Tax-cover sale by Lightwave Logic (LWLG) director after RSU vesting

Rhea-AI Filing Summary

Lightwave Logic director Thomas M. Connelly Jr. reported selling 9,000 shares of common stock on March 31, 2026 at an average price of $8.52 per share. According to the filing, this sale was made solely to cover tax withholding obligations tied to RSU vestings on that date.

After the transaction, Connelly directly holds 77,132 shares of Lightwave Logic common stock.

Insider Trade Summary

Net Seller: 9,000 shares ($76,680)

Net Sell 1 txn

Insider CONNELLY THOMAS M JR

Role Director

Sold 9,000 shs ($77K)

Type	Security	Shares	Price	Value
Sale	Common Stock	9,000	$8.52	$77K

Holdings After Transaction: Common Stock — 77,132 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 9,000 shares Sale price: $8.52 per share Shares held after transaction: 77,132 shares

3 metrics

Shares sold 9,000 shares Common Stock sold to cover tax withholding on RSU vesting

Sale price $8.52 per share Average price for 9,000 shares sold on March 31, 2026

Shares held after transaction 77,132 shares Director’s direct holdings after tax-cover sale

Key Terms

RSU, tax withholding obligations, Form 4

3 terms

RSU financial

"associated with RSU vestings on March 31, 2026"

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.

tax withholding obligations financial

"was to cover the tax withholding obligations associated with RSU vestings"

Form 4 regulatory

"The sale reported in this Form 4 was to cover"

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 →

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)
04/06/2026

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	04/06/2026		S		9,000(1)	D	$8.52	77,132	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale reported in this Form 4 was to cover the tax withholding obligations associated with RSU vestings on March 31, 2026.

	/s/ Thomas M. Connelly, Jr.	04/06/2026
	** 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 insider transaction did Lightwave Logic (LWLG) disclose in this Form 4?

Lightwave Logic reported that director Thomas M. Connelly Jr. sold 9,000 shares of common stock at $8.52 per share. The filing explains the sale was made to cover tax withholding obligations related to restricted stock unit (RSU) vestings on March 31, 2026.

Who is the insider involved in the latest LWLG Form 4 filing?

The insider is Thomas M. Connelly Jr., a director of Lightwave Logic. He reported a sale of 9,000 shares of common stock to satisfy tax withholding obligations associated with RSU vestings, rather than a discretionary open-market sale for portfolio reasons.

How many Lightwave Logic shares were sold and at what price?

The Form 4 shows a sale of 9,000 shares of Lightwave Logic common stock at an average price of $8.52 per share. The transaction is described as covering tax withholding obligations from RSU vestings that occurred on March 31, 2026.

How many LWLG shares does the director hold after this transaction?

Following the reported sale, director Thomas M. Connelly Jr. directly holds 77,132 shares of Lightwave Logic common stock. This figure reflects his post-transaction position after using 9,000 shares to satisfy tax withholding obligations tied to vested RSUs.

Was the LWLG insider sale a discretionary sale or for tax withholding?

The sale was for tax withholding, not a typical discretionary sale. The Form 4 footnote states the 9,000 shares were sold specifically to cover tax obligations arising from restricted stock unit (RSU) vestings that occurred on March 31, 2026.