Lightwave Logic (LWLG) director gains 20,161 shares via RSU vesting

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Lightwave Logic, Inc. director Thomas M. Connelly Jr. exercised restricted stock units into common shares. On March 31, 2026 he converted 20,161 RSUs at a stated price of $0.00 per share, increasing his direct common stock holdings to 86,132 shares.

These RSUs were granted under the company’s 2025 Equity Incentive Plan. According to the vesting schedule, 20,162 RSUs vested on July 15, 2025 and 20,161 shares vested on each of September 30, 2025, December 31, 2025 and March 31, 2026.

Insider Trade Summary

20,161 shares exercised/converted

Mixed 2 txns

Insider CONNELLY THOMAS M JR

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	20,161	$0.00	--
Exercise	Common Stock	20,161	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Common Stock — 86,132 shares (Direct)

Footnotes (1)

Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stoc. 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

RSUs exercised: 20,161 units Exercise price: $0.00 per share Shares held after: 86,132 shares +2 more

5 metrics

RSUs exercised 20,161 units Restricted Stock Units converted to common stock on March 31, 2026

Exercise price $0.00 per share Stated price for RSU conversion to common stock

Shares held after 86,132 shares Director’s direct common stock holdings following the transaction

Initial vesting tranche 20,162 RSUs RSUs vested on July 15, 2025 under 2025 Equity Incentive Plan

Subsequent vesting tranches 20,161 shares each date Vested on Sept 30, 2025; Dec 31, 2025; Mar 31, 2026

Key Terms

Restricted Stock Unit, 2025 Equity Incentive Plan, RSU, Form 4

4 terms

Restricted Stock Unit financial

"security_title: "Restricted Stock Unit" with contingent right to common stock"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

2025 Equity Incentive Plan financial

"Represents a grant of RSUs under the Issuer's 2025 Equity Incentive Plan."

RSU financial

"Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting, one share."

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) describing the director’s equity transactions."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

04/03/2026 - 09:51 AM

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^*

CONNELLY THOMAS M JR

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/31/2026		M		20,161	A	⁽¹⁾	86,132	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	03/31/2026		M			20,161	⁽²⁾	⁽²⁾	Common Stock	0	$0.00	0	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stoc.

2. 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.

	/s/ Thomas M. Connelly, Jr.	04/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Lightwave Logic (LWLG) report in this Form 4?

Lightwave Logic reported that director Thomas M. Connelly Jr. exercised 20,161 restricted stock units into common stock. The RSUs converted at a stated price of $0.00 per share, reflecting a routine equity compensation event rather than an open-market purchase or sale.

How many Lightwave Logic (LWLG) shares does the director hold after this transaction?

After the March 31, 2026 RSU exercise, Thomas M. Connelly Jr. directly holds 86,132 shares of Lightwave Logic common stock. This figure comes from the post-transaction ownership line and shows his continuing equity stake following the vesting and conversion of RSUs.

What type of security did the Lightwave Logic (LWLG) director exercise?

The director exercised restricted stock units, a form of equity compensation that converts into common shares upon vesting. Specifically, 20,161 RSUs were settled into 20,161 shares of Lightwave Logic common stock on March 31, 2026, with no cash exercise price shown.

Under which plan were the Lightwave Logic (LWLG) RSUs granted?

The restricted stock units were granted under Lightwave Logic’s 2025 Equity Incentive Plan. Footnotes state that 20,162 RSUs vested on July 15, 2025 and 20,161 shares vested on each of September 30, 2025, December 31, 2025, and March 31, 2026 under this plan.

Was this Lightwave Logic (LWLG) Form 4 an open-market buy or sell?

No, the filing shows an exercise or conversion of restricted stock units rather than an open-market trade. The transaction code is M, and the price is listed as $0.00 per share, indicating settlement of equity compensation rather than a discretionary purchase or sale.