STOCK TITAN
  1. Home
  2. Sec-filings
  3. CIEN
  4. [Form 4] CIENA CORP Insider Trading Activity

Ciena (CIEN) director Patrick Gallagher receives 605-share RSU grant

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

Rhea-AI Filing Summary

Ciena Corp director Patrick Gallagher received a grant of 605 shares of Common Stock as a stock-based compensation award. The shares were acquired at a price of $0.00 per share, indicating they were granted rather than bought in the open market.

These restricted stock units vest in full on the first anniversary of the grant date, meaning Gallagher will fully earn the award after one year if vesting conditions are met. After this grant, he directly holds 50,789 shares of Ciena common stock, including unvested RSUs.

Positive

  • None.

Negative

  • None.
Insider GALLAGHER PATRICK
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 605 $0.00 --
Holdings After Transaction: Common Stock — 50,789 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).
RSU grant size 605 shares Restricted stock unit award on March 26, 2026
Grant price $0.00 per share Equity compensation, not open-market purchase
Holdings after grant 50,789 shares Total direct Ciena Common Stock, 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.
unvested Restricted Stock Units (RSUs) financial
"Shares reported include unvested Restricted Stock Units (RSUs)."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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*
GALLAGHER PATRICK
(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$0.050,789(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: Patrick T Gallagher03/27/2026
** 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 did Ciena (CIEN) director Patrick Gallagher report in this Form 4?

Patrick Gallagher reported receiving a grant of 605 Ciena Common Stock shares as stock-based compensation. The shares were awarded at $0.00 per share and increased his direct holdings to 50,789 shares, including unvested restricted stock units (RSUs) referenced in the filing footnotes.

Was the Ciena (CIEN) insider transaction a purchase or a grant?

The transaction was a grant, not an open-market purchase. Gallagher acquired 605 shares through a stock award coded as a grant or other acquisition, at $0.00 per share, which is typical for equity compensation rather than discretionary buying in the market.

How many Ciena (CIEN) shares does Patrick Gallagher hold after this grant?

After the grant, Gallagher directly holds 50,789 shares of Ciena Common Stock. This total includes unvested restricted stock units (RSUs), as stated in the footnotes, so not all shares are currently vested and freely available.

What are the vesting terms of Patrick Gallagher’s Ciena (CIEN) RSU award?

The restricted stock units vest in full on the first anniversary of the grant date. This means Gallagher must remain eligible through that one-year period to receive the full 605-share award as vested Ciena Common Stock, according to the footnote disclosure.

Does the Ciena (CIEN) Form 4 involve any share sales by Patrick Gallagher?

The Form 4 does not report any share sales by Gallagher. It shows a single acquisition transaction coded as a grant or award, with 605 shares added to his direct holdings and no dispositions, consistent with routine equity compensation.