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[Form 4] Ciena Corporation Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 filing: Ciena Corporation (CIEN) granted SVP & CFO Marc D. Graff 118,312 restricted stock units (RSUs) on 08/01/2025 at a cost basis of $0. The award raises his directly held beneficial ownership to 118,312 CIEN shares, all currently unvested.

The RSUs vest 25 % on 08/01/2026; the remaining 75 % vest in equal 6.25 % quarterly tranches each Nov-1, Feb-1, May-1 and Aug-1 until full vesting in 2029. No derivative transactions were reported. At CIEN鈥檚 ~147 m shares outstanding, the grant equates to roughly 0.08 % potential dilution and is a routine retention incentive rather than a market-moving event.

Dichiarazione Form 4: Ciena Corporation (CIEN) ha assegnato al SVP e CFO Marc D. Graff 118.312 unit脿 di azioni vincolate (RSU) il 01/08/2025 con un costo base di $0. Il premio porta la sua propriet脿 diretta di azioni CIEN a 118.312, tutte attualmente non maturate.

Le RSU maturano il 25% il 01/08/2026; il restante 75% matura in tranche trimestrali uguali del 6,25% ciascuna il 1掳 novembre, 1掳 febbraio, 1掳 maggio e 1掳 agosto fino al completo maturamento nel 2029. Non sono state segnalate operazioni derivative. Con circa 147 milioni di azioni in circolazione di CIEN, l'assegnazione corrisponde a circa lo 0,08% di potenziale diluizione ed 猫 un incentivo di retention di routine, non un evento che muove il mercato.

Presentaci贸n del Formulario 4: Ciena Corporation (CIEN) otorg贸 al SVP y CFO Marc D. Graff 118,312 unidades de acciones restringidas (RSUs) el 01/08/2025 con un costo base de $0. La adjudicaci贸n eleva su propiedad directa beneficiosa a 118,312 acciones de CIEN, todas actualmente no adquiridas.

Las RSUs se consolidan en un 25 % el 01/08/2026; el 75 % restante se consolida en tramos trimestrales iguales del 6,25 % cada 1 de noviembre, 1 de febrero, 1 de mayo y 1 de agosto hasta la consolidaci贸n total en 2029. No se reportaron transacciones derivadas. Con aproximadamente 147 millones de acciones en circulaci贸n de CIEN, la adjudicaci贸n equivale a aproximadamente un 0,08 % de diluci贸n potencial y es un incentivo rutinario de retenci贸n, no un evento que mueva el mercado.

Form 4 鞝滌稖: Ciena Corporation(CIEN)鞚 2025雲� 8鞗� 1鞚� SVP 瓴� CFO Marc D. Graff鞐愱矊 118,312臧滌潣 鞝滍暅 欤检嫕 雼渼(RSU)毳� 鞗愱皜 旮办 $0搿� 攵鞐枅鞀惦媹雼�. 鞚� 靾橃儊鞙茧 攴胳潣 歆侅爲 氤挫湢 鞚挫澋 歆攵勳潃 順勳灛 氇憪 氙疙檿鞝� 靸來儨鞚� 118,312 CIEN 欤检嫕鞙茧 歃濌皜頄堨姷雼堧嫟.

RSU電� 2026雲� 8鞗� 1鞚检棎 25%臧 頇曥爼霅橂┌, 雮橂ǜ歆 75%電� 11鞗� 1鞚�, 2鞗� 1鞚�, 5鞗� 1鞚�, 8鞗� 1鞚检棎 臧侁皝 6.25%鞌� 攵勴暊霅橃柎 2029雲� 鞕勳爠 頇曥爼霅� 霑岅箤歆 攵勱赴氤勲 頇曥爼霅╇媹雼�. 韺岇儩靸來拡 瓯半灅電� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. CIEN鞚� 鞎� 1鞏� 4700毵� 欤� 氚滍枆 欤检嫕 旮办鞙茧 鞚措矆 攵鞐姅 鞎� 0.08%鞚� 鞛犾灛鞝� 頋劃 須臣鞐� 頃措嫻頃橂┌, 鞁滌灔鞐� 韥� 鞓來枼鞚� 氙胳箻電� 靷贝鞚� 鞎勲媽 鞚检儊鞝侅澑 鞙犾 鞚胳劶韹半笇鞛呺媹雼�.

D茅p么t du formulaire 4 : Ciena Corporation (CIEN) a accord茅 au SVP et CFO Marc D. Graff 118 312 unit茅s d'actions restreintes (RSU) le 01/08/2025 avec une base de co没t de 0 $. Cette attribution porte sa propri茅t茅 b茅n茅ficiaire directe 脿 118 312 actions CIEN, toutes actuellement non acquises.

Les RSU acqui猫rent 25 % le 01/08/2026 ; les 75 % restants s'acqui猫rent par tranches trimestrielles 茅gales de 6,25 % chacune les 1er novembre, 1er f茅vrier, 1er mai et 1er ao没t jusqu'脿 l'acquisition totale en 2029. Aucune transaction d茅riv茅e n'a 茅t茅 signal茅e. Avec environ 147 millions d'actions en circulation chez CIEN, cette attribution 茅quivaut 脿 environ 0,08 % de dilution potentielle et constitue une incitation de r茅tention courante plut么t qu'un 茅v茅nement susceptible de faire bouger le march茅.

Formular 4 Meldung: Ciena Corporation (CIEN) gew盲hrte dem SVP & CFO Marc D. Graff am 01.08.2025 118.312 Restricted Stock Units (RSUs) zu einem Anschaffungskostenwert von 0 $. Die Zuteilung erh枚ht seinen direkt gehaltenen wirtschaftlichen Anteil auf 118.312 CIEN-Aktien, die alle derzeit unverfallen sind.

Die RSUs verfallen zu 25 % am 01.08.2026; die restlichen 75 % verfallen in gleichen viertelj盲hrlichen Tranchen von jeweils 6,25 % am 1. November, 1. Februar, 1. Mai und 1. August bis zur vollst盲ndigen Verfallung im Jahr 2029. Es wurden keine Derivatgesch盲fte gemeldet. Bei ca. 147 Mio. ausstehenden CIEN-Aktien entspricht die Zuteilung etwa 0,08 % potenzieller Verw盲sserung und stellt einen routinem盲脽igen Bindungsanreiz dar, kein marktrelevantes Ereignis.

Positive
  • Enhanced management alignment: RSU grant ties CFO compensation to long-term share performance.
  • Minimal dilution risk: 118k shares represent only ~0.08 % of outstanding equity.
Negative
  • No open-market purchase: Grant does not reflect CFO鈥檚 valuation conviction; purely compensatory.
  • Extended vesting horizon: Benefits to shareholders materialize slowly over four years.

Insights

TL;DR: Routine CFO RSU grant; aligns incentives, negligible dilution, neutral market impact.

The 118k-share RSU award to CFO Marc Graff follows standard executive compensation cadence and reinforces management-shareholder alignment. Vesting structure encourages long-term performance, but the position is immaterial to CIEN鈥檚 float, hence limited EPS or ownership impact. No open-market buying/selling was disclosed, so the filing does not signal insider sentiment on valuation. Overall, the event is administratively important yet financially non-material for investors.

Dichiarazione Form 4: Ciena Corporation (CIEN) ha assegnato al SVP e CFO Marc D. Graff 118.312 unit脿 di azioni vincolate (RSU) il 01/08/2025 con un costo base di $0. Il premio porta la sua propriet脿 diretta di azioni CIEN a 118.312, tutte attualmente non maturate.

Le RSU maturano il 25% il 01/08/2026; il restante 75% matura in tranche trimestrali uguali del 6,25% ciascuna il 1掳 novembre, 1掳 febbraio, 1掳 maggio e 1掳 agosto fino al completo maturamento nel 2029. Non sono state segnalate operazioni derivative. Con circa 147 milioni di azioni in circolazione di CIEN, l'assegnazione corrisponde a circa lo 0,08% di potenziale diluizione ed 猫 un incentivo di retention di routine, non un evento che muove il mercato.

Presentaci贸n del Formulario 4: Ciena Corporation (CIEN) otorg贸 al SVP y CFO Marc D. Graff 118,312 unidades de acciones restringidas (RSUs) el 01/08/2025 con un costo base de $0. La adjudicaci贸n eleva su propiedad directa beneficiosa a 118,312 acciones de CIEN, todas actualmente no adquiridas.

Las RSUs se consolidan en un 25 % el 01/08/2026; el 75 % restante se consolida en tramos trimestrales iguales del 6,25 % cada 1 de noviembre, 1 de febrero, 1 de mayo y 1 de agosto hasta la consolidaci贸n total en 2029. No se reportaron transacciones derivadas. Con aproximadamente 147 millones de acciones en circulaci贸n de CIEN, la adjudicaci贸n equivale a aproximadamente un 0,08 % de diluci贸n potencial y es un incentivo rutinario de retenci贸n, no un evento que mueva el mercado.

Form 4 鞝滌稖: Ciena Corporation(CIEN)鞚 2025雲� 8鞗� 1鞚� SVP 瓴� CFO Marc D. Graff鞐愱矊 118,312臧滌潣 鞝滍暅 欤检嫕 雼渼(RSU)毳� 鞗愱皜 旮办 $0搿� 攵鞐枅鞀惦媹雼�. 鞚� 靾橃儊鞙茧 攴胳潣 歆侅爲 氤挫湢 鞚挫澋 歆攵勳潃 順勳灛 氇憪 氙疙檿鞝� 靸來儨鞚� 118,312 CIEN 欤检嫕鞙茧 歃濌皜頄堨姷雼堧嫟.

RSU電� 2026雲� 8鞗� 1鞚检棎 25%臧 頇曥爼霅橂┌, 雮橂ǜ歆 75%電� 11鞗� 1鞚�, 2鞗� 1鞚�, 5鞗� 1鞚�, 8鞗� 1鞚检棎 臧侁皝 6.25%鞌� 攵勴暊霅橃柎 2029雲� 鞕勳爠 頇曥爼霅� 霑岅箤歆 攵勱赴氤勲 頇曥爼霅╇媹雼�. 韺岇儩靸來拡 瓯半灅電� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. CIEN鞚� 鞎� 1鞏� 4700毵� 欤� 氚滍枆 欤检嫕 旮办鞙茧 鞚措矆 攵鞐姅 鞎� 0.08%鞚� 鞛犾灛鞝� 頋劃 須臣鞐� 頃措嫻頃橂┌, 鞁滌灔鞐� 韥� 鞓來枼鞚� 氙胳箻電� 靷贝鞚� 鞎勲媽 鞚检儊鞝侅澑 鞙犾 鞚胳劶韹半笇鞛呺媹雼�.

D茅p么t du formulaire 4 : Ciena Corporation (CIEN) a accord茅 au SVP et CFO Marc D. Graff 118 312 unit茅s d'actions restreintes (RSU) le 01/08/2025 avec une base de co没t de 0 $. Cette attribution porte sa propri茅t茅 b茅n茅ficiaire directe 脿 118 312 actions CIEN, toutes actuellement non acquises.

Les RSU acqui猫rent 25 % le 01/08/2026 ; les 75 % restants s'acqui猫rent par tranches trimestrielles 茅gales de 6,25 % chacune les 1er novembre, 1er f茅vrier, 1er mai et 1er ao没t jusqu'脿 l'acquisition totale en 2029. Aucune transaction d茅riv茅e n'a 茅t茅 signal茅e. Avec environ 147 millions d'actions en circulation chez CIEN, cette attribution 茅quivaut 脿 environ 0,08 % de dilution potentielle et constitue une incitation de r茅tention courante plut么t qu'un 茅v茅nement susceptible de faire bouger le march茅.

Formular 4 Meldung: Ciena Corporation (CIEN) gew盲hrte dem SVP & CFO Marc D. Graff am 01.08.2025 118.312 Restricted Stock Units (RSUs) zu einem Anschaffungskostenwert von 0 $. Die Zuteilung erh枚ht seinen direkt gehaltenen wirtschaftlichen Anteil auf 118.312 CIEN-Aktien, die alle derzeit unverfallen sind.

Die RSUs verfallen zu 25 % am 01.08.2026; die restlichen 75 % verfallen in gleichen viertelj盲hrlichen Tranchen von jeweils 6,25 % am 1. November, 1. Februar, 1. Mai und 1. August bis zur vollst盲ndigen Verfallung im Jahr 2029. Es wurden keine Derivatgesch盲fte gemeldet. Bei ca. 147 Mio. ausstehenden CIEN-Aktien entspricht die Zuteilung etwa 0,08 % potenzieller Verw盲sserung und stellt einen routinem盲脽igen Bindungsanreiz dar, kein marktrelevantes Ereignis.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Graff Marc D.

(Last) (First) (Middle)
C/O CIENA CORPORATION
7035 RIDGE RD.

(Street)
HANOVER MD 21076-1426

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CIENA CORP [ CIEN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP & Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/01/2025 A 118,312(1) A $0 118,312(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Reflects Restricted Stock Units (RSUs) that vest over four years, with one-quarter of the grant amount vesting on August 1, 2026, and thereafter with one-sixteenth of the grant amount vesting on November 1, February 1, May 1, and August 1 of each succeeding year.
2. Shares reported include unvested Restricted Stock Units (RSUs).
By: Michelle Rankin For: Marc D. Graff 08/05/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many CIEN shares were granted to the CFO?

Marc D. Graff received 118,312 restricted stock units.

When do the RSUs vest for CIEN鈥檚 CFO?

25 % on 08/01/2026 and 6.25 % quarterly until full vesting in 2029.

Did the CFO buy or sell any CIEN shares on the open market?

No. The filing shows a compensatory RSU grant, not market transactions.

What percentage of CIEN鈥檚 shares does this grant represent?

Approximately 0.08 % of the company鈥檚 ~147 million shares outstanding.

Does this Form 4 indicate insider sentiment about CIEN鈥檚 valuation?

Not necessarily; RSU grants are routine and do not involve cash purchases.
Ciena Corp

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13.33B
140.06M
0.82%
102.41%
3.84%
Communication Equipment
Telephone & Telegraph Apparatus
United States
HANOVER