Harris Isaac Hosojiro 4
Research Summary
AI-generated summary
Lumentum (LITE) Director Harris Hosojiro Sells 4,000 Shares
What Happened
Harris Isaac Hosojiro, a director of Lumentum Holdings Inc. (LITE), sold 4,000 shares in an open-market transaction on May 29, 2026. The shares were sold at $860.00 each for total proceeds of $3,440,000. This was a sale (S) rather than a purchase; the filing indicates the sale was executed under a prearranged trading plan.
Key Details
- Transaction date and price: 2026-05-29 — 4,000 shares sold at $860.00 per share.
- Total value: $3,440,000.
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnote: Sale executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.
- Filing: Form 4 filed 2026-06-01 reporting the May 29 transaction; no late-filing indicator was provided in the supplied accession.
Context
A Rule 10b5-1 plan allows insiders to sell pre-scheduled shares and is commonly used to avoid trading based on material nonpublic information. Such planned sales are generally considered routine and do not, by themselves, indicate a change in an insider’s view of the company.