Lightwave Logic director sells shares for RSU taxes
Lightwave Logic, Inc. director Ronald A. Bucchi exercised restricted stock units and sold shares primarily for taxes.
Rhea-AI Filing Summary
Lightwave Logic, Inc. director Ronald A. Bucchi exercised restricted stock units and sold shares primarily for taxes. On March 31, 2026 he converted 20,161 restricted stock units into the same number of common shares at a stated price of $0.0000 per share. On April 1, 2026 he sold 11,000 common shares at a weighted average price of $6.92 per share to cover tax withholding obligations tied to this RSU vesting. After these transactions he holds 294,879 common shares directly and 3,000 common shares indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Bucchi Ronald A
Role
Director
Sold
11,000 shs ($76K)
Approx. gross sale proceeds
$76K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,000 | $6.92 | $76K |
| Exercise | Restricted Stock Units | 20,161 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,161 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 294,879 shares (Direct);
Common Stock — 3,000 shares (Indirect, By Spouse)
Footnotes (5)
- F1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- F2. A Form 4 filed on December 8, 2023 inadvertently did not reflect 22,375 shares of common stock held by the Reporting Person from a transaction reported on a Form 4 filed on June 7, 2023, in the total owned reported in the December 2023 Form 4. Those shares are now reflected in this balance.
- F3. The sale reported in this Form 4 was to cover the tax withholding obligations associated with a RSU vesting on March 31, 2026.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.91 to $6.92, 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.
- F5. Represents a grant of RSUs under the Issuer's 2025 Equity Incentive Plan. 20,162 RSU's vested on July 15, 2025, 20,161 shares vested on each of September 30, 2025, December 31, 2025, and March 31, 2026.
Key Figures
Shares sold: 11,000 shares
Sale price: $6.92 per share
RSUs exercised: 20,161 units
+4 more
7 metrics
Shares sold
11,000 shares
Common stock sale on April 1, 2026
Sale price
$6.92 per share
Weighted average sale price with trades from $6.91 to $6.92
RSUs exercised
20,161 units
Restricted stock units converted to common stock on March 31, 2026
Direct holdings after
294,879 shares
Common stock directly owned after reported transactions
Indirect holdings after
3,000 shares
Common stock held indirectly through spouse after transactions
RSU vesting installment
20,162 RSUs
RSUs that vested on July 15, 2025 under 2025 Equity Incentive Plan
Additional RSU vestings
20,161 RSUs each date
RSUs vesting on September 30, 2025, December 31, 2025, March 31, 2026
Key Terms
Restricted Stock Units, weighted average price, tax withholding obligations, Equity Incentive Plan, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents the contingent right to receive"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
tax withholding obligations financial
"The sale reported in this Form 4 was to cover the tax withholding obligations"
Equity Incentive Plan financial
"Represents a grant of RSUs under the Issuer's 2025 Equity Incentive Plan."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did LWLG director Ronald Bucchi report?
Ronald Bucchi reported exercising 20,161 restricted stock units into common shares and selling 11,000 common shares. The sale was described as covering tax withholding obligations tied to RSU vesting, while he retained a substantial direct and indirect share position afterward.
What happened to Ronald Bucchi’s restricted stock units in Lightwave Logic (LWLG)?
He converted 20,161 restricted stock units into 20,161 common shares at a stated price of $0.0000 per share. A footnote describes these RSUs as part of a grant under the 2025 Equity Incentive Plan, with installments vesting on several dates through March 31, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
