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LASR Form 4: CEO sold 71.5k shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

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 Keeney Scott H
Role President and CEO
Sold 71,462 shs ($2.09M)
Type Security Shares Price Value
Sale Common Stock 35,730 $29.63 $1.06M
Sale Common Stock 35,732 $28.77 $1.03M
Holdings After Transaction: Common Stock — 2,406,540 shares (Direct)
Footnotes (4)
  1. F1. 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.
  2. F2. 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.
  3. F3. Includes common stock owned and unvested restricted stock units.
  4. F4. 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.

FAQ

What transactions did the Form 4 for LASR report?
The filing reports two sales totaling 71,462 shares on 08/27/2025 and 08/28/2025.

At what prices were the LASR shares sold by Scott H. Keeney?
The August 27 sales had a weighted average price of $28.77 per share; the August 28 sales had a weighted average price of $29.63 per share.

Were the sales part of a trading plan?
Yes. The Form 4 states the August 27 sales were effected pursuant to a Rule 10b5-1 trading plan adopted 6/12/2024.

How many LASR shares does the reporting person own after these transactions?
The filing reports 2,442,270 shares after the August 27 transaction and 2,406,540 shares after the August 28 transaction.

Can I get more detail on the per-price breakdown of the sales?
Yes. The reporting person states they will provide, upon request by the SEC staff, the issuer, or a security holder, information on the number of shares sold at each separate price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Keeney Scott H
(Last) (First) (Middle)
4637 NW 18TH AVENUE
(Street)
CAMAS WA 98607
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NLIGHT, INC. [ LASR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/27/2025 S 35,732(1)(2) D $28.77 2,442,270(3) D
Common Stock 08/28/2025 S 35,730(4) D $29.63 2,406,540(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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.
2. 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.
3. Includes common stock owned and unvested restricted stock units.
4. 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.
Remarks:
/s/ Julie Dimmick, as attorney-in-fact 08/29/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR