CIENA (CIEN) EVP Gage Brodie Sells Shares to Cover Taxes

What Happened
Gage Brodie, EVP & Chief Product Officer of CIENA (CIEN), had a total of 1,934 shares disposed (withheld) on Sept 20, 2026 to cover tax liabilities related to vested restricted stock unit (RSU) awards. All shares were recorded at $348.80 per share, for aggregate proceeds/withholding value of approximately $674,579. These transactions are tax-withholding (code F) disposals rather than open-market sales.

Key Details

• Transaction date and price: 2026-09-20 at $348.80 per share.
  • 204 shares — $71,155 (withheld)
  • 442 shares — $154,170 (withheld)
  • 669 shares — $233,347 (withheld)
  • 388 shares — $135,334 (withheld)
  • 231 shares — $80,573 (withheld)
• Total shares withheld/disposed: 1,934; total value ≈ $674,579.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: Withholdings relate to tax liabilities on multiple RSU award agreements (dates: 10/27/2023; 12/13/2022; 12/12/2023; 12/17/2024; 12/16/2025). Filing notes that reported share totals include unvested RSUs and Performance Stock Units (PSUs).
• Filing date: 2026-09-22 (transaction reported within the typical two-business-day insider reporting window).

Context
These transactions are routine tax-withholding events for vested equity awards (not purchases or discretionary open-market sales). Transaction code F indicates shares were withheld to satisfy tax obligations related to RSUs; this is effectively a cashless settlement and does not necessarily signal a change in the insider’s view of the company.