KUMAR DEVINDER 4

What Happened Kumar Devinder, a director of CIENA Corp (CIEN), received an award of 605 restricted stock units (RSUs) on 2026-03-26. The Form 4 reports the acquisition as 605 shares at $0.00 (an RSU grant), meaning no cash was paid for the award at grant. The reported grant value on the form is $0.00; any market value would depend on CIEN's stock price at vesting.

Key Details

• Transaction date: 2026-03-26; Form 4 filed 2026-03-30 (appears to be within required reporting window).
• Amount: 605 RSUs granted; acquisition price reported as $0.00.
• Shares owned after transaction: not specified in the filing excerpt provided.
• Footnotes: F1 — RSUs vest in full on the first anniversary of the grant. F2 — Shares reported include unvested RSUs.
• Transaction type code: A (award/grant). No sale or purchase occurred.

Context This was a compensation grant (RSUs) to a director, not an open-market purchase or sale. RSU grants are common as part of director compensation and represent a future right to shares subject to vesting; they do not necessarily indicate immediate buying or selling intent. The RSUs vest in one year per the filing, at which point the director will receive shares (subject to any withholding).