HERSCHER PENNY 4
4 · Lumentum Holdings Inc. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Lumentum (LITE) Director Penny Herscher Sells Shares
What Happened Penny Herscher, a director of Lumentum Holdings, sold a total of 4,000 shares of Lumentum (LITE) in open-market transactions on February 12, 2026. The sales were reported in eight blocks with the following weighted-average prices and proceeds:
- 812 shares @ $594.42 = $482,668
- 419 shares @ $595.19 = $249,385
- 1,037 shares @ $596.28 = $618,340
- 427 shares @ $597.90 = $255,305
- 363 shares @ $599.01 = $217,439
- 434 shares @ $600.04 = $260,417
- 349 shares @ $601.17 = $209,807
- 159 shares @ $602.63 = $95,818
Total shares sold: 4,000; approximate total proceeds: $2,389,179. These are sales (code S), not purchases or option exercises.
Key Details
- Transaction date: February 12, 2026; Form 4 filed February 13, 2026 (filed timely).
- Reported weighted-average prices for each block (see list above); underlying trades occurred at price ranges between $593.89 and $601.72 (see footnotes).
- Shares owned after the transaction: not disclosed in this Form 4 filing.
- Notable footnotes: sales were executed in multiple trades (footnotes F1–F7 list price ranges for each block; the reporting person offers to provide a breakdown on request). Footnote F8 indicates the shares are held by the "Bret Anders Herscher and Penelope Ann Herscher TTEES 2001 Herscher Family Trust U/A/D 6/14/2001."
- Transaction code: S = Sale (open-market disposition).
Context These were open-market sales by a company director. Sales are common for liquidity, diversification, or trust-related reasons and do not by themselves indicate the director’s view of company prospects. The filing provides weighted-average prices and price ranges for the multiple trades; the reporting person has offered to provide a per-trade breakdown to SEC staff, the issuer, or a security holder upon request.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-02-12$594.42/sh−812$482,668→ 5,245 total - Sale
Common Stock
[F2]2026-02-12$595.19/sh−419$249,385→ 4,826 total - Sale
Common Stock
[F3]2026-02-12$596.28/sh−1,037$618,340→ 3,789 total - Sale
Common Stock
[F4]2026-02-12$597.90/sh−427$255,305→ 3,362 total - Sale
Common Stock
[F5]2026-02-12$599.01/sh−363$217,439→ 2,999 total - Sale
Common Stock
[F6]2026-02-12$600.04/sh−434$260,417→ 2,565 total - Sale
Common Stock
[F7]2026-02-12$601.17/sh−349$209,807→ 2,216 total - Sale
Common Stock
2026-02-12$602.63/sh−159$95,818→ 2,057 total
- 39,378(indirect: By Trust)
Common Stock
[F8]
Footnotes (8)
- [F1]These sales were executed in multiple trades at prices ranging from $593.89 to $594.74. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide full information regarding the number of shares sold at each separate price, within the ranges set forth in footnotes (1) through (7) to this Form 4, upon request, to the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer.
- [F2]These sales were executed in multiple trades at prices ranging from $594.98 to $595.71.
- [F3]These sales were executed in multiple trades at prices ranging from $596.12 to $597.10.
- [F4]These sales were executed in multiple trades at prices ranging from $597.33 to $598.27.
- [F5]These sales were executed in multiple trades at prices ranging from $598.48 to $599.10.
- [F6]These sales were executed in multiple trades at prices ranging from $599.66 to $600.26.
- [F7]These sales were executed in multiple trades at prices ranging from $600.86 to $601.72.
- [F8]These shares are held by Bret Anders Herscher and Penelope Ann Herscher TTEES 2001 Herscher Family Trust U/A/D 6/14/2001.