Julia Suzanne Johnson - Nov 17, 2023 Form 4 Insider Report for Lumentum Holdings Inc. (LITE)

Role
Director
Signature
/s/ Judy G. Hamel as Attorney-in-Fact
Stock symbol
LITE
Transactions as of
Nov 17, 2023
Transactions value $
-$51,370
Form type
4
Date filed
11/21/2023, 06:58 PM
Previous filing
Nov 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction LITE Common Stock +Grant/Award $0 +5,416 +30.46% $0.00 23,195 Nov 17, 2023 Direct F1
transaction LITE Common Stock -Sell -$51,370 -1,163 -5.01% $44.17 22,032 Nov 20, 2023 Direct F2

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each share is represented by a restricted stock unit (RSU). Each RSU represents the contingent right to receive, following vesting, one share of Common Stock of the Issuer. 100% of the RSUs shall vest on the earlier of November 17, 2024 or the day prior to the the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person continuing through such date as a Service Provider, as defined under the Issuer's 2015 Equity Incentive Plan.
F2 These shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on August 21, 2023.