Lumentum exchanges ~5.7M shares for ~$474.6M in convertible notes due 2026/2029

Lumentum Holdings Inc.

Exchanged ~$264.8M of 0.50% 2026 notes and ~$209.8M of 1.50% 2029 notes for 5.7M shares.
Exchange closes April 13, 2026; no cash proceeds received; notes canceled.
Remaining notes: ~$63.1M of 2026 notes and ~$84.5M of 2029 notes with unchanged terms.
Shares issued in private placement to accredited investors/QIBs under Section 4(a)(2).
Incremental dilution of ~0.6M shares beyond principal conversion.

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