[Form 4] nLIGHT, Inc. Insider Trading Activity
nLIGHT, Inc. (LASR) Form 4: The reporting person, James Nias, Chief Accounting Officer and director, reported two small open-market sales of common stock executed to satisfy tax withholding on vested restricted stock units. On 08/18/2025 he sold 559 shares at $26.69, reducing total reported beneficial ownership to 102,523 shares. On 08/19/2025 he sold another 559 shares at $26.28, reducing ownership to 101,964 shares. The filings state these were mandatory "sell to cover" transactions tied to tax withholding and not discretionary trades.
- Transactions are clearly disclosed with dates, share counts, and prices for transparency
- Sales were non-discretionary "sell to cover" transactions tied to tax withholding from RSU vesting
- Form 4 filed and signed by attorney-in-fact, indicating procedural compliance
- Reported beneficial ownership decreased from 102,523 to 101,964 shares after the transactions
- Insider executed open-market sales (559 shares on 08/18/2025 and 559 shares on 08/19/2025) which slightly reduces insider-held equity
Insights
TL;DR: Two small, non-discretionary "sell to cover" transactions by an officer reduced reported holdings by 559 shares twice.
The sales were explicitly described as mandatory sales to satisfy tax withholding obligations arising from RSU vesting, which reduces the likelihood that these trades signal a change in insider sentiment. Each transaction involved 559 shares executed at market prices of $26.69 and $26.28 on consecutive days, with beneficial ownership reported at 102,523 and then 101,964 shares. For investors, this is a routine administrative disposition rather than an active portfolio rebalancing or directional bet by management. Impact on capitalization is immaterial based on the reported share quantities alone.
TL;DR: Disclosure is clear; transactions were compliant with a company-mandated withholding method.
The Form 4 includes an explicit explanation that the issuer requires "sell to cover" for tax withholding, and an attorney-in-fact signed the filing, indicating proper procedure. The report lists the reporter's role as Chief Accounting Officer and director, establishing control person status and the importance of prompt Section 16 reporting. These filings fulfill transparency obligations and provide a complete record of the officer's post-vest share movements.