Lightwave Logic (LWLG) PFO lists stock and option holdings in Form 3 filing

Rhea-AI Filing Summary

Lightwave Logic, Inc. reported the initial beneficial ownership of its Principal Financial Officer, Snizhana P. Quan, in a Form 3 filing. Quan is shown as directly holding 51,125 shares of common stock and indirectly holding 4,800 shares of common stock through a domestic partner. She also holds employee stock options to buy 100,000 shares of common stock at $4.87 per share expiring on October 8, 2033, and options to buy 10,000 shares at $1.96 per share expiring on December 19, 2034. Footnotes explain that part of the common stock consists of restricted stock and restricted stock units that vest in quarterly installments over several years, and that portions of the option awards were vested at appointment with the rest vesting quarterly, subject to continued service and potential forfeiture if vesting conditions are not met.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Quan Snizhana P.

(Last) (First) (Middle)

369 INVERNESS PARKWAY

SUITE 350

(Street)

ENGLEWOOD CO 80112

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/06/2026

3. Issuer Name and Ticker or Trading Symbol
Lightwave Logic, Inc. [ LWLG ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Principal Financial Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	51,125(1)	D
Common Stock	4,800	I	By Domestic Partner

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	(2)	10/08/2033	Common Stock	100,000	$4.87	D
Employee Stock Option (Right to Buy)	(3)	12/19/2034	Common Stock	10,000	$1.96	D

Explanation of Responses:

1. Includes 15,000 shares of common stock issued pursuant to a restricted stock award, 3,750 of which have vested as of the date of appointment, with the remaining 11,250 vesting in 9 equal quarterly installments beginning on February 28, 2026, subject to continued service with the Issuer through the applicable vesting dates. Also includes 28,395 shares of common stock underlying a restricted stock unit award ("RSUs") from the Issuer. 9,467 of the RSUs will vest on December 31, 2026, with the remaining 18,928 vesting in 8 equal quarterly installments beginning on March 31, 2027, subject to continued service with the Issuer through the applicable vesting dates. Any unvested portion of either award is subject to forfeiture.

2. 66,668 of the options were vested as of the date of appointment. The remaining 33,332 options will vest in 4 equal quarterly installments beginning on January 9, 2026. Any unvested portion of this award is subject to forfeiture.

3. 6,250 of the options were vested as of the date of appointment. The remaining 3,750 options will vest in 3 equal quarterly installments beginning on March 31, 2026. Any unvested portion of this award is subject to forfeiture

	/s/ Snizhana Quan	01/15/2026
	** 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 5 (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.

FAQ

What does Lightwave Logic (LWLG) disclose in this Form 3 filing?

The filing discloses the initial beneficial ownership of Principal Financial Officer Snizhana P. Quan, including common stock, restricted stock, restricted stock units, and employee stock options related to Lightwave Logic, Inc. common stock.

How many Lightwave Logic (LWLG) common shares does Snizhana Quan beneficially own?

Snizhana Quan is reported as directly owning 51,125 shares of common stock and indirectly owning 4,800 shares of common stock through a domestic partner.

What equity awards and vesting schedules are reported for the Lightwave Logic PFO?

The filing notes 15,000 restricted shares (3,750 vested at appointment and 11,250 vesting in 9 equal quarterly installments beginning February 28, 2026) and 28,395 RSUs (9,467 vesting on December 31, 2026 and 18,928 vesting in 8 equal quarterly installments beginning March 31, 2027), all subject to continued service and possible forfeiture if unvested.

What stock options for Lightwave Logic shares does the PFO hold and when do they vest?

Quan holds employee stock options for 100,000 shares at an exercise price of $4.87 expiring on October 8, 2033, with 66,668 options vested at appointment and 33,332 vesting in 4 equal quarterly installments beginning January 9, 2026. She also holds options for 10,000 shares at $1.96 expiring on December 19, 2034, with 6,250 vested at appointment and 3,750 vesting in 3 equal quarterly installments beginning March 31, 2026, with any unvested amounts subject to forfeiture.

Does this Lightwave Logic Form 3 show any insider stock purchases or sales?

The Form 3 lists holdings of common stock, restricted stock, RSUs, and options for Snizhana Quan as of the reported date. It does not report any open-market purchases or sales; it serves as an initial statement of beneficial ownership.

How is indirect ownership reported for the Lightwave Logic PFO?

The filing shows 4,800 shares of common stock reported as indirectly owned with the nature of ownership described as "By Domestic Partner", while other holdings are reported as direct.