Lightwave Logic (LWLG) CFO exercises 20K options and sells 20K 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.

Insider Trade Summary

Net Seller: 20,000 shares ($207,200)

Net Sell 4 txns

Insider Quan Snizhana P.

Role Principal Financial Officer

Sold 20,000 shs ($207K)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	20,000	$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 — 71,125 shares (Direct); Common Stock — 4,800 shares (Indirect, By Domestic Partner)

Footnotes (1)

1. 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.. 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""

Form 4 Insider Transactions: What Each Field Means →

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^*

Quan Snizhana P.

(Last) (First) (Middle)

369 INVERNESS PARKWAY

SUITE 350

(Street)

ENGLEWOOD COLORADO 80112

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/10/2026		M		20,000	A	$4.87	71,125	D
Common Stock	04/10/2026		S		20,000	D	$10.36(1)	51,125	D
Common Stock								4,800	I	By Domestic Partner

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)	$4.87	04/10/2026		M			20,000	(2)	10/08/2033	Common Stock	20,000	$0.00	55,000	D

Explanation of Responses:

1. 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..

2. 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.

	/s/ Snizhana Quan	04/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)

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.

How many Lightwave Logic (LWLG) shares did the CFO sell and at what price?

The Principal Financial Officer sold 20,000 shares of Lightwave Logic common stock in an open-market transaction at a weighted average price of $10.36 per share, with individual trades occurring in a narrow range between $10.35 and $10.385 per share, as disclosed.

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.

What are the Principal Financial Officer’s current Lightwave Logic (LWLG) share holdings?

After the reported transactions, the Principal Financial Officer directly holds 51,125 shares of Lightwave Logic common stock. In addition, there are 4,800 shares reported as indirectly owned through a domestic partner, reflecting total reported economic exposure in the filing.

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.