A Lumentum Executive Sold 2,000 Shares Under a Plan He Filed in May. Here's What to Know

Wupen Yuen, president of global business units at Lumentum Holdings, disposed of 12,565 shares totaling $10.7 million on August 19-20. The majority (84%) consisted of shares withheld for tax obligations from restricted stock vesting, while 2,000 shares were sold under a pre-planned Rule 10b5-1 trading plan filed in May. Despite the sales, Yuen maintains a significant 93,229-share position. The transaction occurs as Lumentum reports strong growth with components revenue up 103% and total revenue up 109% year-over-year, driven by demand for near-packaged optics technology for AI applications.