Lumentum Insider Jae Kim Sells $1.6 Million in Stock
Jae Kim, Senior Vice President and General Counsel of Lumentum Holdings Inc., sold a total of 7,803 shares valued at approximately $6.6 million between August 19 and 20, according to an SEC Form 4 filing. The transaction included both discretionary sales under a Rule 10b5-1 trading plan and non-discretionary tax-related withholdings from the vesting of restricted stock units. Kim now holds 38,170 shares directly, representing about 0.05% ownership in Lumentum, which has a market capitalization of $68.4 billion as of August 20. The company operates two main segments—Optical Communications and Commercial Lasers—and serves global clients including telecom carriers and data centers. The sale is relatively small compared to other insider transactions recently reported at the firm.
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