CIEN - Ciena Corp

Insider Sale by Phipps Jason (SVP Global Sales, Marketing)

1 Month
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Trade Summary

3 days ago, Phipps Jason, serving as SVP Global Sales, Marketing at Ciena Corp (CIEN), sold 22,014 shares at $409.80 per share, for a total transaction value of $9,021,272.00. Following this transaction, Phipps Jason now holds 67,377 shares of CIEN.

This sale represents a 25.00% decrease in Phipps Jason's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Wednesday, April 1, 2026 and publicly disclosed via SEC Form 4 filing on Friday, April 3, 2026, 2 days after the trade was made.

Ciena Corp operates in the TECHNOLOGY sector, specifically within the COMMUNICATION EQUIPMENT industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Phipps Jason

Phipps Jason

SVP Global Sales, Marketing

Jason Phipps is the Senior Vice President of Global Customer Engagement (also referred to as Global Sales and Marketing) at Ciena Corporation, a role he has held while leading worldwide sales operations and the global partner and channel organization since 2017.[[1]](https://www.ciena.com/about/leadership/jason-phipps)[[2]](https://www.sahmcapital.com/news/content/ciena-svp-global-sales-and-marketing-jason-phipps-reports-sale-of-common-shares-2025-12-18)[[9]](https://www.bloomberg.com/profile/person/20120592) His career began in finance, where he earned a degree from Indiana University, before transitioning to sales at Nortel Networks and ONI Systems; both companies were acquired by Ciena, leading to his joining the firm in 2002 through the ONI acquisition.[[1]](https://www.ciena.com/about/leadership/jason-phipps) Phipps has held various sales positions worldwide, emphasizing teamwork, leadership development, succession planning, passion, potential, humility, and a sense of humor in his teams.[[1]](https://www.ciena.com/about/leadership/jason-phipps) Phipps, shaped by his upbringing as the only child of separated baby boomers with significant independence supported by his religious community, advocates for 'failing fast' in the fast-paced telecommunications industry to maintain market advantage.[[1]](https://www.ciena.com/about/leadership/jason-phipps) As a corporate insider, he has engaged in recent stock transactions, including selling 18,888 shares on April 1, 2025, for approximately $1.13 million under a Rule 10b5-1 plan, and 1,984 shares on October 1, 2025, while receiving equity awards such as 20,368 performance stock units and others on December 16, 2025, resulting in beneficial ownership of 131,458 shares.[[2]](https://www.sahmcapital.com/news/content/ciena-svp-global-sales-and-marketing-jason-phipps-reports-sale-of-common-shares-2025-12-18)[[3]](https://longbridge.com/en/news/270189988)[[4]](https://www.stocktitan.net/sec-filings/CIEN/form-4-ciena-corp-insider-trading-activity-a6b1fc750941.html)[[5]](https://www.investing.com/news/insider-trading-news/cienas-svp-jason-phipps-sells-113-million-in-stock-93CH-3964070)[[6]](https://www.tradingview.com/news/tradingview:96eb802577ab1:0-ciena-corp-executive-sells-shares/)

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Trade Price

$409.80

Quantity

22,014

Total Value

$9,021,272.00

Shares Owned

67,377

Trade Date

Wednesday, April 1, 2026

3 days ago

SEC Filing Date

Friday, April 3, 2026

Filed 2 days after trade

TECHNOLOGYCOMMUNICATION EQUIPMENT

About Ciena Corp

Company Overview

No company information available
View news mentioning CIEN

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