Director Penny Herscher sells 4,000 shares (66.0% of holdings) at $594.42–$601.17 for $2.4M at LITE
Director Penny Herscher executed 8 separate sales totaling 4,000 shares for $2,389,179.93 on 2026-02-12, reducing her stake from 6,057 shares to 2,057 shares and representing a -66.0% reduction in her pre-transaction holdings. The blended average sale price of $597.29 compares to a current market price of $562.74, placing the transaction prices 5.8% above today's level. The stock has appreciated +69.7% over the past 30 days and +142.4% over 90 days, suggesting the company has been experiencing significant recent momentum. With a P/E of 159.87 and strong fundamentals (annual revenue growth of +21.0%), this substantial liquidation by a director warrants attention to whether it reflects anticipated changes in valuation or company direction.
Director Penny Herscher sold 4,849 shares of Lumentum (LITE) for $2.6M on 2026-02-06, reducing holdings by 44.5%.
Director Penny Herscher sold 4,849 shares at $535.48, representing a substantial 44.5% reduction in her shareholdings from 10,906 to 6,057 shares. The sale occurred as Lumentum's stock has risen +59.7% over the past 30 days and +121.1% over the past 90 days, following strong operational performance including 21.0% annual revenue growth and $78.2M in net income on $665.5M quarterly revenue. The timing of this large director sale against significant recent momentum and the company's healthy fundamentals merits investor attention to understand Herscher's capital allocation decisions.
