nLIGHT CEO sells 9,753 shares to cover taxes
NLIGHT, INC.'s CEO completed a mandatory sell-to-cover of 9,753 shares for tax withholding tied to restricted stock unit vesting.
Rhea-AI Filing Summary
NLIGHT, INC. (LASR) reports that President and CEO Scott H. Keeney sold 9,753 shares of common stock on September 3, 2026 at a weighted average price of $40.69 per share. The sale was mandated as a "sell to cover" for tax withholding on vested restricted stock units and was not a discretionary trade. After this transaction, he holds 2,175,286 shares directly, including unvested restricted stock units, and 501 shares indirectly through the Keeney Family Revocable Trust.
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Insights
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Insider Trade Summary
Net Seller: 9,753 shares
Net Sell
2 txns
Insider
Keeney Scott H
Role
President and CEO
Sold
9,753 shs ($397K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 9,753 | $40.69 | $397K |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,175,286 shares (Direct);
Common Stock — 501 shares (Indirect, By Keeney Family Revocable Trust)
Footnotes (4)
- F1. 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.
- F2. The reported transaction involves sale transactions from $40.69 to $40.69 per share. The weighted average price per share was $40.69. 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.
- F3. Includes common stock owned and unvested restricted stock units.
- F4. Keeney Family Revocable Trust is a revocable living trust for which the reporting person and his spouse are trustees.
Key Figures
Shares sold: 9,753 shares
Weighted average sale price: $40.69 per share
Direct holdings after transaction: 2,175,286 shares
+2 more
5 metrics
Shares sold
9,753 shares
Mandatory sell-to-cover sale on September 3, 2026 by the CEO
Weighted average sale price
$40.69 per share
Price for 9,753-share sale on September 3, 2026
Direct holdings after transaction
2,175,286 shares
Common stock, including unvested restricted stock units, held directly after sale
Indirect holdings after transaction
501 shares
Common stock held indirectly through Keeney Family Revocable Trust
Number of sell transactions
1 transaction
Reported in this Form 4 for September 3, 2026
Key Terms
sell to cover, restricted stock units, revocable living trust
3 terms
sell to cover financial
"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"
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
"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.
revocable living trust financial
"Keeney Family Revocable Trust is a revocable living trust for which the reporting person"
FAQ
What insider transaction did NLIGHT, INC. (LASR) report for its CEO?
NLIGHT, INC. reported that President and CEO Scott H. Keeney sold 9,753 shares of common stock on September 3, 2026 at a weighted average price of $40.69 per share, in connection with tax withholding on vested restricted stock units.
Was the LASR CEO’s September 3, 2026 sale under a Rule 10b5-1 plan?
The document-level Rule 10b5-1 box is not checked, and the footnotes describe the sale as a mandatory sell-to-cover for tax withholding, not as a transaction pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.