Kim Jae 4

What Happened Kim Jae, Senior Vice President and General Counsel at Lumentum Holdings (LITE), disposed of a total of 2,838 shares in mid‑May 2026 for aggregate proceeds of about $2,731,028. On May 15, 2026, 1,416 shares were withheld/disposed at $970.70 per share to satisfy tax withholding related to RSU vesting (proceeds reported $1,374,511). On May 18, 2026, 1,422 shares were sold in an open‑market transaction at $953.95 per share (proceeds reported $1,356,517). These were sales, not purchases.

Key Details

• Transaction dates and prices:
  • 2026-05-15: 1,416 shares withheld/disposed at $970.70 — $1,374,511 (tax withholding on vesting).
  • 2026-05-18: 1,422 shares sold open market at $953.95 — $1,356,517 (10b5-1 plan sale).
• Total shares sold: 2,838; total proceeds: ~$2.73M.
• Shares owned after transaction: not specified in the provided summary (check full Form 4 for post-transaction holdings).
• Footnotes:
  • F1: Withheld shares were used to satisfy income tax withholding on RSU vesting.
  • F2: The May 15 withholding includes 57 shares acquired via the company's Employee Stock Purchase Plan.
  • F3: The May 18 sale was executed under a pre-established Rule 10b5-1 trading plan adopted Feb 6, 2026.
• Filing: Form 4 was filed May 19, 2026 (the form lists the May 15 and May 18 transactions).

Context

• The May 15 disposition was a tax-withholding share surrender tied to RSU vesting (a routine administrative step, not an open-market sale of vested shares).
• The May 18 sale was executed under a Rule 10b5-1 plan, which is a prearranged trading program that typically removes timing discretion by the insider.
• Sales by executives can be routine (tax payments, diversification, planned trades) and do not by themselves indicate company prospects; see the full Form 4 and ongoing filings for more detail.