Insider Cluster (3 insiders) ·Filed Mar 16, 2026
Insider cluster: 2 insiders, $1.9M total
Actionable Insight • Neutral
No meaningful selling pressure; this is a routine administrative transaction tied to equity vesting. Monitor for any open-market sales (code 'S') as a potential signal.
Final — all horizons settled through T+60d
CIEN ▲ +28.25% at T+60d
NEUTRAL call +28.25% · α vs SPY +17.76% · entry $363.88 → $466.67
T+1d
+1.70%
call +1.70% · α +1.42%
$370.05
settled 8mo ago
T+5d
+12.10%
call +12.10% · α +14.14%
$407.90
settled 7mo ago
T+20d
+28.39%
call +28.39% · α +24.61%
$467.19
settled 7mo ago
T+60d
+28.25%
call +28.25% · α +17.76%
$466.67
settled 5mo ago
Price Chart
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Executive Summary
Three SVPs at Ciena Corp surrendered shares to cover tax obligations following a vesting event, resulting in a total of $235,324 in share dispositions. These were non-cash, tax-related transactions, not open-market sales, and are routine in connection with equity compensation vesting.
Key Financial Metrics
Direction
selling
Total Value
$235.3K
Insiders
3
Key Facts
- Three SVPs surrendered shares for tax withholding: Gage Brodie (230 shares), DiPerno Dino (204 shares), Cumello Joseph (179 shares)
- All transactions occurred on 2026-03-20 at $383.89 per share
- Total value of transactions: $235,324
- Transaction type: 'F' (Tax withholding), not open-market selling
Financial Impact
$235,324 in non-cash share dispositions
shares outstandingeffective tax rate
Risk Factors
- None material — this is a standard tax withholding event
- Misinterpretation risk: These are not discretionary sales, so they should not be viewed as insider pessimism
Market Snapshot
Exchange
NYSE
Investment Themes
Media & Telecom
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (3 trades, 7d window) | cluster-CIEN-1774393953518 |
33 reports for CIEN
63% Hit rate @ T+5 Went positive at some point 7 of 10 best @ T+60▲ +90.31%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $320.26 | awaiting T+5 | — | $335.93 (−4.89%) |
Oct 19, 2026 7d ago | Insider Cluster | $341.95 | awaiting T+5 | — | $335.93 (+1.76%) |
Oct 13, 2026 13d ago | Insider Cluster | $400.40 $341.95 | ▲ +14.60% | ▲ +13.45% | $335.93 (+16.10%) |
Sep 29, 2026 27d ago | Insider Cluster | $351.82 $446.45 | ▲ +26.90% | ▲ +24.98% | $335.93 (−4.52%) |
Sep 28, 2026 28d ago | Insider Cluster | $354.92 $443.65 | ▼ −25.00% | ▼ −23.05% | $335.93 (+5.35%) |
Sep 25, 2026 4w ago | Insider Cluster | $344.19 $389.69 | ▼ −13.22% | ▼ −12.02% | $335.93 (+2.40%) |
Sep 17, 2026 5w ago | Insider Cluster | $348.80 $356.91 | ▲ +2.33% | ▲ +1.06% | $335.93 (−3.69%) |
Sep 17, 2026 5w ago | Insider Cluster | $348.80 $356.91 | ▲ +2.33% | ▲ +1.06% | $335.93 (−3.69%) |
Sep 17, 2026 5w ago | Insider Cluster | $348.80 $356.91 | ▲ +2.33% | ▲ +1.06% | $335.93 (−3.69%) |
Sep 3, 2026 7w ago | 8-K | $317.46 $349.54 | ▲ +10.11% | ▲ +11.25% | $335.93 (+5.82%) |
Showing 10 of 33
US Market Status
Market Closed — Opens Wed (10h 8m)
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