AI Optical Communication Executive Sells $10 Million Stake

Lumentum Holdings Inc. (Nasdaq: LITE) executive Brian Lillie sold approximately 10,000 shares of the company’s common stock in the open market on May 11 under a pre-established Rule 10b5-1 trading plan, disposing of roughly $10 million (about ₩15 billion) worth of shares.

The sale reduced his holdings from about 24,000 shares to around 14,000 shares. After additional small sales disclosed later that day, he still holds approximately $14 million (around ₩21 billion) in company stock.

Earlier, on May 8, another executive, Ian Small, sold roughly 3,500 shares for about $3.2 million (approximately ₩5 billion) in the open market, although he continues to retain tens of thousands of shares.

In its fiscal third-quarter results for 2026, announced May 5, Lumentum reported quarterly revenue of about $800 million and net income in the low hundreds of millions. The company also issued guidance for the next quarter, forecasting revenue between $960 million and $1.01 billion. On the same day, Lumentum and Nvidia entered into a $2 billion (roughly ₩3 trillion) strategic investment and next-generation optics technology partnership.

Lumentum was added to the S&P 500 Index in March and is scheduled to join the Nasdaq-100 Index on May 18, further cementing its status as a key component of major market benchmarks.

Headquartered in San Jose, California, Lumentum is an optics and photonics company that supplies lasers, optical modules and optical switches for cloud data centers and telecommunications networks. The company is particularly focused on expanding its high-speed optical communications solutions for AI data centers and, through its strategic alliance with Nvidia, is advancing the construction of a new U.S. optical device fab and scaling up production capacity.