Lumentum Insider Sells $33 Million Worth of Shares Amid Soaring Stock Price
Vincent Retort, Executive Vice President of Lumentum Holdings Inc. (NASDAQ:LITE), sold nearly 40,000 shares worth approximately $33 million on August 25, 2026, according to an SEC Form 4 filing. The transaction was executed in multiple tranches at prices ranging from $841.745 to $860.83 per share, with a weighted average price of $852.59. Retort retained ownership of over 78,000 shares post-transaction, valued at around $69.46 million as of the market close on August 25. The sale occurred after Lumentum's stock had surged by 618% in the past year and was part of a prearranged Rule 10b5-1 trading plan established earlier in November 2025. Despite this large-scale insider selling, Retort still holds a significant stake in the company, suggesting his interests remain aligned with shareholders. The stock closed at $939.03 on August 26, up nearly 10% from its weighted average sale price during the transaction.
Tickers: $LITE
Topics: executive sale Lumentum NASDAQ:LITE SEC Form 4