Kosaraju Sheela 4

What Happened
Sheela Kosaraju, Senior Vice President and General Counsel of Ciena (CIEN), had a total of 2,012 shares withheld to cover tax liabilities related to restricted stock/unit vesting. The withholding dispositions occurred on March 20, 2026, at $383.89 per share, generating approximately $772,386 in aggregate value. These transactions are tax-withholding dispositions (Code F), not open-market sales initiated by the insider.

Key Details

• Transaction date: March 20, 2026; Filing date: March 24, 2026 (filed within the required two business days).
• Breakdown by lot:
  • 164 shares @ $383.89 = $62,958
  • 728 shares @ $383.89 = $279,472
  • 578 shares @ $383.89 = $221,888
  • 344 shares @ $383.89 = $132,058
  • 198 shares @ $383.89 = $76,010
  • Total: 2,012 shares, ≈ $772,386
• Shares owned after the transaction: not specified in this filing.
• Notable footnotes: shares were withheld to satisfy tax liabilities tied to multiple RSU award agreements (dated 12/13/2022; 2/1/2023; 12/12/2023; 12/17/2024; 12/16/2025). Footnote F2 indicates the reported shares include unvested RSUs and PSUs. Prior acquisitions for these awards were reported on earlier Forms 3/4 as noted in the filing.

Context
Code F (tax withholding) indicates a routine, compensation-related disposition: shares are surrendered/withheld at vesting to cover tax obligations. This is common for RSU/PSU vesting and does not by itself signal the insider’s view of the stock—unlike voluntary open-market sales or purchases. The reporting person is an executive (SVP & General Counsel), not a disclosed 10% owner.