Retort Vincent 4

What Happened

• Vincent Retort, Executive Vice President, Module Business Unit R&D and Product Development at Lumentum (LITE), disposed of a total of 6,480 shares in mid‑February 2026 for roughly $3.59 million.
• On 2026-02-15, 3,039 shares were withheld by the issuer to satisfy income tax withholding related to restricted stock unit (RSU) vesting (reported as a tax withholding payment, code F) totaling about $1.71M. On 2026-02-17, he sold 3,441 shares in multiple open‑market trades (code S) for roughly $1.88M, with trade prices reported in multiple ranges (roughly $530.70 to $557.99).

Key Details

• Transaction dates: 2026-02-15 (tax withholding/settlement) and 2026-02-17 (open‑market sales). Form 4 filed 2026-02-18 (timely).
• Prices: tax‑withheld shares accounted at $562.74 each; open‑market sales executed across multiple trades with prices ranging approximately $530.70–$557.99 (footnotes give narrower ranges per trade group).
• Shares disposed: 3,039 (tax withholding) + 3,441 (open market) = 6,480 shares. Gross proceeds from open‑market sales ≈ $1.88M; combined value including withheld shares ≈ $3.59M.
• Shares owned after transaction: not disclosed in the provided Form 4 excerpt.
• Notable footnotes: tax withholding for RSU vesting (F1); some sales were executed pursuant to a Rule 10b5‑1 trading plan adopted Nov 13, 2025 (F2); multiple trades and weighted‑average reporting for several price ranges (F3–F16).

Context

• The 3,039‑share action is a tax withholding in connection with RSU vesting (common and not a market sentiment signal by itself). The remaining 3,441 shares were sold in the open market, some under a pre‑arranged 10b5‑1 plan, which schedules sales regardless of short‑term views.
• These were sales (not purchases). Retail investors often view purchases as more informative of insider confidence; sales can be routine (taxes, diversification, pre‑planned trades). No inference about motivation should be drawn from the filing alone.