Lumentum (LITE) SVP General Counsel Kim Jae Sells Shares

What Happened

• Kim Jae, SVP and General Counsel of Lumentum (LITE), disposed of a total of 7,803 shares across three transactions between Aug 19–21, 2026, totaling about $6,611,727. Details:
  • 2026-08-19: 1,973 shares withheld to satisfy tax obligations at $827.60 each — $1,632,855 (tax-withholding).
  • 2026-08-20: 1,904 shares sold in the open market at $827.82 each — $1,576,169 (open-market sale under 10b5-1).
  • 2026-08-21: 3,926 shares withheld to satisfy tax obligations at $866.71 each — $3,402,703 (tax-withholding).
• These were disposals (sales/withholdings), not purchases.

Key Details

• Transaction dates & prices: Aug 19 ($827.60), Aug 20 ($827.82), Aug 21 ($866.71).
• Total shares disposed: 7,803; total proceeds/consideration: ~$6,611,727.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 indicates shares were withheld by the issuer to satisfy income tax withholding for vested restricted stock units; F2 indicates the Aug 20 open-market sale was made pursuant to a Rule 10b5-1 trading plan adopted Feb 6, 2026.
• Filing: Form 4 filed Aug 21, 2026 — within the normal two-business-day reporting window for these transactions.

Context

• The F-code (tax-withholding) transactions reflect shares retained by the company to cover taxes on vesting (a cashless settlement of RSUs), not a market sale by the insider in those two instances.
• The Aug 20 sale was executed under a pre-established 10b5-1 plan, which schedules sales in advance.
• Sales do not by themselves indicate management sentiment about the company; purchases are generally considered a stronger bullish signal. All statements here are factual and avoid speculation about motivation.