Form 4: Lumentum GC Sells Shares Under 10b5-1 Plan

Lumentum Holdings Inc.'s SVP and General Counsel, Jae Kim, reported sales of common stock totaling 1,537 shares under a pre-arranged 10b5-1 trading plan, alongside tax-related withholdings and an ESPP acquisition.

Summary

• Jae Kim, SVP, General Counsel of Lumentum Holdings Inc. (LITE), reported several transactions involving the company's common stock.
• On November 15, 2025, 1,413 shares of common stock were withheld by the issuer at a price of $232.15 per share to satisfy income tax withholding obligations related to the vesting of restricted stock units.
• On November 17, 2025, 1,367 shares of common stock were disposed of at a price of $234.14 per share.
• On November 18, 2025, an additional 170 shares of common stock were disposed of at a price of $246.00 per share.
• The sales on November 17 and 18, 2025, were executed pursuant to a Rule 10b5-1 trading plan adopted by Jae Kim on February 11, 2025.
• Jae Kim also acquired 170 shares of common stock through the Issuer's Employee Stock Purchase Plan on November 14, 2025.
• Following these reported transactions, Jae Kim beneficially owns 38,400 shares of Lumentum Holdings Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The transactions are routine for an executive, involving tax-related withholdings and pre-planned sales under a 10b5-1 plan, which are not typically indicative of new positive or negative company developments. The ESPP acquisition is a minor positive.

Positives

• The acquisition of 170 shares through the Employee Stock Purchase Plan (ESPP) on November 14, 2025, indicates continued employee investment and alignment with company performance.
• The sales of common stock were conducted under a pre-arranged Rule 10b5-1 trading plan, suggesting planned liquidity management rather than a reaction to new, adverse company information.

Negatives

• Insider sales totaling 1,537 shares, which, while pre-planned, reduce the direct beneficial ownership of a key executive.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction report is a routine disclosure and does not provide specific insights into broader industry trends or competitive landscape. It reflects an individual executive's personal financial planning.

Stakeholder Impact

• Shareholders: The reduction in an executive's direct ownership is minor and pre-planned, so it is unlikely to have a significant impact on shareholder sentiment or company valuation.
• Employees: The acquisition of shares through the ESPP indicates continued employee participation in the company's equity programs.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, including tax-related withholdings and sales executed under a pre-arranged 10b5-1 trading plan. Such transactions are common for executives managing their personal finances and compensation, and do not typically signal a change in the company's fundamental prospects or warrant a shift in investment recommendation. The small ESPP acquisition is a minor positive. Therefore, a 'hold' recommendation is appropriate as this filing alone does not provide new information to alter an existing investment thesis.

Keywords

Lumentum Holdings Inc., LITE, Form 4, Insider Transaction, Jae Kim, Stock Sale, 10b5-1 Plan, Employee Stock Purchase Plan, Restricted Stock Units, Tax Withholding