Lumentum SVP, general counsel Jae Kim sells $10.2m in shares

SAN JOSE – Jae Kim, Lumentum Holdings Inc.'s SVP and General Counsel, sold 12,020 shares of the company's stock on August 25, 2026, for a total of $10,231,015. These shares were sold under a pre-established Rule 10b5-1 trading plan, which Mr. Kim had put in place on February 6, 2026. The sale occurred as Lumentum's stock price has risen more than 600% over the past year, trading at $956.14 as of the sale.

The company's market capitalization is now at $85.77 billion. Despite this sale, Mr. Kim also acquired 1,635 shares of Lumentum common stock through restricted stock units (RSUs) at a $0 price, with the shares set to vest over time. These transactions have resulted in Mr. Kim owning 39,439 shares of the company. Lumentum has reported financial results that surpassed expectations, with revenue and earnings per share exceeding consensus estimates.

This growth is attributed to increased spending on optical components driven by the growing demand for artificial intelligence infrastructure. Analysts have mixed opinions on Lumentum's future, with some raising their price targets and ratings, while others express concerns about the company's valuation.