Wupen Yuen 4

What Happened

• Wupen Yuen, President, Global Business Units at Lumentum (LITE), had 3,481 shares withheld to satisfy tax withholding on vested restricted stock units (worth $1,958,898) on Feb 15, 2026, and sold 3,157 shares in an open-market transaction on Feb 17, 2026 for $538.00 each (total $1,698,466). Both transactions are dispositions (shares removed from his holdings).

Key Details

• Dates and prices:
  • 2026-02-15: 3,481 shares withheld at $562.74/share — $1,958,898 (tax withholding on RSU vesting) [F1].
  • 2026-02-17: 3,157 shares sold open-market at $538.00/share — $1,698,466 (10b5-1 plan) [F2].
• Footnotes:
  • F1: Shares withheld by the issuer to satisfy income tax withholding related to RSU vesting.
  • F2: The Feb 17 sale was made pursuant to a Rule 10b5-1 trading plan adopted Nov 5, 2025.
• Shares owned after the transactions: Not specified in the provided filing.
• Filing timeliness: Form 4 was filed on 2026-02-18, within the typical two-business-day reporting window (not marked late).

Context

• The Feb 15 action was a tax-withholding disposition tied to RSU vesting (common and administrative). The Feb 17 sale was executed under a pre-established 10b5-1 plan, which typically schedules trades in advance and is not an ad hoc market-timing decision. Both are disposals rather than purchases and do not, by themselves, indicate management’s forward-looking confidence or lack thereof.