Gage Brodie Files Form 144 for CIENA CORP Stock Sale

TL;DR

**Insider Gage Brodie is planning to sell CIENA CORP shares.**

AI Summary

Gage Brodie, an individual, has filed a Form 144 indicating a proposed sale of securities in CIENA CORP. This filing, dated March 24, 2026, signals an intent to sell shares, which could increase the supply of CIENA CORP stock on the market. For current or prospective shareholders, this matters because a significant insider sale could be interpreted as a lack of confidence in the company's future performance, potentially putting downward pressure on the stock price.

Why It Matters

This filing indicates an insider's intent to sell shares of CIENA CORP, which could signal a lack of confidence and potentially impact the stock price if the sale is substantial.

Risk Assessment

Risk Level: medium — Insider sales can sometimes precede a decline in stock value, but the actual impact depends on the size of the sale and the insider's role.

Analyst Insight

An investor should monitor the actual sale of shares by Gage Brodie and assess the volume relative to their total holdings and the company's outstanding shares. This information, combined with other fundamental analysis of CIENA CORP, would inform a decision on whether to hold, buy, or sell.

Key Players & Entities

• Gage Brodie (person) — Reporting individual proposing to sell securities
• CIENA CORP (company) — Subject company whose securities are proposed to be sold
• 0001998826 (person) — CIK for Gage Brodie
• 0000936395 (company) — CIK for CIENA CORP
• March 24, 2026 (date) — Filing Date

Forward-Looking Statements

• The stock price of CIENA CORP may experience downward pressure if the proposed sale by Gage Brodie is substantial and executed. (CIENA CORP) — medium confidence, target: Within 3 months of sale execution

FAQ

Filing Documents

• primary_doc.html (144)
• primary_doc.xml (144) — 3KB
• 0001950047-26-002937.txt ( ) — 5KB

From the Filing

Form 144 Filer Information UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 FORM 144 144: Filer Information Is this a LIVE or TEST Filing? LIVE TEST Submission Contact Information Name Phone E-Mail Address 144: Issuer Information Name of Issuer CIENA CORPORATION Address of Issuer 7035 RIDGE ROAD HANOVER MARYLAND 21076 Phone (410) 694-5700 Name of Person for Whose Account the Securities are To Be Sold BRODIE GAGE See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice. Relationship to Issuer Officer 144: Securities Information Title of the Class of Securities To Be Sold Name and Address of the Broker Number of Shares or Other Units To Be Sold Aggregate Market Value Number of Shares or Other Units Outstanding Approximate Date of Sale Name the Securities Exchange Common Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York � NY � 10004 5000 2025000.00 141398427 03/24/2026 NYSE Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor: 144: Securities To Be Sold Title of the Class Date you Acquired Nature of Acquisition Transaction Name of Person from Whom Acquired Is this a Gift? Date Donor Acquired Amount of Securities Acquired Date of Payment Nature of Payment * Common 09/20/2024 Restricted and Performance Shares ISSUER 5000 09/20/2024 Not Applicable * If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid. Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold. 144: Securities Sold During The Past 3 Months Nothing to Report 144: Remarks and Signature Remarks The securities to be sold were acquired upon the vesting of Restricted Stock and Performance Shares during the period of 09/20/2024 through 03/20/2025. Date of Notice 03/24/2026 Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1 12/23/2025 ATTENTION: The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date. Signature /s/ Brodie Alexander Cage ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

View Full Filing

View this 144 filing on SEC EDGAR