Ciena Corp. insider Gary B. Smith reported a sale of company common stock on July 15, 2026, according to a Form 4 filed July 17. The transaction involved 2,952 shares of CIEN common stock sold at a weighted average price of $421.1036 per share, for estimated gross proceeds of about $1.24 million. The filing notes that the sale was made under a Rule 10b5-1 trading plan adopted on October 4, 2025. Such plans allow insiders to schedule trades in advance under preset conditions, which can help reduce concerns that the transaction was based on material nonpublic information. The reported price was a weighted average. Actual sale prices ranged from $405.1250 to $443.7500 per share, and the filer stated that full details on the number of shares sold at each price would be provided upon request to the SEC. The filing also includes an explanatory note that the shares reported for ownership purposes include unvested restricted stock units and performance stock units. The excerpt provided does not state Smith’s exact ownership after the sale, but it indicates that his reported holdings include equity awards that have not yet vested.