HURLSTON MICHAEL E. 4

What Happened

• Michael E. Hurlston, President & CEO and Director of Lumentum Holdings (LITE), had 5,438 shares withheld/disposed to satisfy income tax withholding obligations tied to the vesting of restricted stock units. The withholding was recorded at $970.70 per share, totaling approximately $5,278,667. This is a routine tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: May 15, 2026; Filing date (Form 4): May 19, 2026 (filed within the required two business days).
• Price per share: $970.70; Shares withheld/disposed: 5,438; Total value: ~$5,278,667.
• Footnote F1: Shares were withheld by the issuer to satisfy income tax withholding and remittance obligations on vested RSUs.
• Footnote F2: The filing also notes 107 shares acquired pursuant to the issuer's Employee Stock Purchase Plan on May 15, 2026.
• Shares owned after transaction: Not specified in the provided filing details.

Context

• Code F transactions reflect tax withholding (net share settlement) for equity awards and are routine—they generally do not signal a change in insider confidence.
• This was not an open-market sale nor an option exercise-to-sell; it was a disposition by the company to cover withholding on vested awards.