Form 4: Lumentum Holdings Executive Yuen Wupen Sells Shares Under 10b5-1 Plan
SEC Form 4
Yuen Wupen, President of Cloud & Networking at Lumentum Holdings, executed multiple sales of common stock under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Yuen Wupen, President, Cloud & Networking at Lumentum Holdings Inc., reported the sale of company common stock.
- The transactions occurred between May 13, 2025, and May 15, 2025.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 11, 2025.
- On May 13, 2025, 4,426 shares were sold at a price of $71.8 per share.
- On May 14, 2025, 4,426 shares were sold at a price of $74.94 per share.
- On May 15, 2025, 4,716 shares were sold at a price of $76.87 per share.
- Following these transactions, Wupen directly owns 82,957 shares of Lumentum Holdings Inc.
- This includes 1,023 shares acquired through the Issuer's Employee Stock Purchase Plan on November 15, 2023, and May 15, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies and are often part of executives' compensation packages. The use of 10b5-1 trading plans allows insiders to sell shares at predetermined times and prices, avoiding accusations of trading on non-public information. The market typically views these sales in the context of the executive's overall holdings and the company's performance.
Stakeholder Impact
- The stock sales by a key executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the overall market sentiment.
- The impact on employees, customers, suppliers, and creditors is likely to be minimal, as these transactions are part of the executive's personal financial management.
Key Dates
| Date | Description |
|---|---|
| November 15, 2023 | 1,023 shares acquired pursuant to the Issuer's Employee Stock Purchase Plan |
| May 15, 2024 | 1,023 shares acquired pursuant to the Issuer's Employee Stock Purchase Plan |
| February 11, 2025 | Date of adoption of Rule 10b5-1 trading plan |
| May 13, 2025 | Sale of 4,426 shares at $71.8 |
| May 14, 2025 | Sale of 4,426 shares at $74.94 |
| May 15, 2025 | Sale of 4,716 shares at $76.87 |
Keywords
Form 4, Lumentum Holdings, Insider Trading, Stock Sale, Executive Compensation, Rule 10b5-1, Yuen Wupen
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