Lightwave Logic (LWLG) finance chief exercises options, sells 25K

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.

Insider Trade Summary

Net Seller: 25,000 shares ($181,750)

Net Sell 4 txns

Insider Quan Snizhana P.

Role Principal Financial Officer

Sold 25,000 shs ($182K)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	25,000	$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 — 76,125 shares (Direct); Common Stock — 4,800 shares (Indirect, By Domestic Partner)

Footnotes (1)

1. [object Object]

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""

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)
03/30/2026

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	03/30/2026		M		25,000	A	$4.87	76,125	D
Common Stock	03/30/2026		S		25,000	D	$7.27	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	03/30/2026		M			25,000	(1)	10/08/2033	Common Stock	25,000	$0.00	75,000	D

Explanation of Responses:

1. 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.

	/s/ Snizhana Quan	03/31/2026
	** 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 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.

How many Lightwave Logic (LWLG) shares did the finance chief sell?

The Principal Financial Officer sold 25,000 shares of Lightwave Logic common stock at $7.27 per share. This sale followed the exercise of 25,000 employee stock options, effectively converting an option position into cash while still retaining substantial share ownership.

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 (LWLG) shares does the executive hold after the transactions?

After the transactions, she holds 51,125 Lightwave Logic common shares directly and 4,800 shares indirectly through a domestic partner. This reflects her remaining equity stake following the 25,000-share open-market sale reported in the Form 4.

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.