[Form 4] NLIGHT, INC. Insider Trading Activity
NLIGHT, Inc. director and President & CEO Scott H. Keeney reported a sale of 15,391 shares of NLIGHT common stock on 09/12/2025 at a weighted average price of $28.84 per share, with reported per-share prices ranging from $28.62 to $29.12. The transaction was executed under a Rule 10b5-1 trading plan adopted by the reporting person on 06/12/2025. Following the sale, the reporting person beneficially owns 2,381,545 shares, an amount the filing says includes common stock and unvested restricted stock units. The Form 4 was submitted on 09/16/2025 and signed by an attorney-in-fact.
- Sale executed under a Rule 10b5-1 trading plan, indicating pre-arranged, compliant transactions
- Detailed price information provided (range $28.62–$29.12 and weighted average $28.84) and willingness to supply per-price breakdowns on request
- Significant ongoing beneficial ownership of 2,381,545 shares, including unvested restricted stock units
- Insider sale of 15,391 shares could be perceived negatively by some investors despite being under a 10b5-1 plan
- Filing does not disclose the exact breakdown of shares sold at each price without request, requiring follow-up for full granularity
Insights
TL;DR: Insider sale of 15,391 shares under a pre-arranged 10b5-1 plan; ownership remains large at 2.38M shares.
The Form 4 discloses a routine, pre-scheduled sale by CEO and director Scott Keeney. The sale was effected under a Rule 10b5-1 plan adopted on 06/12/2025, which typically indicates the trades were pre-authorized and not made on the basis of inside information. The reported weighted average price was $28.84, within a narrow $28.62–$29.12 range. Post-transaction beneficial ownership remains substantial at 2,381,545 shares, which includes both common stock and unvested restricted stock units. From an analytical standpoint, this filing is informative but not, by itself, a material corporate event.
TL;DR: Transaction follows a documented 10b5-1 plan; disclosure appears complete and compliant.
The disclosure specifies the plan adoption date and provides a weighted average sale price and price range, and it notes that the reporting person will provide breakdowns of per-price sales upon request. The filing also clarifies that the post-sale figure includes unvested restricted stock units. These elements align with standard disclosure practices for officer/director sales and support transparency for shareholders and regulators. There is no indication in the filing of amendment or corrective action needed.