SMITH GARY B

Gary B. Smith (CIK 0001032553, 1,078 transactions across 22 years and three issuers) runs an unusually regimented primary file at CIENA Corp (CIEN): open-market S-codes of exactly 2,952 shares land on the 1st and 15th of each month — the hallmark of an automated 10b5-1 plan — while a March 20, 2025 F-code block adds roughly 75,800 shares at $230.34 in plan-funded derivative activity. A single off-plan A-code on December 16, 2025 sells ~30,499 shares with no disclosed price (non-market disposition), and the one sourced CIEN open-market buy (10,000 shares) occurred long ago in the lifetime aggregate. Secondary issuers are sparse but real: 54 market sells at Commvault Systems (CVLT, 2007–2021, ~82,250 shares) and one 2025 July transaction at Planet Labs PBC (PL, 0 sell volume). The honest read is a disciplined executive whose CIEN representation reads like a scheduled distribution plan with one off-plan lump and no recent buybacks or reaccumulation at the primary ticker.