Graff Marc D., the Executive Vice President and Chief Financial Officer of Ciena Corporation, has reported a transaction involving the sale of 97 shares of the company's common stock. This transaction, dated October 1, 2026, is significant as it reflects the ongoing activity of executives within the telecommunications industry.
Ciena Corporation, known for its role in the manufacturing of telecommunications equipment, has been actively navigating the competitive landscape of the sector. The company is headquartered in Hanover, Maryland, and is listed under the ticker symbol CIEN.
What the Filing Says
According to the SEC filing, Graff's transaction was executed at a price of $355.19 per share. Following this sale, he retains ownership of 107,136 shares, which includes unvested Restricted Stock Units (RSUs). The filing noted, "Sales were affected pursuant to Rule 10b5-1 trading plan dated 03/25/2026." This indicates that the sale was pre-arranged under a trading plan designed to comply with SEC regulations.
Impact
This transaction may affect various stakeholders, including investors and analysts monitoring Ciena's executive activities. Transparency in executive transactions is crucial for maintaining investor confidence, especially in a rapidly evolving industry like telecommunications.
What's Next
The filing does not say what happens next.
Filing Details
The SEC filing, designated as Form 4, was submitted on October 6, 2026, and pertains to a transaction that occurred on October 1, 2026. It is categorized under the 1934 Act and is part of Ciena Corporation's ongoing compliance with SEC regulations.
Ownership Structure
Following the sale of shares, Marc D. Graff continues to hold a significant number of shares, totaling 107,136. This figure includes unvested Restricted Stock Units (RSUs), indicating his continued stake in the company and alignment with shareholder interests.
Company Information
Ciena Corporation operates within the manufacturing sector, specifically classified under the Standard Industrial Classification code for Telephone & Telegraph Apparatus. The company's fiscal year ends on October 31, and it is incorporated in the state of Maryland.
Signature and Filing Authority
The filing was signed by Michelle Rankin on behalf of Marc D. Graff, indicating that the submission was authorized and compliant with SEC requirements. This adds a layer of accountability to the transaction.
Additional Context
The filing does not provide further details on the reasons behind the sale or any potential future transactions by Graff or other executives at Ciena Corporation.