Lumentum (LITE) SVP & General Counsel Kim Jae Sells 12,000 Shares

What Happened

• Kim Jae, Senior Vice President and General Counsel of Lumentum Holdings, reported multiple open‑market sales on August 25, 2026 totaling 12,000 shares for aggregate proceeds of approximately $10,231,017. Individual sale prices ranged roughly from $842.06 to $860.69 across multiple trades. The filing also shows an award/acquisition of 1,635 restricted stock units (RSUs) with a $0 acquisition price (i.e., a grant).

Key Details

• Transaction date: August 25, 2026 (Form 4 filed August 27, 2026).
• Type: Sales (open market) — total sold 12,000 shares; proceeds ≈ $10.23M. Also: 1,635 RSUs granted (acquired at $0).
• Price ranges: trades executed across many price buckets (approximately $842.06–$860.69); several footnotes report narrower ranges for subsets of trades.
• Plan: Sales were made pursuant to a Rule 10b5‑1 trading plan adopted February 6, 2026 (footnote F1).
• RSU vesting: these are restricted stock units; 1/3 vests one year from grant, remainder vests in eight equal quarterly installments thereafter (footnote F18).
• Shares owned after transaction: not specified in the supplied filing details.
• Filing timeliness: Form 4 was filed two days after the trade date (not indicated as late).

Context

• A Rule 10b5‑1 plan allows insiders to execute pre‑scheduled trades and is commonly used to avoid questions about trading on nonpublic information; sales under such plans are generally considered routine rather than a fresh signal of insider sentiment.
• RSU grants are compensation and vest over time; they do not necessarily reflect an immediate purchase decision by the insider.