For more detail on the original awards and any remaining unvested holdings, consult the referenced prior Form 4/Form 3 filings noted in the footnotes.