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  4. [Form 4] Lightwave Logic, Inc. Insider Trading Activity

Lightwave Logic, Inc. reported $237K in revenue and a $20.3M net loss for fiscal 2025. See the full LWLG financial statements: income statement, balance sheet, cash flow and ratios, each column linked to its SEC filing.

LWLG director exercises 50,000 options, sells shares

Lightwave Logic, Inc. director Form 4 shows an option exercise and related share sale.

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Lightwave Logic, Inc. director Form 4 shows an option exercise and related share sale. On January 27, 2026, director Siraj Nour El-Ahmadi exercised an employee stock option for 50,000 shares of common stock at an exercise price of $0.68 per share.

On the same day, he sold 25,591 shares of common stock at a price of $3.48 per share to cover the option exercise price and tax withholding obligations. After these transactions, he directly owned 123,944 shares of common stock, including 17,241 restricted shares granted under the company’s 2016 Equity Incentive Plan, which vest in scheduled installments and are subject to forfeiture if service conditions are not met.

Positive

  • None.

Negative

  • None.
Insider El-Ahmadi Siraj Nour
Role Director
Sold 25,591 shs ($89K)
Approx. gross sale proceeds $89K
Approx. exercise cost $34K
Type Security Shares Price Value
Exercise Employee Stock Option (Right to Buy) 50,000 $0.00 $0.00
Exercise Common Stock 50,000 $0.68 $34K
Sale Common Stock 25,591 $3.48 $89K
Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 123,944 shares (Direct)
Footnotes (3)
  1. F1. Includes 17,241 shares of common stock issued pursuant to a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan, 2,881 shares of restricted stock vested on June 18, 2024, with the remaining restricted stock awards vesting in 10 equal quarterly installments beginning on July 1, 2024, subject to continued service with the Company through the applicable vesting dates. Any unvested portion of this award is subject to forfeiture.
  2. F2. The sale reported in this Form 4 was to cover the exercise price and tax withholding obligations associated with the option exercise also reported herein.
  3. F3. On February 1, 2016, the reporting person received an option to purchase up to 50,000 shares of company stock that vested pursuant to the following schedule: 20,000 options vested immediately, and the remaining options vested in three equal quarterly installments of 10,000 options per quarter commencing on April 1, 2016.

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
El-Ahmadi Siraj Nour
(Last) (First) (Middle)
369 INVERNESS PARKWAY
SUITE 350
(Street)
ENGLEWOOD CO 80112
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Lightwave Logic, Inc. [ LWLG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/27/2026 M 50,000 A $0.68 149,535(1) D
Common Stock 01/27/2026 S(2) 25,591 D $3.48 123,944 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $0.68 01/27/2026 M 50,000 (3) 01/28/2026 Common Stock 50,000 $0.00 0 D
Explanation of Responses:
1. Includes 17,241 shares of common stock issued pursuant to a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan, 2,881 shares of restricted stock vested on June 18, 2024, with the remaining restricted stock awards vesting in 10 equal quarterly installments beginning on July 1, 2024, subject to continued service with the Company through the applicable vesting dates. Any unvested portion of this award is subject to forfeiture.
2. The sale reported in this Form 4 was to cover the exercise price and tax withholding obligations associated with the option exercise also reported herein.
3. On February 1, 2016, the reporting person received an option to purchase up to 50,000 shares of company stock that vested pursuant to the following schedule: 20,000 options vested immediately, and the remaining options vested in three equal quarterly installments of 10,000 options per quarter commencing on April 1, 2016.
/s/ Siraj Nour El-Ahmadi 01/28/2026
** 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 4 (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.

Source: View Original Filing on SEC EDGAR