The weighted average sale price for Retort's transaction was $851.01 per share, resulting in a total transaction value of approximately $10.7 million. Kim's transactions carried a weighted average sale price of $847.33 per share. A portion of these dispositions involved shares withheld by Lumentum to satisfy income tax withholding obligations associated with the vesting of restricted stock units.

As of the August 21, 2026 market close, Retort's remaining direct equity position in Lumentum was valued at $88.34 million. The company had a market capitalization of $68.4 billion as of August 20, 2026. Lumentum Holdings Inc. reported trailing twelve-month revenue of $3.0 billion as of August 2026. The company also reported a trailing twelve-month net loss of $6.9 billion for the same period.

Lumentum reported non-GAAP gross margin of 50.4% in the most recent quarter, up from 37.8% a year ago. This represents a rise of 12.6 percentage points. Michael Hurlston, president and CEO of Lumentum Holdings Inc. addressed product performance during an earnings call earlier in the month. "The company's lasers simply don't deviate," Hurlston stated on the August 11 earnings call.

Why It Matters

These transactions occurred against the backdrop of Lumentum's financial reporting and corporate structure. Lumentum Holdings Inc. was created in 2015 as a spinoff from JDSU. The scale of the executive holdings and the specific mechanisms used for the sales, including Rule 10b5-1 plans and tax withholdings, provide detail on insider equity management during a period where the company reported both substantial revenue and a net loss.

The disparity between the company's $68.4 billion market capitalization and its $6.9 billion trailing twelve-month net loss reflects the complex financial position of the firm. The increase in non-GAAP gross margin from 37.8% to 50.4% indicates shifting operational metrics. The executives' retention of equity stakes, valued at millions of dollars, suggests continued alignment with shareholder interests despite the divestitures.

Timeline

On August 19, 2026, Vincent Retort disposed of 12,566 shares of Lumentum Holdings Inc. common stock, with transactions continuing on August 20, 2026. On the same dates, August 19 and August 20, 2026, Jae Kim sold 7,803 shares of Lumentum Holdings Inc. common stock. On August 20, 2026, Vincent Retort sold 2,483 shares pursuant to a Rule 10b5-1 trading plan adopted on November 13, 2025.

Also on August 20, 2026, Lumentum withheld 10,083 shares from Vincent Retort to satisfy income tax withholding obligations associated with the vesting of restricted stock units. On August 20, 2026, Jae Kim sold 1,904 shares pursuant to a Rule 10b5-1 trading plan adopted on February 6, 2026.

What's New

Additional reporting confirms that Jae Kim sold 7,803 shares of Lumentum Holdings Inc. common stock on August 19 and August 20, 2026. It further details that Jae Kim sold 1,904 shares pursuant to a Rule 10b5-1 trading plan adopted on February 6, 2026. Lumentum withheld 5,899 shares from Jae Kim to satisfy income tax withholding obligations associated with the vesting of restricted stock units.

Following these transactions, Jae Kim retains direct ownership of 38,170 shares of Lumentum Holdings Inc. common stock. The weighted average sale price for Jae Kim's transaction was $847.33 per share. Jae Kim serves as the senior vice president and general counsel at Lumentum Holdings Inc. Background information notes that Lumentum Holdings Inc. was created in 2015 as a spinoff from JDSU.