Kosaraju Sheela 4
4 · CIENA CORP · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Ciena (CIEN) SVP Sheela Kosaraju Sells Shares to Cover Taxes
What Happened
Sheela Kosaraju, Senior Vice President and General Counsel of Ciena (CIEN), had a total of 2,012 shares withheld to cover tax liabilities related to restricted stock/unit vesting. The withholding dispositions occurred on March 20, 2026, at $383.89 per share, generating approximately $772,386 in aggregate value. These transactions are tax-withholding dispositions (Code F), not open-market sales initiated by the insider.
Key Details
- Transaction date: March 20, 2026; Filing date: March 24, 2026 (filed within the required two business days).
- Breakdown by lot:
- 164 shares @ $383.89 = $62,958
- 728 shares @ $383.89 = $279,472
- 578 shares @ $383.89 = $221,888
- 344 shares @ $383.89 = $132,058
- 198 shares @ $383.89 = $76,010
- Total: 2,012 shares, ≈ $772,386
- Shares owned after the transaction: not specified in this filing.
- Notable footnotes: shares were withheld to satisfy tax liabilities tied to multiple RSU award agreements (dated 12/13/2022; 2/1/2023; 12/12/2023; 12/17/2024; 12/16/2025). Footnote F2 indicates the reported shares include unvested RSUs and PSUs. Prior acquisitions for these awards were reported on earlier Forms 3/4 as noted in the filing.
Context
Code F (tax withholding) indicates a routine, compensation-related disposition: shares are surrendered/withheld at vesting to cover tax obligations. This is common for RSU/PSU vesting and does not by itself signal the insider’s view of the stock—unlike voluntary open-market sales or purchases. The reporting person is an executive (SVP & General Counsel), not a disclosed 10% owner.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-03-20$383.89/sh−164$62,958→ 95,967 total - Tax Payment
Common Stock
[F3][F2]2026-03-20$383.89/sh−728$279,472→ 95,239 total - Tax Payment
Common Stock
[F4][F2]2026-03-20$383.89/sh−578$221,888→ 94,661 total - Tax Payment
Common Stock
[F5][F2]2026-03-20$383.89/sh−344$132,058→ 94,317 total - Tax Payment
Common Stock
[F6][F2]2026-03-20$383.89/sh−198$76,010→ 94,119 total
Footnotes (6)
- [F1]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/13/2022. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 3 filed on 2/3/2023.
- [F2]Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
- [F3]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 2/1/2023. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 2/3/2023.
- [F4]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/12/2023. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/14/2023.
- [F5]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/17/2024. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/19/2024.
- [F6]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/16/2025. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/18/2025.