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

Lumentum Holdings Inc.'s SVP and General Counsel, Jae Kim, reported the sale of shares, including those withheld for tax obligations and others sold under a pre-arranged 10b5-1 trading plan.

Summary

• Jae Kim, SVP and General Counsel of Lumentum Holdings Inc. (LITE), reported two transactions involving the company's Common Stock.
• On August 15, 2025, 802 shares were withheld by the issuer at a price of $115.86 to satisfy income tax withholding and remittance obligations related to the vesting of restricted stock units.
• Following this transaction, Kim's beneficial ownership was 30,732 shares.
• On August 18, 2025, an additional 912 shares of Common Stock were sold at a price of $116.45.
• This sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Kim on February 11, 2025.
• After both reported transactions, Kim's direct beneficial ownership of Common Stock stands at 29,820 shares.

Sentiment

Score: 5

Explanation: The transactions reported are routine for an executive, involving tax withholding for RSU vesting and a pre-scheduled sale under a 10b5-1 plan. These types of transactions typically do not indicate a change in management's outlook on the company's prospects.

Positives

• The sale of 912 shares was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned transaction rather than a reaction to new, non-public information.

Negatives

• The reduction in direct beneficial ownership by a senior executive, totaling 1,714 shares (802 for tax, 912 for sale), could be perceived as a slight negative, though the reasons are routine.

Future Outlook

No future outlook or guidance is provided in this Form 4 filing.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitors.

Related Party Transactions

• The reported transactions are related party dealings between a senior executive and the company, as is typical for an insider transaction report.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but the nature of the transactions (tax withholding, 10b5-1 plan) suggests no negative implications for company performance or outlook.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, specifically tax withholding for RSU vesting and a pre-scheduled sale under a 10b5-1 plan. These transactions are not indicative of a change in the company's fundamental performance or future prospects. Therefore, the filing itself does not provide new information that would warrant a change in investment recommendation. An investor would typically hold their position based on broader company fundamentals and market conditions, not on these routine insider disclosures.

Keywords

Lumentum Holdings Inc., LITE, SEC Form 4, insider trading, stock sale, Rule 10b5-1, Jae Kim, General Counsel, SVP, restricted stock units, tax withholding