Phipps Jason 4

4 · CIENA CORP · Filed Mar 24, 2026

AI-generated summary of this filing

Updated Mar 24, 2026

Ciena (CIEN) SVP Jason Phipps Sells Shares for Tax Withholding

What Happened

Jason Phipps, SVP Global Sales and Marketing at Ciena (CIEN), had 2,374 shares withheld on 2026-03-20 to cover tax liabilities tied to restricted stock unit (RSU) awards. The shares were recorded as disposed at $383.89 per share, totaling about $911,354 across four withholding events: 269 shares ($103,266), 736 shares ($282,543), 863 shares ($331,297), and 506 shares ($194,248).
This was a tax-withholding disposal of RSU/PSU awards (routine administrative transaction), not an open-market sale meant to signal investment intent.

Key Details

Transaction date: 2026-03-20; filing date: 2026-03-24 (filed within the two-business-day SEC window).
Price per share: $383.89 for all reported disposals.
Total shares withheld/disposed: 2,374 shares; total proceeds/value: approximately $911,354.
Shares owned after the transaction: Not specified in the Form 4 provided.
Footnotes: Withholdings relate to multiple RSU award agreements (grant dates reported 12/13/2022; 12/12/2023; 12/17/2024; 12/16/2025). Reported shares include unvested RSUs and Performance Stock Units (PSUs).
Transaction code: F = tax withholding to satisfy tax liabilities on awards.

Context

These withholdings are a common, administrative means to pay taxes when RSUs/PSUs vest and do not necessarily indicate the insider is reducing their exposure through market sales. For retail investors, purchases are generally more informative about insider sentiment; routine tax withholdings are standard corporate practice.

Form 4

Period: 2026-03-20

SVP Global Sales and Marketing

Transactions

Tax Payment
Common Stock
[F1][F2]
2026-03-20$383.89/sh−269$103,266→ 91,496 total
Tax Payment
Common Stock
[F3][F2]
2026-03-20$383.89/sh−736$282,543→ 90,760 total
Tax Payment
Common Stock
[F4][F2]
2026-03-20$383.89/sh−863$331,297→ 89,897 total
Tax Payment
Common Stock
[F5][F2]
2026-03-20$383.89/sh−506$194,248→ 89,391 total

Footnotes (5)

[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 12/16/2025. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/18/2025.
[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 12/13/2022. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/15/2022.
[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.

Signature

By: Michelle Rankin For: Jason Phipps|2026-03-24

1 file