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  4. [Form 4] Lightwave Logic, Inc. Insider Trading Activity

Lightwave Logic (LWLG) director sells 49,260 shares, settles RSUs

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Lightwave Logic, Inc. director El-Ahmadi Siraj Nour reported equity award activity and a related share sale. On December 31, 2025, 20,161 restricted stock units converted into the same number of common shares at an exercise price of $0.00, reflecting previously granted equity under the company’s incentive plans. The filing also shows a sale of 49,260 common shares at a weighted average price of $3.151 per share, described as covering tax obligations tied to 2025 equity vesting. After these transactions, the director directly held 99,535 shares of common stock. Footnotes explain that each RSU delivers one share on vesting and that remaining RSU tranches are subject to continued service and forfeiture if vesting conditions are not met.

Positive

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Negative

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Insider El-Ahmadi Siraj Nour
Role Director
Sold 49,260 shs ($155K)
Type Security Shares Price Value
Exercise Restricted Stock Unit 20,161 $0.00 --
Exercise Common Stock 20,161 $0.00 --
Sale Common Stock 49,260 $3.151 $155K
Holdings After Transaction: Restricted Stock Unit — 20,161 shares (Direct); Common Stock — 148,795 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. Includes 17,241 shares of common stock issued pursuant to a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan, 2,881 shares of restricted stock vested on June 18, 2024, with the remaining restricted stock awards vesting in 10 equal quarterly installments beginning on July 1, 2024, subject to continued service with the Company through the applicable vesting dates. Any unvested portion of this award is subject to forfeiture. The sale reported in this Form 4 was to cover tax obligations associated with the vesting of equity awards during 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.11 to $3.205, 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. 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 20,161 shares will vest on March 31, 2026, subject to continued service with the Company through the applicable vesting dates. Unvested shares are subject to forfeiture.
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*
El-Ahmadi Siraj Nour
(Last) (First) (Middle)
369 INVERNESS PARKWAY
SUITE 350
(Street)
ENGLEWOOD CO 80112
(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 12/31/2025 M 20,161 A (1) 148,795(2) D
Common Stock 12/31/2025 S(3) 49,260 D $3.151(4) 99,535(2) 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
Restricted Stock Unit (1) 12/31/2025 M 20,161 (5) (5) Common Stock 20,161 $0.00 20,161 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 stock.
2. Includes 17,241 shares of common stock issued pursuant to a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan, 2,881 shares of restricted stock vested on June 18, 2024, with the remaining restricted stock awards vesting in 10 equal quarterly installments beginning on July 1, 2024, subject to continued service with the Company through the applicable vesting dates. Any unvested portion of this award is subject to forfeiture.
3. The sale reported in this Form 4 was to cover tax obligations associated with the vesting of equity awards during 2025.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.11 to $3.205, 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.
5. 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 20,161 shares will vest on March 31, 2026, subject to continued service with the Company through the applicable vesting dates. Unvested shares are subject to forfeiture.
/s/ Siraj Nour El-Ahmadi 01/07/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did LWLG director El-Ahmadi report?

The director reported the conversion of 20,161 restricted stock units into common stock and the sale of 49,260 common shares on December 31, 2025.

Why did the LWLG insider sell 49,260 shares of common stock?

Footnotes state the 49,260-share sale was made to cover tax obligations associated with equity awards that vested during 2025.

What price did the LWLG shares sell for in this Form 4?

The sale was reported at a weighted average price of $3.151 per share, with individual trades ranging from $3.11 to $3.205.

How many LWLG shares does the director hold after these transactions?

Following the reported transactions, the director directly owned 99,535 shares of Lightwave Logic common stock.

What do the reported LWLG restricted stock units represent?

Each restricted stock unit (RSU) represents the right to receive one share of common stock upon vesting, subject to service-based vesting and forfeiture conditions.

What is the vesting schedule for the reported LWLG RSU grant?

A 2025 RSU grant provided 20,162 RSUs vesting on July 15, 2025, and 20,161 RSUs vesting on each of September 30, 2025, December 31, 2025, and March 31, 2026, subject to continued service.