Form 4: Ciena Corp Executive Gage Brodie Reports Stock Sale
SEC Form 4
SVP Global Products & Supply at Ciena Corp, Gage Brodie, reports selling 350 shares of common stock at $58.51 per share on April 15, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On April 15, 2025, Gage Brodie, SVP Global Products & Supply at Ciena Corp, sold 350 shares of common stock.
- The sale was executed at a price of $58.51 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan established on September 6, 2024.
- Following the transaction, Brodie directly owns 46,583 shares, including unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports a routine stock sale under a pre-arranged trading plan.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than company performance. The use of a 10b5-1 plan suggests the sale was pre-planned.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of Rule 10b5-1 trading plan |
| 04/15/2025 | Date of stock sale |
| 04/16/2025 | Date of signature |
Keywords
Form 4, Insider Trading, Stock Sale, CIEN, Ciena Corp, Gage Brodie, Rule 10b5-1
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