nLight CEO's Aggressive Stock Selling Raises Questions as Share Count Tops 156,000

Rhea-AI Filing Summary

nLIGHT director and officer Scott H. Keeney has filed Form 144 indicating intent to sell 33,682 shares of common stock with an aggregate market value of $657,875.31. The sale is planned for June 26, 2025, through Fidelity Brokerage Services on NASDAQ.

The shares were originally acquired through a stock option exercise on February 3, 2021. This planned sale follows significant recent trading activity by Keeney over the past 3 months, including:

• May 27, 2025: 75,000 shares sold for $1,149,986
• June 3, 2025: 40,680 shares sold for $653,756
• June 16-18, 2025: Combined 41,318 shares sold for $791,446

The filing indicates Keeney is operating under a Rule 10b5-1 trading plan adopted on June 12, 2024. The company has approximately 49.4 million shares outstanding. The seller affirms no knowledge of undisclosed material adverse information regarding nLIGHT's operations.

Positive

• None.

Negative

• CEO Scott Keeney has sold 157,000 shares (~$2.6M) in the past month through multiple transactions, with another 33,682 shares ($658K) planned for sale, indicating significant insider selling pressure
• The recent and planned sales represent a concentrated period of dispositions by a key executive, which could signal reduced confidence in near-term prospects

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001738235
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NLIGHT, INC.
SEC File Number	001-38462
Address of Issuer	4637 NW 18TH AVENUE CAMAS WASHINGTON 98607
Phone	360-566-4460
Name of Person for Whose Account the Securities are To Be Sold	Keeney Scott H
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	33682	657875.31	49439471	06/26/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/03/2021	Stock Option Exercise	Issuer			33682	02/03/2021	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Scott H. Keeney 4637 NW 18th Avenue Camas WA 98607	Common	05/27/2025	75000	1149986.00
Scott H. Keeney 4637 NW 18th Avenue Camas WA 98607	Common	06/03/2025	40680	653756.45
Scott H. Keeney 4637 NW 18th Avenue Camas WA 98607	Common	06/16/2025	4063	77240.94
Scott H. Keeney 4637 NW 18th Avenue Camas WA 98607	Common	06/17/2025	30939	593386.27
Scott H. Keeney 4637 NW 18th Avenue Camas WA 98607	Common	06/18/2025	6316	120818.70

144: Remarks and Signature

Remarks
Date of Notice	06/26/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	06/12/2024
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Bradley Camilo, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Scott H. Keeney
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many LASR shares is Scott Keeney selling on June 26, 2025?

According to the Form 144 filing, Scott H. Keeney plans to sell 33,682 shares of nLIGHT (LASR) common stock with an aggregate market value of $657,875.31 through Fidelity Brokerage Services LLC.

How many LASR shares has Scott Keeney sold in the past 3 months before this Form 144?

In the three months prior to this filing, Scott Keeney sold a total of 156,998 shares of LASR stock across five transactions: 75,000 shares on May 27, 40,680 shares on June 3, 4,063 shares on June 16, 30,939 shares on June 17, and 6,316 shares on June 18, 2025, with total gross proceeds of approximately $2.59 million.

What is Scott Keeney's role at LASR (nLIGHT)?

According to the Form 144 filing, Scott H. Keeney serves as both an Officer and Director at nLIGHT, Inc. (LASR).

How did Scott Keeney acquire the LASR shares he plans to sell?

The shares were acquired through a Stock Option Exercise from the Issuer (nLIGHT) on February 3, 2021. The payment was made in cash on the same date for 33,682 shares.

Is Scott Keeney's LASR stock sale part of a 10b5-1 trading plan?

Yes, the sale is part of a Rule 10b5-1 trading plan that was adopted on June 12, 2024, as indicated in the Form 144 filing.