Rothenstein David M 4
4 · CIENA CORP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
CIENA (CIEN) SVP David Rothenstein Sells 2,500 Shares
What Happened
David M. Rothenstein, SVP & Chief Strategy Officer of CIENA Corp (CIEN), reported a sale of 2,500 shares on 2026-02-17. The weighted-average sale price was $300.20, for total proceeds of approximately $750,498. This was a sale (S) reported as an open-market/private sale and was executed pursuant to a pre-established Rule 10b5-1 trading plan.
Key Details
- Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (filed within the standard 2-business-day window).
- Price: weighted average $300.20; reported range of sale prices $288.71 to $306.54 (footnote says SEC can request per-price breakdown).
- Shares sold: 2,500; total value ≈ $750,498.
- Transaction type: Sale (S) under a Rule 10b5-1 plan (10/10/2025) — indicates an automated plan, not an ad-hoc sale.
- Shares reported include unvested RSUs and PSUs (footnote F3). The filing did not specify post-transaction total holdings in the provided excerpt.
Context
Sales executed under 10b5-1 plans are typically pre-arranged and do not necessarily signal a change in insider sentiment. This report documents a routine disposition rather than a purchase or option exercise.
Insider Transaction Report
Form 4
CIENA CORPCIEN
Rothenstein David M
SVP and Chief Strategy Officer
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-02-17$300.20/sh−2,500$750,498→ 199,694 total
Footnotes (3)
- [F1]Sales were affected pursuant to Rule 10b5-1 trading plan dated 10/10/2025.
- [F2]Reflects the weighted average sales price with transactions in a range of sales from $288.71 to $306.54. Upon request by the SEC, full information regarding the number of shares sold at each separate sales price will be provided.
- [F3]Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Signature
By: Michelle Rankin For: David M Rothenstein|2026-02-18