Ciena insider activity
What the executives and directors of Ciena actually did with their own shares, decoded from their SEC Form 4 filings. Each figure says the stretch of time it covers.
−$100M
net open-market flow, 12 m
0 open-market buys, 12 m
95.7%
of sale value on 10b5-1 plans, 12 m
4,406 days since an insider bought, whole record
The tape: three years of insider trades
Open-market buy
Discretionary sale
Planned sale (10b5-1)
Reported-price path
Routine
Every marker sits at the price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the grey strip is the routine flow (grants, vestings, tax withholding and gifts) that a headline gets wrong by counting it as selling.
The 145 routine events on the chart, as a list
| Date | Insider | Shares |
|---|---|---|
| Nov 1, 2026 | Graff Marc D. | 3,759 |
| Sep 24, 2026 | NEVENS THOMAS MICHAEL | 2,797 |
| Sep 20, 2026 | SMITH GARY B | 8,767 |
| Sep 20, 2026 | Rothenstein David M | 2,350 |
| Sep 20, 2026 | Phipps Jason | 2,365 |
| Sep 20, 2026 | Cumello Joseph | 1,716 |
| Sep 20, 2026 | Kosaraju Sheela | 1,915 |
| Sep 20, 2026 | DiPerna Dino | 2,053 |
| Sep 20, 2026 | Gage Brodie | 1,934 |
| Sep 20, 2026 | Graff Marc D. | 286 |
| Sep 20, 2026 | Hoffman Grant | 170 |
| Aug 1, 2026 | Graff Marc D. | 14K |
| Jun 22, 2026 | Hoffman Grant | 6,517 |
| Jun 20, 2026 | SMITH GARY B | 8,767 |
| Jun 20, 2026 | Rothenstein David M | 2,350 |
| Jun 20, 2026 | Phipps Jason | 2,366 |
| Jun 20, 2026 | Cumello Joseph | 1,717 |
| Jun 20, 2026 | Kosaraju Sheela | 2,013 |
| Jun 20, 2026 | DiPerna Dino | 2,054 |
| Jun 20, 2026 | Gage Brodie | 1,934 |
| Jun 20, 2026 | Graff Marc D. | 199 |
| Mar 26, 2026 | FITT LAWTON W | 862 |
| Mar 26, 2026 | AHMED HASSAN | 605 |
| Mar 26, 2026 | PUMA MARY G | 605 |
| Mar 26, 2026 | GALLAGHER PATRICK | 605 |
| Mar 26, 2026 | NEVENS THOMAS MICHAEL | 605 |
| Mar 26, 2026 | Claflin Bruce L. | 605 |
| Mar 26, 2026 | KUMAR DEVINDER | 605 |
| Mar 26, 2026 | Olsen Joanne Beth | 605 |
| Mar 20, 2026 | SMITH GARY B | 8,767 |
| Mar 20, 2026 | Rothenstein David M | 2,113 |
| Mar 20, 2026 | Phipps Jason | 2,374 |
| Mar 20, 2026 | Cumello Joseph | 1,527 |
| Mar 20, 2026 | Kosaraju Sheela | 2,012 |
| Mar 20, 2026 | DiPerna Dino | 2,052 |
| Mar 20, 2026 | Gage Brodie | 1,932 |
| Mar 20, 2026 | Graff Marc D. | 199 |
| Dec 20, 2025 | SMITH GARY B | 342K |
| Dec 20, 2025 | Rothenstein David M | 57K |
| Dec 20, 2025 | Phipps Jason | 70K |
| Dec 20, 2025 | Cumello Joseph | 41K |
| Dec 20, 2025 | Kosaraju Sheela | 26K |
| Dec 20, 2025 | DiPerna Dino | 29K |
| Dec 20, 2025 | Gage Brodie | 27K |
| Dec 16, 2025 | Graff Marc D. | 9,293 |
| Sep 30, 2025 | NEVENS THOMAS MICHAEL | 5,770 |
| Sep 24, 2025 | Claflin Bruce L. | 4,386 |
| Sep 20, 2025 | SMITH GARY B | 9,487 |
| Sep 20, 2025 | Rothenstein David M | 2,438 |
| Sep 20, 2025 | Phipps Jason | 2,605 |
| Sep 20, 2025 | Cumello Joseph | 1,804 |
| Sep 20, 2025 | Kosaraju Sheela | 1,921 |
| Sep 20, 2025 | DiPerna Dino | 2,125 |
| Sep 20, 2025 | Gage Brodie | 1,915 |
| Aug 1, 2025 | Graff Marc D. | 118K |
| Jun 20, 2025 | SMITH GARY B | 9,323 |
| Jun 20, 2025 | MOYLAN JAMES E JR | 1,584 |
| Jun 20, 2025 | Rothenstein David M | 1,742 |
| Jun 20, 2025 | Phipps Jason | 2,100 |
| Jun 20, 2025 | Cumello Joseph | 1,625 |
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
The chart, in numbers
| Flow | Shares |
|---|---|
| From holdings | 126K |
| Granted | 446K |
| Withheld for tax | 248K |
| Planned sales (10b5-1) | 306K |
| Discretionary sales | 15K |
| Gifts | 2,797 |
Skin in the game
Directly held shares as reported after each trade, indexed to 100 at the start of the window, up to five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
The chart, in numbers
| Insider | Start of the window | Latest reported | Indexed, start = 100 |
|---|---|---|---|
| MOYLAN JAMES E JR | 313K | 225K | 71.9 |
| SMITH GARY B | 571K | 223K | 39 |
| Rothenstein David M | 247K | 173K | 70 |
| NETTLES PATRICK H | 226K | 166K | 73.3 |
| FITT LAWTON W | 115K | 130K | 113 |
Who holds what
the 14 largest holdings of 20| Insider | Role | Shares held | Buys 12 m | Sales 12 m | 12 m | Last trade |
|---|---|---|---|---|---|---|
| MOYLAN JAMES E JR SVP Finance, CFO Last trade Jan 3, 2023 | CFO | 378K | – | – | Jan 3, 2023 | |
| SMITH GARY B President & CEO Last trade Nov 2, 2026 | CEO | 223K | – | $47M | net selling over the year: 0 months buying, 13 months selling | Nov 2, 2026 |
| Rothenstein David M EVP & Chief Strategy Officer Last trade Oct 15, 2026 | Officer | 173K | – | $11M | net selling over the year: 0 months buying, 12 months selling | Oct 15, 2026 |
| NETTLES PATRICK H Executive Chairman Last trade Aug 3, 2020 | Officer | 166K | – | – | Aug 3, 2020 | |
| FITT LAWTON W | Director | 130K | – | – | – | |
| Graff Marc D. EVP & Chief Financial Officer Last trade Oct 1, 2026 | CFO | 103K | – | $2.3M | net selling over the year: 0 months buying, 4 months selling | Oct 1, 2026 |
| Kosaraju Sheela EVP & Chief Legal Officer Last trade Oct 1, 2026 | Officer | 84K | – | $3.0M | net selling over the year: 0 months buying, 4 months selling | Oct 1, 2026 |
| Claflin Bruce L. Last trade Sep 24, 2026 | Director | 59K | – | $1.0M | net selling over the year: 0 months buying, 1 month selling | Sep 24, 2026 |
| Phipps Jason EVP & Chief Customer Officer Last trade Oct 1, 2026 | Officer | 57K | – | $16M | net selling over the year: 0 months buying, 4 months selling | Oct 1, 2026 |
| GALLAGHER PATRICK Last trade Jan 12, 2026 | Director | 51K | – | $2.6M | net selling over the year: 0 months buying, 1 month selling | Jan 12, 2026 |
| Cumello Joseph EVP & General Mgr. Last trade Sep 25, 2026 | Officer | 40K | – | $4.7M | net selling over the year: 0 months buying, 4 months selling | Sep 25, 2026 |
| DiPerna Dino EVP & Chief R&D Officer Last trade Oct 15, 2026 | Officer | 37K | – | $2.8M | net selling over the year: 0 months buying, 6 months selling | Oct 15, 2026 |
| Olsen Joanne Beth | Director | 35K | – | – | – | |
| Gage Brodie EVP & Chief Product & Tech Last trade Oct 15, 2026 | Officer | 34K | – | $5.8M | net selling over the year: 0 months buying, 10 months selling | Oct 15, 2026 |
Open-market trade log
the 60 most recent of 3,062| Date | Insider | Type | Shares | Price | Value | Since trade | Filed |
|---|---|---|---|---|---|---|---|
| Nov 2, 2026 | SMITH GARY B (CEO) 2,952 shares $298.16 +0.0% since trade filed Nov 4, 2026 | Planned sale (10b5-1) | 2,952 | $298.16 | $880K | +0.0% | Nov 4, 2026 |
| Oct 15, 2026 | SMITH GARY B (CEO) 2,952 shares $348.02 −14.3% since trade filed Oct 19, 2026 | Planned sale (10b5-1) | 2,952 | $348.02 | $1.0M | −14.3% | Oct 19, 2026 |
| Oct 15, 2026 | Rothenstein David M (Officer) 2,500 shares $348.06 −14.3% since trade filed Oct 19, 2026 | Planned sale (10b5-1) | 2,500 | $348.06 | $870K | −14.3% | Oct 19, 2026 |
| Oct 15, 2026 | DiPerna Dino (Officer) 445 shares $344.08 −13.4% since trade filed Oct 19, 2026 | Planned sale (10b5-1) | 445 | $344.08 | $153K | −13.4% | Oct 19, 2026 |
| Oct 15, 2026 | DiPerna Dino (Officer) 445 shares $350.00 −14.8% since trade filed Oct 19, 2026 | Planned sale (10b5-1) | 445 | $350.00 | $156K | −14.8% | Oct 19, 2026 |
| Oct 15, 2026 | Gage Brodie (Officer) 1,200 shares $344.08 −13.4% since trade filed Oct 19, 2026 | Planned sale (10b5-1) | 1,200 | $344.08 | $413K | −13.4% | Oct 19, 2026 |
| Oct 1, 2026 | SMITH GARY B (CEO) 2,952 shares $369.66 −19.3% since trade filed Oct 13, 2026 late | Planned sale (10b5-1) | 2,952 | $369.66 | $1.1M | −19.3% | Oct 13, 2026 late |
| Oct 1, 2026 | Phipps Jason (Officer) 2,629 shares $355.19 −16.1% since trade filed Oct 6, 2026 | Planned sale (10b5-1) | 2,629 | $355.19 | $934K | −16.1% | Oct 6, 2026 |
| Oct 1, 2026 | Kosaraju Sheela (Officer) 2,101 shares $355.19 −16.1% since trade filed Oct 6, 2026 | Planned sale (10b5-1) | 2,101 | $355.19 | $746K | −16.1% | Oct 6, 2026 |
| Oct 1, 2026 | Graff Marc D. (CFO) 97 shares $355.19 −16.1% since trade filed Oct 6, 2026 | Planned sale (10b5-1) | 97 | $355.19 | $34K | −16.1% | Oct 6, 2026 |
| Sep 25, 2026 | Cumello Joseph (Officer) 1,586 shares $358.52 −16.8% since trade filed Sep 29, 2026 | Planned sale (10b5-1) | 1,586 | $358.52 | $569K | −16.8% | Sep 29, 2026 |
| Sep 24, 2026 | Claflin Bruce L. (Director) 2,857 shares $355.91 −16.2% since trade filed Sep 28, 2026 | Discretionary sale | 2,857 | $355.91 | $1.0M | −16.2% | Sep 28, 2026 |
| Sep 23, 2026 | NEVENS THOMAS MICHAEL (Director) 3,738 shares $359.04 −17.0% since trade filed Sep 25, 2026 | Discretionary sale | 3,738 | $359.04 | $1.3M | −17.0% | Sep 25, 2026 |
| Sep 16, 2026 | DiPerna Dino (Officer) 249 shares $350.00 −14.8% since trade filed Sep 17, 2026 | Planned sale (10b5-1) | 249 | $350.00 | $87K | −14.8% | Sep 17, 2026 |
| Sep 15, 2026 | SMITH GARY B (CEO) 2,952 shares $330.18 −9.7% since trade filed Sep 17, 2026 | Planned sale (10b5-1) | 2,952 | $330.18 | $975K | −9.7% | Sep 17, 2026 |
| Sep 15, 2026 | Rothenstein David M (Officer) 2,500 shares $330.48 −9.8% since trade filed Sep 17, 2026 | Planned sale (10b5-1) | 2,500 | $330.48 | $826K | −9.8% | Sep 17, 2026 |
| Sep 15, 2026 | DiPerna Dino (Officer) 249 shares $324.86 −8.2% since trade filed Sep 17, 2026 | Planned sale (10b5-1) | 249 | $324.86 | $81K | −8.2% | Sep 17, 2026 |
| Sep 15, 2026 | Gage Brodie (Officer) 1,200 shares $324.86 −8.2% since trade filed Sep 17, 2026 | Planned sale (10b5-1) | 1,200 | $324.86 | $390K | −8.2% | Sep 17, 2026 |
| Sep 1, 2026 | SMITH GARY B (CEO) 2,952 shares $362.90 −17.8% since trade filed Sep 2, 2026 | Planned sale (10b5-1) | 2,952 | $362.90 | $1.1M | −17.8% | Sep 2, 2026 |
| Aug 17, 2026 | SMITH GARY B (CEO) 2,952 shares $447.78 −33.4% since trade filed Aug 18, 2026 | Planned sale (10b5-1) | 2,952 | $447.78 | $1.3M | −33.4% | Aug 18, 2026 |
| Aug 17, 2026 | Gage Brodie (Officer) 1,200 shares $439.24 −32.1% since trade filed Aug 18, 2026 | Planned sale (10b5-1) | 1,200 | $439.24 | $527K | −32.1% | Aug 18, 2026 |
| Aug 14, 2026 | Rothenstein David M (Officer) 2,500 shares $438.10 −31.9% since trade filed Aug 18, 2026 | Planned sale (10b5-1) | 2,500 | $438.10 | $1.1M | −31.9% | Aug 18, 2026 |
| Aug 14, 2026 | Graff Marc D. (CFO) 4,995 shares $430.72 −30.8% since trade filed Aug 18, 2026 | Planned sale (10b5-1) | 4,995 | $430.72 | $2.2M | −30.8% | Aug 18, 2026 |
| Aug 3, 2026 | SMITH GARY B (CEO) 2,952 shares $379.81 −21.5% since trade filed Aug 4, 2026 | Planned sale (10b5-1) | 2,952 | $379.81 | $1.1M | −21.5% | Aug 4, 2026 |
| Jul 15, 2026 | SMITH GARY B (CEO) 2,952 shares $421.10 −29.2% since trade filed Jul 17, 2026 | Planned sale (10b5-1) | 2,952 | $421.10 | $1.2M | −29.2% | Jul 17, 2026 |
| Jul 15, 2026 | Rothenstein David M (Officer) 2,500 shares $420.91 −29.2% since trade filed Jul 17, 2026 | Planned sale (10b5-1) | 2,500 | $420.91 | $1.1M | −29.2% | Jul 17, 2026 |
| Jul 15, 2026 | DiPerna Dino (Officer) 391 shares $449.15 −33.6% since trade filed Jul 17, 2026 | Planned sale (10b5-1) | 391 | $449.15 | $176K | −33.6% | Jul 17, 2026 |
| Jul 15, 2026 | Gage Brodie (Officer) 1,200 shares $449.15 −33.6% since trade filed Jul 17, 2026 | Planned sale (10b5-1) | 1,200 | $449.15 | $539K | −33.6% | Jul 17, 2026 |
| Jul 1, 2026 | SMITH GARY B (CEO) 2,952 shares $468.83 −36.4% since trade filed Jul 6, 2026 | Planned sale (10b5-1) | 2,952 | $468.83 | $1.4M | −36.4% | Jul 6, 2026 |
| Jul 1, 2026 | Phipps Jason (Officer) 2,629 shares $466.20 −36.0% since trade filed Jul 6, 2026 | Planned sale (10b5-1) | 2,629 | $466.20 | $1.2M | −36.0% | Jul 6, 2026 |
| Jul 1, 2026 | Kosaraju Sheela (Officer) 2,013 shares $466.20 −36.0% since trade filed Jul 6, 2026 | Planned sale (10b5-1) | 2,013 | $466.20 | $938K | −36.0% | Jul 6, 2026 |
| Jul 1, 2026 | Graff Marc D. (CFO) 126 shares $466.20 −36.0% since trade filed Jul 6, 2026 | Planned sale (10b5-1) | 126 | $466.20 | $59K | −36.0% | Jul 6, 2026 |
| Jun 26, 2026 | Cumello Joseph (Officer) 1,586 shares $466.33 −36.1% since trade filed Jun 30, 2026 | Planned sale (10b5-1) | 1,586 | $466.33 | $740K | −36.1% | Jun 30, 2026 |
| Jun 24, 2026 | Graff Marc D. (CFO) 126 shares $449.36 −33.7% since trade filed Jun 26, 2026 | Planned sale (10b5-1) | 126 | $449.36 | $57K | −33.7% | Jun 26, 2026 |
| Jun 15, 2026 | SMITH GARY B (CEO) 2,952 shares $457.02 −34.8% since trade filed Jun 17, 2026 | Planned sale (10b5-1) | 2,952 | $457.02 | $1.3M | −34.8% | Jun 17, 2026 |
| Jun 15, 2026 | Rothenstein David M (Officer) 2,500 shares $457.07 −34.8% since trade filed Jun 17, 2026 | Planned sale (10b5-1) | 2,500 | $457.07 | $1.1M | −34.8% | Jun 17, 2026 |
| Jun 15, 2026 | Gage Brodie (Officer) 1,200 shares $466.10 −36.0% since trade filed Jun 17, 2026 | Planned sale (10b5-1) | 1,200 | $466.10 | $559K | −36.0% | Jun 17, 2026 |
| Jun 1, 2026 | SMITH GARY B (CEO) 2,952 shares $565.92 −47.3% since trade filed Jun 2, 2026 | Planned sale (10b5-1) | 2,952 | $565.92 | $1.7M | −47.3% | Jun 2, 2026 |
| May 15, 2026 | SMITH GARY B (CEO) 2,952 shares $562.05 −47.0% since trade filed May 19, 2026 | Planned sale (10b5-1) | 2,952 | $562.05 | $1.7M | −47.0% | May 19, 2026 |
| May 15, 2026 | Rothenstein David M (Officer) 2,500 shares $562.39 −47.0% since trade filed May 19, 2026 | Planned sale (10b5-1) | 2,500 | $562.39 | $1.4M | −47.0% | May 19, 2026 |
| May 15, 2026 | Gage Brodie (Officer) 1,200 shares $570.65 −47.8% since trade filed May 19, 2026 | Planned sale (10b5-1) | 1,200 | $570.65 | $685K | −47.8% | May 19, 2026 |
| May 1, 2026 | SMITH GARY B (CEO) 2,952 shares $537.74 −44.6% since trade filed May 4, 2026 | Planned sale (10b5-1) | 2,952 | $537.74 | $1.6M | −44.6% | May 4, 2026 |
| Apr 15, 2026 | SMITH GARY B (CEO) 2,952 shares $467.47 −36.2% since trade filed Apr 17, 2026 | Planned sale (10b5-1) | 2,952 | $467.47 | $1.4M | −36.2% | Apr 17, 2026 |
| Apr 15, 2026 | Rothenstein David M (Officer) 2,500 shares $467.65 −36.2% since trade filed Apr 17, 2026 | Planned sale (10b5-1) | 2,500 | $467.65 | $1.2M | −36.2% | Apr 17, 2026 |
| Apr 15, 2026 | DiPerna Dino (Officer) 1,322 shares $471.79 −36.8% since trade filed Apr 16, 2026 | Planned sale (10b5-1) | 1,322 | $471.79 | $624K | −36.8% | Apr 16, 2026 |
| Apr 15, 2026 | DiPerna Dino (Officer) 1,507 shares $471.79 −36.8% since trade filed Apr 16, 2026 | Planned sale (10b5-1) | 1,507 | $471.79 | $711K | −36.8% | Apr 16, 2026 |
| Apr 15, 2026 | Gage Brodie (Officer) 1,200 shares $471.79 −36.8% since trade filed Apr 17, 2026 | Planned sale (10b5-1) | 1,200 | $471.79 | $566K | −36.8% | Apr 17, 2026 |
| Apr 1, 2026 | SMITH GARY B (CEO) 2,952 shares $415.51 −28.2% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 2,952 | $415.51 | $1.2M | −28.2% | Apr 3, 2026 |
| Apr 1, 2026 | Phipps Jason (Officer) 162 shares $417.07 −28.5% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 162 | $417.07 | $68K | −28.5% | Apr 3, 2026 |
| Apr 1, 2026 | Phipps Jason (Officer) 400 shares $415.20 −28.2% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 400 | $415.20 | $166K | −28.2% | Apr 3, 2026 |
| Apr 1, 2026 | Phipps Jason (Officer) 460 shares $407.48 −26.8% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 460 | $407.48 | $187K | −26.8% | Apr 3, 2026 |
| Apr 1, 2026 | Phipps Jason (Officer) 500 shares $402.83 −26.0% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 500 | $402.83 | $201K | −26.0% | Apr 3, 2026 |
| Apr 1, 2026 | Phipps Jason (Officer) 500 shares $409.49 −27.2% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 500 | $409.49 | $205K | −27.2% | Apr 3, 2026 |
| Apr 1, 2026 | Phipps Jason (Officer) 600 shares $406.45 −26.6% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 600 | $406.45 | $244K | −26.6% | Apr 3, 2026 |
| Apr 1, 2026 | Phipps Jason (Officer) 750 shares $403.90 −26.2% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 750 | $403.90 | $303K | −26.2% | Apr 3, 2026 |
| Apr 1, 2026 | Phipps Jason (Officer) 1,029 shares $416.56 −28.4% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 1,029 | $416.56 | $429K | −28.4% | Apr 3, 2026 |
| Apr 1, 2026 | Phipps Jason (Officer) 1,708 shares $414.16 −28.0% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 1,708 | $414.16 | $707K | −28.0% | Apr 3, 2026 |
| Apr 1, 2026 | Phipps Jason (Officer) 1,735 shares $401.58 −25.8% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 1,735 | $401.58 | $697K | −25.8% | Apr 3, 2026 |
| Apr 1, 2026 | Phipps Jason (Officer) 2,100 shares $405.07 −26.4% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 2,100 | $405.07 | $851K | −26.4% | Apr 3, 2026 |
| Apr 1, 2026 | Phipps Jason (Officer) 2,279 shares $413.35 −27.9% since trade filed Apr 3, 2026 | Planned sale (10b5-1) | 2,279 | $413.35 | $942K | −27.9% | Apr 3, 2026 |
“Since trade” compares with the latest insider-implied price, not a market quote: these pages are built from filings alone. A role here is the one on that day's Form 4, so somebody promoted since appears under both titles.
Filing hygiene
340 Forms 4, 3 years
7 filed late
0 amendments
2.1 avg. days to file
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.