nLIGHT (NASDAQ: LASR) CEO logs 24,990-share sale for taxes and 10b5‑1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NLIGHT, INC. President and CEO Scott H. Keeney reported open‑market sales of a total of 24,990 shares of common stock on June 3–4, 2026, at prices generally ranging from about $71.67 to $77.99 per share.
Footnotes state that part of these sales were mandated "sell to cover" transactions to satisfy tax withholding tied to vesting restricted stock units, and that another reported sale was executed under a pre‑arranged Rule 10b5‑1 trading plan adopted on June 12, 2025. Keeney continues to hold a multi‑million‑share position in nLIGHT, including direct holdings, unvested restricted stock units, and indirect ownership through the Keeney Family Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 24,990 shares ($1,894,455)
Net Sell
8 txns
Insider
Keeney Scott H
Role
President and CEO
Sold
24,990 shs ($1.89M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 890 | $71.67 | $64K |
| Sale | Common Stock | 3,055 | $72.59 | $222K |
| Sale | Common Stock | 1,424 | $73.76 | $105K |
| Sale | Common Stock | 4,813 | $74.94 | $361K |
| Sale | Common Stock | 5,282 | $75.94 | $401K |
| Sale | Common Stock | 625 | $76.61 | $48K |
| Sale | Common Stock | 8,901 | $77.99 | $694K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,200,238 shares (Direct, null);
Common Stock — 501 shares (Indirect, By Keeney Family Revocable Trust)
Footnotes (1)
- This reported sale represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The reported transaction involves sale transactions from $77.99 to $77.99 per share. The weighted average price per share was $77.99. 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. This reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2025. The reported transaction involves sale transactions from $71.15 to $72.14 per share. The weighted verage price per share was $71.67. The Reporting Person undertakes to provide upon request by the SEC staff, he Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price. The reported transaction involves sale transactions from $72.23 to $73.07 per share. The weighted average price per share was $72.59. 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. The reported transaction involves sale transactions from $73.35 to $74.28 per share. The weighted average price per share was $73.76. 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. The reported transaction involves sale transactions from $74.38 to $75.37 per share. The weighted average price per share was $74.94. 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. The reported transaction involves sale transactions from $75.42 to $76.41 per share. The weighted average price per share was $75.94. 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. The reported transaction involves sale transactions from $76.45 to $76.90 per share. The weighted average price per share was $76.61. 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. Keeney Family Revocable Trust is a revocable living trust for which the reporting person and his spouse are trustees.
Key Figures
Shares sold: 24,990 shares
Weighted average sale price (high): $77.99 per share
Weighted average sale price (low): $71.67 per share
+3 more
6 metrics
Shares sold
24,990 shares
Total open-market sales reported on June 3–4, 2026
Weighted average sale price (high)
$77.99 per share
Weighted average price for one reported sale transaction
Weighted average sale price (low)
$71.67 per share
Weighted average price for another reported sale transaction
Individual sale prices
$71.15–$76.90 ranges
Footnotes describe trades within these price bands across sales
Indirect trust holdings
501 shares
Common stock held via Keeney Family Revocable Trust
Sale transactions count
7 transactions
Number of non-derivative sale entries in the summary
Key Terms
sell to cover, restricted stock units, Rule 10b5-1 trading plan, weighted average price per share, +1 more
5 terms
sell to cover financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
restricted stock units financial
"to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 10b5-1 trading plan regulatory
"reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2025"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
revocable living trust financial
"Keeney Family Revocable Trust is a revocable living trust for which the reporting person and his spouse are trustees"
FAQ
Did the nLIGHT (LASR) CEO use a Rule 10b5‑1 trading plan for these sales?
Yes. One reported sale was effected under a Rule 10b5‑1 trading plan adopted on June 12, 2025. Such plans pre‑schedule trades, indicating that at least part of the selling activity was planned in advance.
What nLIGHT (LASR) holdings does Scott Keeney report after these transactions?
The filing indicates the CEO retains a multi‑million‑share position in nLIGHT, including common stock and unvested restricted stock units. It also notes an additional 501 shares held indirectly through the Keeney Family Revocable Trust.
What is the Keeney Family Revocable Trust mentioned in the nLIGHT (LASR) Form 4?
The Keeney Family Revocable Trust is described as a revocable living trust for which Scott Keeney and his spouse serve as trustees. The Form 4 reports 501 shares of nLIGHT common stock held indirectly through this trust.