Lumentum President Sells Shares Under Rule 10b5-1 Plan
Wupen Yuen, President of Global Business Units at Lumentum Holdings Inc. (NASDAQ:LITE), sold 1,500 shares between August 28 and September 1, 2026, under a pre-established Rule 10b5-1 trading plan. The transaction was valued at approximately $1.4 million based on an average sale price of $912.33 per share. After the sale, Yuen retained direct ownership of 117,627 shares with a market value of around $102.21 million as of September 1, 2026. The company reported strong financial performance in recent months, including an 83% year-over-year increase in trailing twelve-month (TTM) revenue to $3 billion due to rising demand for data center infrastructure and AI technologies. Analysts anticipate continued growth with management forecasting a 130% year-over-year revenue rise for the fiscal first quarter of 2027. The insider sale is considered routine portfolio management, as it was conducted under an established trading plan designed to avoid conflicts related to material non-public information.
Tickers: $LITE
Topics: executive activity SEC filings stock sales