Gage Brodie 4

What Happened
Gage Brodie, SVP Global Products & Supply at CIENA Corp (CIEN), sold 1,200 shares in an open-market transaction on 2026-05-15 at $570.65 per share, for total proceeds of $684,780. This was a sale (not a purchase or award).

Key Details

• Transaction date: 2026-05-15; Price: $570.65 per share; Total proceeds: $684,780.
• Transaction type: Sale (code S), reported as an open-market or private sale.
• Filed with SEC on 2026-05-19 (filed within required reporting window).
• Footnote F1: Sale executed pursuant to a Rule 10b5-1 trading plan originally dated 07/01/2025 and modified 12/23/2025.
• Footnote F2: Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
• Shares owned after the transaction: not specified in the filing.

Context
The sale was made under a pre-established 10b5-1 trading plan, which indicates the transaction followed a scheduled plan rather than an ad hoc trade. Sales by insiders are common and often routine; they do not, by themselves, indicate management sentiment about the company's prospects.