Insider trade

CEO sold ~$1.38M of CIEN shares in the open market

Traded Jul 1, 2026 · Filed Jul 7, 2026

CienaCIEN

~$1.38M
Reported value · 2,952 sh @ $468.8252: 255K
Holds after · shares reported: -18.0%
stock since the trade · S&P 500 +2.4%, $462.44 → $379.14 on Oct 1

Why it stands out

The boss of Ciena sold $1.38M of Ciena shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Jul 1, 2026
Reporting period: Not applicable
Filed with the SEC: Jul 7, 2026

CEO$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$1,383,972

Shares × reported transaction price

Timing vs results

27 days after results of Jun 4, 2026, 64 days before results of Sep 3, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $462.44 on Jul 1, 2026, 495% above its 52-week low and 26% below its high, after a 12% drop over the previous 30 trading days

52-week range $77.75 (Jul 11, 2025) to $627.00 (Jun 2, 2026), 70% of the way up, from 251 adjusted closes. 30 trading days earlier: $524.53 on May 18, 2026. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+6.7%	+0.6%	+6.1%
30 days	-3.6%	+2.8%	-6.4%

Past results only. Not a forecast.

Source receipt

Record ID: 0001032553-26-000029
Filed / recorded: Jul 7, 2026, 12:33 AM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: CIENA CORP
Issuer CIK: 936395
Ticker: CIEN
Reporting person: Gary B Smith
Relationship: Director, Officer
Officer title: President, CEO
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Jul 1, 2026
Transaction code: S
Shares / units: 2,952
Price per share: $468.8252
Acquired / disposed: Disposed (D)
Shares owned after: 254,886
Ownership form: Direct
Amendment: No

Footnotes from the filing

Sales were affected pursuant to Rule 10b5-1 trading plan dated 10/04/2025.
Reflects the weighted average sales price with transactions in a range of sales from $459.8400 to $480.5050. Upon request by the SEC, full information regarding the number of shares sold at each separate sales price will be provided.
Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).