Form 4: Lumentum Holdings SVP Jae Kim Reports Stock Transactions
SEC Form 4
SVP, General Counsel of Lumentum Holdings, Jae Kim, reports the acquisition and disposal of company stock, including shares withheld for tax obligations and sales under a 10b5-1 trading plan.
Summary
- Jae Kim, SVP, General Counsel of Lumentum Holdings Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 15, 2025, 2,451 shares of common stock were disposed of to satisfy income tax withholding obligations at a price of $77.76.
- Also on May 15, 2025, Kim acquired shares through the Employee Stock Purchase Plan.
- On May 16, 2025, 4,577 shares of common stock were sold at a price of $77.98.
- These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 11, 2025.
- Following these transactions, Kim beneficially owns 31,534 shares of Lumentum Holdings Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions, including tax-related disposals and pre-planned sales. There is no indication of positive or negative sentiment towards the company's prospects.
Positives
- The reporting person acquired shares through the Employee Stock Purchase Plan.
Industry Context
Form 4 filings are a routine part of insider trading activity and provide transparency into the buying and selling of company stock by its officers and directors. The use of a 10b5-1 trading plan is a common practice to avoid accusations of insider trading.
Comparison to Industry Standards
- Insider trading activity is closely monitored across the technology sector, with companies like Coherent, IPG Photonics, and Infinera also subject to similar reporting requirements.
- The use of 10b5-1 trading plans is a standard practice among executives in publicly traded companies to manage their stock holdings while avoiding potential insider trading concerns.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan suggests the sales were pre-planned and not based on current insider information.
Key Dates
| Date | Description |
|---|---|
| November 15, 2024 | Shares acquired pursuant to the Issuer's Employee Stock Purchase Plan |
| February 11, 2025 | Date of adoption of Rule 10b5-1 trading plan |
| May 15, 2025 | Disposition of shares for tax withholding and acquisition of shares through Employee Stock Purchase Plan |
| May 16, 2025 | Sale of shares under Rule 10b5-1 trading plan |
| May 19, 2025 | Date of Form 4 filing |
Keywords
Form 4, Lumentum Holdings, Stock Sale, Beneficial Ownership, Jae Kim, 10b5-1 Trading Plan, Employee Stock Purchase Plan
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.