Lightwave Logic finance chief sells 25K shares
Lightwave Logic, Inc. Principal Financial Officer Snizhana P. Quan exercised employee stock options for 25,000 shares of common stock at $4.87 per share and on the same day sold 25,000 shares at $7.27 per share in an open-market transaction.
Rhea-AI Filing Summary
Lightwave Logic, Inc. Principal Financial Officer Snizhana P. Quan exercised employee stock options for 25,000 shares of common stock at $4.87 per share and on the same day sold 25,000 shares at $7.27 per share in an open-market transaction.
Following these transactions, she holds 51,125 common shares directly and 4,800 shares indirectly through a domestic partner. A footnote states that 24,999 options from this award remain unvested and are subject to forfeiture, with the option grant expiring on October 8, 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 25,000 shares ($60K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Quan Snizhana P.
Role
Principal Financial Officer
Sold
25,000 shs ($182K)
Approx. gross sale proceeds
$182K
Approx. exercise cost
$122K
Approx. pre-tax spread
$60K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 25,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 25,000 | $4.87 | $122K |
| Sale | Common Stock | 25,000 | $7.27 | $182K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 75,000 shares (Direct);
Common Stock — 51,125 shares (Direct);
Common Stock — 4,800 shares (Indirect, By Domestic Partner)
Footnotes (1)
- F1. 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. 24,999 of the options remain unvested. Any unvested portion of this award is subject to forfeiture.
Key Figures
Options exercised: 25,000 options at $4.87
Shares sold: 25,000 shares at $7.27
Direct holdings after: 51,125 shares
+3 more
6 metrics
Options exercised
25,000 options at $4.87
Employee stock option exercise on March 30, 2026
Shares sold
25,000 shares at $7.27
Open-market sale on March 30, 2026
Direct holdings after
51,125 shares
Common stock directly owned after transactions
Indirect holdings after
4,800 shares
Common stock held indirectly by domestic partner
Unvested options remaining
24,999 options
Unvested portion of the same award, subject to forfeiture
Option expiration
October 8, 2033
Expiration date of the option grant
Key Terms
Employee Stock Option, open-market sale, Principal Financial Officer, unvested options, +1 more
5 terms
Employee Stock Option financial
"security title is listed as "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.
open-market sale financial
"transaction_action is described as "open-market sale" for common stock"
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.
Principal Financial Officer financial
"reporting person is identified with officer_title "Principal Financial Officer""
The principal financial officer is the senior executive who runs a company's financial operations: preparing and certifying financial reports, managing accounting controls, budgets and cash flow, and advising on financial strategy. Investors care about this role because its competence affects how trustworthy the company’s numbers are, how well it manages risk and capital needs, and the credibility of forecasts—like the chief navigator steering a firm's financial course.
unvested options financial
"footnote explains that 24,999 of the options remain unvested"
indirect ownership financial
"a holding entry shows indirect ownership "By Domestic Partner""
FAQ
What did Lightwave Logic (LWLG) executive Snizhana P. Quan do in this Form 4?
Snizhana P. Quan exercised options for 25,000 Lightwave Logic shares at $4.87 and sold 25,000 shares at $7.27. She remains a significant holder, retaining direct and indirect shares plus unvested options from the same award.
At what price did Snizhana P. Quan exercise her Lightwave Logic options?
She exercised employee stock options at an exercise price of $4.87 per share for 25,000 underlying Lightwave Logic common shares. These options are part of a grant that vests in quarterly installments and is scheduled to expire on October 8, 2033.
How many Lightwave Logic stock options remain unvested for the finance chief?
A footnote states that 24,999 options from this award remain unvested and subject to forfeiture. Earlier tranches vested beginning January 9, 2024, with additional vesting in eleven equal quarterly installments starting April 9, 2024.
What is the expiration date of the Lightwave Logic options exercised in this Form 4?
The employee stock options exercised by the Principal Financial Officer are scheduled to expire on October 8, 2033. This expiration date applies to the broader option grant from which 25,000 options were exercised and 24,999 options remain unvested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
