LASR Form 4: CEO sold 71.5k shares under 10b5-1 plan
Rhea-AI Filing Summary
The Form 4 shows that Scott H. Keeney, President, CEO and a director of nLIGHT, Inc. (LASR), sold a total of 71,462 shares of common stock in two transactions on 08/27/2025 and 08/28/2025. The August 27 sales (35,732 shares) had a weighted average price of $28.77 per share and left the reporting person with 2,442,270 shares beneficially owned. The August 28 sales (35,730 shares) had a weighted average price of $29.63 per share and reduced reported beneficial ownership to 2,406,540 shares. The filings state the August 27 sales and related transactions were effected pursuant to a Rule 10b5-1 trading plan adopted 6/12/2024. The filer offers to provide, on request, a breakdown of shares sold at each price.
Positive
- Sales executed under Rule 10b5-1 plan, indicating pre-planned transactions adopted on 6/12/2024
- Reporting person retains substantial ownership with 2,406,540 shares reported after the transactions
- Willingness to provide detailed per-price breakdown upon request increases transparency
Negative
- Insider sold a total of 71,462 shares over two days, a material absolute volume of stock disposition
- Reported reduction in beneficial ownership from 2,442,270 to 2,406,540 shares after the second transaction
Insights
TL;DR: Insider executed planned sales under a 10b5-1 plan, reducing holdings while maintaining multi-million-share ownership.
The reported transactions indicate disciplined disposition via a pre-established Rule 10b5-1 plan, which supports the view that these were scheduled sales rather than opportunistic trades. The reporting person remains a substantial holder with reported beneficial ownership above two million shares after the sales, preserving continued alignment with shareholders. The filing includes commitments to disclose the per-price breakdown upon request, improving traceability of the transactions.
TL;DR: Material number of shares sold (~71k) but executed under a trading plan; impact depends on transaction context and total float.
The sales represent a meaningful absolute volume of 71,462 shares executed over two days at weighted average prices of $28.77 and $29.63. Because the issuer remains significantly held by the reporting person (2,406,540 shares reported after the second sale), the transactions are notable but not dispositive on their own. The reliance on a 10b5-1 plan reduces immediate governance concerns about selective trading, though investors may seek the per-price breakdown for full transparency.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 35,730 | $29.63 | $1.06M |
| Sale | Common Stock | 35,732 | $28.77 | $1.03M |
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 6/12/2024. The reported transaction involves sale transactions from $28.29 to $29.12 per share. The weighted average price per share was $28.77. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price. Includes common stock owned and unvested restricted stock units. The reported transaction involves sale transactions from $29.01 to $29.93 per share. The weighted average price per share was $29.63. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
