Ali Wajid 4
4 · Lumentum Holdings Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Lumentum (LITE) CFO Ali Wajid Sells Shares
What Happened
Ali Wajid, Chief Financial Officer of Lumentum Holdings (LITE), had 2,914 shares withheld on May 15, 2026 to satisfy income tax withholding related to RSU vesting (2,914 x $970.70 = $2,828,620). He sold 2,487 shares in the open market on May 18, 2026 at $953.95 per share for total proceeds of $2,372,474. The withholding was a tax-related disposition; the subsequent sale was executed under a pre-established trading plan.
Key Details
- Transaction dates & amounts:
- 2026-05-15: 2,914 shares withheld at $970.70/share = $2,828,620 (tax withholding for RSU vesting)
- 2026-05-18: 2,487 shares sold open market at $953.95/share = $2,372,474
- Shares owned after the transactions: Not specified in the provided filing
- Footnotes from the filing:
- F1: Withheld shares satisfy income tax withholding/remittance obligations for RSU vesting
- F2: Includes 65 shares acquired via the Issuer’s Employee Stock Purchase Plan on May 15, 2026
- F3: May 18 sale was pursuant to a Rule 10b5‑1 trading plan adopted Nov 28, 2025
- Filing info: Form 4 filed 2026-05-19 (Accession 0001561100-26-000003), covering transactions dated 5/15 and 5/18/2026
Context
The May 15 withholding is a routine tax settlement tied to RSU vesting (not an active market sale). The May 18 disposition was carried out under a Rule 10b5‑1 plan, which typically reflects pre-set instructions rather than a new, discretionary insider sale. Aside from 65 ESPP shares noted in F2, no meaningful purchases were reported.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-05-15$970.70/sh−2,914$2,828,620→ 63,438 total - Sale
Common Stock
[F3]2026-05-18$953.95/sh−2,487$2,372,474→ 60,951 total
Footnotes (3)
- [F1]Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of restricted stock units.
- [F2]Includes 65 shares acquired pursuant to the Issuer's Employee Stock Purchase Plan on May 15, 2026.
- [F3]These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 28, 2025.