Phipps Jason, EVP and Chief Customer Officer at Ciena Corporation, has filed 61 Form 4 transactions, all in the single ticker CIEN. The pattern is one-directional: he has recorded zero open-market purchases and zero acquisitions, while his open-market sales total $17,791,182.50. The recent window, spanning March through October 2026, contains 16 open-market sales and no buys.
The selling is clustered. On April 1, 2026, Jason filed 14 separate Form 4s, all coded S, with individual values ranging from $67,564.98 to $1,418,522.66. That single day accounts for roughly $9.6 million of his total. He sold again on July 1, 2026, for $1,225,639.80, and on October 1, 2026, for $933,794.51. The sales are spaced quarterly, which is consistent with a scheduled trading plan, though the filings do not state that.
Interspersed with the sales are Form 4s coded F, which are shares withheld to cover tax obligations. These appear on March 20, June 20, and September 20, 2026, in amounts between $93,478.40 and $367,840.98. Those are automatic and carry no discretionary signal. The data shows a consistent seller with no offsetting purchases, and the most recent transaction, an S on October 1, 2026, continues that direction.
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