Form 4: Ciena SVP Brodie Gage Reports Stock Sale Under 10b5-1 Plan
SEC Form 4
Brodie Gage, SVP at Ciena Corporation, sold 350 shares of common stock at $78.67 per share under a pre-arranged 10b5-1 trading plan.
Summary
- On May 15, 2025, Brodie Gage, SVP at Ciena Corporation, reported a transaction involving the sale of 350 shares of Ciena's common stock.
- The sale was executed at a price of $78.67 per share.
- This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan established on September 6, 2024.
- Following the reported transaction, Gage beneficially owns 46,233 shares, including unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of a pre-planned stock sale.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of Rule 10b5-1 trading plan |
| 05/15/2025 | Date of stock sale transaction |
Keywords
Form 4, Ciena, CIEN, Brodie Gage, Stock Sale, Rule 10b5-1, SVP, Securities, Ownership
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