Ali Wajid 4

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.