Lightwave Logic CFO exercises options, sells shares
Rhea-AI Filing Summary
Lightwave Logic, Inc.’s Principal Financial Officer, Snizhana P. Quan, exercised employee stock options for 20,000 shares of common stock at an exercise price of $4.87 per share, then sold 20,000 shares in an open-market transaction at a weighted average price of about $10.36 on the same date.
The sale price reflected multiple trades between $10.35 and $10.385. After these transactions, Quan directly holds 51,125 common shares and indirectly holds 4,800 shares through a domestic partner. A related option award continues to vest quarterly, with 16,666 options remaining unvested and subject to forfeiture.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 20,000 shares ($110K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Quan Snizhana P.
Role
Principal Financial Officer
Sold
20,000 shs ($207K)
Approx. gross sale proceeds
$207K
Approx. exercise cost
$97K
Approx. pre-tax spread
$110K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 20,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,000 | $4.87 | $97K |
| Sale | Common Stock | 20,000 | $10.36 | $207K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 55,000 shares (Direct);
Common Stock — 51,125 shares (Direct);
Common Stock — 4,800 shares (Indirect, By Domestic Partner)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.35 to $10.385, inclusive. The reporting person undertakes to provide to Lightwave Logic, Inc., any security holder of Lightwave Logic, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above..
- F2. 8,337 options vested on January 9, 2024, the remaining options began vesting in eleven equal quarterly installments of 8,333 shares on April 9, 2024. 16,666 of the options remain unvested. Any unvested portion of this award is subject to forfeiture.
Key Figures
Options exercised: 20,000 shares
Exercise price: $4.87/share
Shares sold: 20,000 shares
+5 more
8 metrics
Options exercised
20,000 shares
Employee Stock Option exercised at $4.87/share on 2026-04-10
Exercise price
$4.87/share
Price to acquire 20,000 common shares via option exercise
Shares sold
20,000 shares
Open-market sale of common stock on 2026-04-10
Weighted average sale price
$10.36/share
Sales between $10.35 and $10.385 per share
Direct holdings after transactions
51,125 shares
Common stock directly owned following Form 4 transactions
Indirect holdings
4,800 shares
Common stock held indirectly by domestic partner
Unvested options remaining
16,666 options
Portion of award still unvested and subject to forfeiture
Option expiration
2033-10-08
Expiration date of the underlying option grant
Key Terms
Employee Stock Option, weighted average price, open-market sale, vesting, +2 more
6 terms
Employee Stock Option financial
"security_title: "Employee Stock Option (Right to Buy)""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
vesting financial
"options vested on January 9, 2024, the remaining options began vesting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
unvested financial
"16,666 of the options remain unvested."
Domestic Partner financial
"nature_of_ownership: "By Domestic Partner""
FAQ
What did Lightwave Logic (LWLG) executive Snizhana P. Quan do in this Form 4?
Snizhana P. Quan exercised employee stock options for 20,000 shares at $4.87, then sold 20,000 common shares in the open market at a weighted average price of about $10.36, all on the same date, and updated her reported share holdings.
What stock options did the Lightwave Logic (LWLG) CFO exercise in this filing?
She exercised an Employee Stock Option for 20,000 underlying common shares at an exercise price of $4.87 per share. These options are part of a larger grant that began vesting in quarterly installments and includes remaining unvested options subject to forfeiture if conditions aren’t met.
How do the remaining unvested Lightwave Logic (LWLG) options for the CFO vest?
The filing explains that 8,337 options vested on January 9, 2024, and the rest began vesting in eleven equal quarterly installments of 8,333 shares starting April 9, 2024. It notes that 16,666 options from this award remain unvested and may be forfeited if vesting conditions are not satisfied.
Does the Lightwave Logic (LWLG) Form 4 mention any indirect ownership by the CFO?
Yes. In addition to directly owned shares, the Form 4 lists 4,800 shares of Lightwave Logic common stock as indirectly owned, identified as held "By Domestic Partner," indicating economic exposure through a related individual rather than direct personal registration.
AI-generated analysis. How Rhea-AI works. Not financial advice.
