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Equity grant adds to Ciena (NYSE: CIEN) director Joanne Olsen’s stake

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Olsen Joanne Beth reported acquisition or exercise transactions in this Form 4 filing.

Ciena director Joanne Beth Olsen received an equity award of 605 shares of Common Stock as a grant, not an open-market purchase. The grant was made at a price of $0.00 per share as part of her director compensation.

The award consists of restricted stock units that vest in full on the first anniversary of the grant date. After this grant, Olsen directly holds 35,003 shares of Ciena stock, and this total includes unvested restricted stock units.

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Insider Olsen Joanne Beth
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 605 $0.00 --
Holdings After Transaction: Common Stock — 35,003 shares (Direct)
Footnotes (1)
  1. Restricted stock units (RSUs) vest in full on the first anniversary of the date of the grant. Shares reported include unvested Restricted Stock Units (RSUs).
Shares granted 605 shares Restricted stock unit grant on March 26, 2026
Grant price $0.00 per share Equity compensation, not open-market purchase
Total shares after grant 35,003 shares Direct holdings after transaction, including unvested RSUs
Vesting schedule 1-year cliff vesting RSUs vest in full on first anniversary of grant
Restricted stock units (RSUs) financial
"Restricted stock units (RSUs) vest in full on the first anniversary"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
vest in full financial
"Restricted stock units (RSUs) vest in full on the first anniversary"
unvested Restricted Stock Units (RSUs) financial
"Shares reported include unvested Restricted Stock Units (RSUs)."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Olsen Joanne Beth
(Last)(First)(Middle)
C/O CIENA CORPORATION
7035 RIDGE RD.
(Street)
HANOVER MARYLAND 21076-1426
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CIENA CORP [ CIEN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/26/2026A605(1)A$0.035,003(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Restricted stock units (RSUs) vest in full on the first anniversary of the date of the grant.
2. Shares reported include unvested Restricted Stock Units (RSUs).
By: Michelle Rankin For: Joanne Beth Olsen03/27/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CIENA CORP (CIEN) disclose for Joanne Beth Olsen?

CIENA CORP reported that director Joanne Beth Olsen received a grant of 605 shares of Common Stock. The shares were awarded as restricted stock units with no cash payment, reflecting standard equity-based director compensation rather than an open-market stock purchase.

How many CIENA CORP (CIEN) shares does Joanne Beth Olsen hold after this Form 4?

After the reported grant, Joanne Beth Olsen directly holds 35,003 CIENA CORP shares. This figure includes unvested restricted stock units, meaning some of these shares are still subject to vesting conditions over time before becoming fully unrestricted.

Was the CIENA CORP (CIEN) Form 4 transaction a stock purchase by Joanne Beth Olsen?

No, the transaction was not an open-market stock purchase. Joanne Beth Olsen received 605 CIENA CORP shares as a grant of restricted stock units at $0.00 per share, representing equity compensation rather than buying shares on the market with personal funds.

What are the vesting terms of Joanne Beth Olsen’s CIENA CORP (CIEN) restricted stock units?

The restricted stock units granted to Joanne Beth Olsen vest in full on the first anniversary of the grant date. Until vesting, the RSUs remain subject to forfeiture conditions, after which the underlying CIENA CORP shares become fully owned and unrestricted.

How many CIENA CORP (CIEN) shares were granted to Joanne Beth Olsen in this award?

The Form 4 shows that Joanne Beth Olsen was granted 605 shares of CIENA CORP Common Stock. These were issued as restricted stock units, all tied to a single grant date and subject to one-year cliff vesting before becoming fully available to her.