CIENA CEO Gary B Smith Sells 8,767 Shares for Tax Withholding on RSU Awards

CIENA Corporation CEO Gary B Smith filed a Form 4 disclosing the sale of 8,767 shares of common stock on June 20, 2026, for tax withholding purposes related to restricted stock unit (RSU) awards. The transactions involved four separate dispositions totaling 2,985, 3,102, 1,743, and 937 shares, all executed at $428.22 per share. These sales were mandatory to cover tax liabilities associated with RSU awards granted in December 2022, 2023, 2024, and 2025. Following these transactions, Smith's total ownership decreased to 257,838 shares, which includes both vested and unvested RSUs and performance stock units (PSUs). The filing represents routine tax withholding on equity compensation rather than discretionary selling by the executive.