HERSCHER PENNY 4

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.