Gage Brodie 4

What Happened
Gage Brodie, SVP Global Products & Supply at CIENA Corp (CIEN), sold 5,000 shares in an open-market transaction on March 24, 2026 at $405.00 per share, for total proceeds of $2,025,000. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date and price: 2026-03-24 — 5,000 shares sold at $405.00 each.
• Total value: $2,025,000.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: (1) Sale executed pursuant to a Rule 10b5-1 trading plan dated 07/01/2025. (2) Reported share counts include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
• Filing timeliness: Reported on 2026-03-25 for a 2026-03-24 transaction (filed the next day), indicating timely disclosure in this record.

Context
Sales executed under Rule 10b5-1 plans are pre-scheduled and commonly reflect planned diversification or liquidity needs rather than a real-time view on the company’s prospects. The inclusion of unvested RSUs/PSUs in reported holdings can make beneficial ownership figures larger than just vested shares. This filing is informational; it does not, by itself, indicate insider sentiment.