CIENA Insider Gary B. Smith Reports Change in Ownership
| Field | Detail |
|---|---|
| Company | Smith Gary B |
| Form Type | 4 |
| Filed Date | Mar 24, 2026 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-transaction, ownership-change, form-4, corporate-governance
Related Tickers: CIEN
TL;DR
**Ciena insider Gary B. Smith just updated his stock holdings.**
AI Summary
On March 20, 2026, Gary B. Smith, a key insider at Ciena Corporation, reported a change in his beneficial ownership of securities. This filing, dated March 24, 2026, indicates an update to his holdings, which is important for investors as insider transactions can signal management's confidence (or lack thereof) in the company's future performance. While the specific transaction details aren't in this summary, the fact that an insider like Smith is adjusting his stake could influence how investors perceive Ciena's stock.
Why It Matters
Insider transactions, like those reported by Gary B. Smith, can provide valuable insights into how top executives view their company's prospects, potentially signaling future stock movements.
Risk Assessment
Risk Level: low — This filing simply reports a change in ownership, which is a routine disclosure and doesn't inherently indicate high risk without further transaction details.
Analyst Insight
An investor should monitor subsequent filings or the full Form 4 document to understand the nature of Gary B. Smith's transaction (buy or sell) and its magnitude, as this could provide a clearer signal about Ciena's future outlook.
Key Players & Entities
- SMITH GARY B (person) — Reporting Person
- CIENA CORPORATION (company) — Issuer of securities
- 0001032553 (person) — Gary B. Smith's CIK
- 0001123292-26-000503 (dollar_amount) — SEC Accession No.
FAQ
Who is the reporting person in this Form 4 filing?
The reporting person in this Form 4 filing is SMITH GARY B, with CIK 0001032553.
What is the filing date of this Form 4?
The filing date for this Form 4 is 2026-03-24, and it was accepted on the same date at 19:13:58.
What is the period of report for the transactions covered by this filing?
The period of report for the transactions covered by this filing is 2026-03-20.
Which company's securities are involved in this beneficial ownership statement?
The securities involved in this beneficial ownership statement are from CIENA CORPORATION.
Where is the mailing address for the reporting person, Gary B. Smith?
The mailing address for Gary B. Smith is C/O CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076.
Filing Stats: 816 words · 3 min read · ~3 pages · Grade level 7.9 · Accepted 2026-03-24 19:13:58
Filing Documents
- form4.html (4)
- form4.xml (4) — 9KB
- 0001123292-26-000503.txt ( ) — 10KB
From the Filing
SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 * SMITH GARY B (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) X Director 10% Owner X Officer (give title below) Other (specify below) President, CEO 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/20/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form 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) Code V Amount (A) or (D) Price Common Stock 03/20/2026 F 937 (1) D $ 383.89 292,147 (2) D Common Stock 03/20/2026 F 2,985 (3) D $ 383.89 289,162 (2) D Common Stock 03/20/2026 F 3,102 (4) D $ 383.89 286,060 (2) D Common Stock 03/20/2026 F 1,743 (5) D $ 383.89 284,317 (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) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: 1. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/16/2025. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/18/2025. 2. Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). 3. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/13/2022. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/15/2022. 4. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/12/2023. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/14/2023. 5. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/17/2024. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/19/2024. By: Michelle Rankin For: Gary B Smith 03/24/2026 ** Signature of Reporting Person Date 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. Perso