Joseph Cumello - 16 Dec 2024 Form 4 Insider Report for CIENA CORP (CIEN)

Signature
By: Michelle Rankin For: Joseph Cumello
Issuer symbol
CIEN
Transactions as of
16 Dec 2024
Net transactions value
-$114,837
Form type
4
Filing time
18 Dec 2024, 12:32:06 UTC
Previous filing
19 Nov 2024
Next filing
19 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIEN Common Stock Sale $114,837 -1,289 -3.3% $89.09 38,197 16 Dec 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 Sales were effected pursuant to Rule 10b5-1 trading plan dated 01/08/2024.
F2 Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).