Insider sales are routine in dollar terms and do not signal a material change in outlook. Continue monitoring next earnings release (2.02) or any unexpected Form 4 cluster where the dollar value exceeds 0.5% of market cap for a meaningful signal.
Price Chart
Executive Summary
A cluster of insider sales at Lumentum totaling $15.61M over 7 days, including the CFO and President of Global Business Units selling on the same day. At LITE's $75B market cap, the total represents only ~0.02% — far below the 0.1% materiality threshold for routine sales. The cluster is driven by open-market selling across multiple executives and directors, but the dollar value is insignificant relative to the company's size, and the presence of the CFO and President in the same batch likely reflects blackout window alignment and/or 10b5-1 plan liquidity, not an informed bearish signal. Under the Alldredge (2019) asymmetry rule, cluster sells are not amplified. Past reports on this ticker have performed poorly (win rate 33% at T+20), and the historical calibration for scores in this range shows negative net alpha. This cluster is routine and neutral.
Key Financial Metrics
Key Facts
- CFO Ali Wajid sold $2.37M on 2026-05-18 at $953.95
- President Wupen Yuen sold $3.06M on 2026-05-18 at $953.95
- Total cluster value: $15.61M in open-market sales over 7 days
- Total represents ~0.02% of LITE's $75B market cap
- All 5 trades in the past 7 days plus a 6th from 2026-05-15
- No insider purchases were filed in the cluster window
Financial Impact
Aggregate insider selling of $15.61M — negligible relative to $75B market cap (0.02%). No material economic impact.
Risk Factors
- Future insider sales accelerating above 0.5% of market cap could signal deteriorating confidence
- LITE operates in competitive communications equipment sector; any revenue miss could amplify insider selling concern
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LITE-1779482289395 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | 144 | $919.40 $937.00 | ▲ +1.91% | ▼ −0.65% | $1,051.61 (+14.38%) |
Sep 4, 2026 27d ago | 144 | $978.54 $838.96 | ▼ −14.26% | ▼ −13.14% | $1,051.61 (+7.47%) |
Sep 4, 2026 28d ago | Insider Cluster | $881.26 $835.03 | ▼ −5.25% | ▼ −4.04% | $1,051.61 (+19.33%) |
Sep 3, 2026 28d ago | 144 | $881.26 $835.03 | ▲ +5.25% | ▲ +4.04% | $1,051.61 (−19.33%) |
Sep 2, 2026 29d ago | 144 | $847.37 $927.03 | ▲ +9.40% | ▲ +10.55% | $1,051.61 (+24.10%) |
Sep 2, 2026 4w ago | Insider Cluster | $870.58 $935.70 | ▼ −7.48% | ▼ −8.44% | $1,051.61 (−20.79%) |
Sep 1, 2026 4w ago | 144 | $870.58 $935.70 | ▲ +7.48% | ▲ +8.44% | $1,051.61 (+20.79%) |
Aug 31, 2026 4w ago | 144 | $868.95 $988.98 | ▲ +13.81% | ▲ +13.73% | $1,051.61 (+21.02%) |
Aug 28, 2026 4w ago | 144 | $914.76 $978.54 | ▲ +6.97% | ▲ +7.11% | $1,051.61 (+14.96%) |
Aug 26, 2026 5w ago | Insider Cluster | $956.14 $847.37 | ▼ −11.38% | ▼ −11.64% | $1,051.61 (+9.98%) |
US Market Status
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