Ciena (CIEN) Director Thomas M. Nevens Sells & Gifts Shares

What Happened

• Thomas M. Nevens, a director of Ciena Corp (CIEN), disposed of shares in two transactions: he sold 3,738 shares in an open-market sale on 2026-09-23 at $359.04 per share for proceeds of $1,342,092, and on 2026-09-24 he made a gift of 2,797 shares (no consideration received).

Key Details

• Transactions: 2026-09-23 — Sale (S) 3,738 shares @ $359.04, proceeds $1,342,092; 2026-09-24 — Gift (G) 2,797 shares, no proceeds.
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Footnotes: F1 notes reported shares include unvested Restricted Stock Units (RSUs); F2 confirms the 2,797 shares were gifted with no consideration to the reporting person.
• Filing date/timeliness: Form 4 was filed 2026-09-25. This appears timely under standard Form 4 rules (filed within the required 1–2 business days).

Context

• Sales and gifts by directors can be routine (for diversification, tax planning, or personal reasons) and do not necessarily signal a change in sentiment; gifts specifically do not reflect a market-view decision. No purchases or option exercises were reported in this filing.