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

Rhea-AI Filing Summary

Director Thomas M. Connelly Jr. reported equity activity in Lightwave Logic, Inc. (LWLG). On 09/30/2025 he was granted 20,161 restricted stock units (RSUs) under the 2025 Equity Incentive Plan (each RSU converts to one share on vesting), increasing his total beneficial ownership of common stock to 51,811 shares. The filing shows a sale of 6,000 shares on 10/02/2025 at $4.255 per share to cover tax obligations tied to RSU vesting, reducing his reported holdings to 45,811 shares. The RSU schedules include a prior restricted stock award of 11,488 shares vesting in eight quarterly installments beginning 10/01/2024, and the 2025 grant vesting in installments with 20,162 RSUs vesting on 07/15/2025 and additional tranches on 09/30/2025, 12/31/2025, and 03/31/2026. Unvested shares are subject to forfeiture.

Insights

Corporate Governance Analyst

Director exercised standard equity compensation and sold shares to meet tax obligations.

The report shows a grant of 20,161 RSUs and a contemporaneous sale of 6,000 shares at $4.255. This pattern—receiving RSUs and selling a portion to cover taxes—is a common administrative response to vesting events and does not, by itself, indicate a change in control or an unusual insider liquidity event.

The filing discloses total beneficial ownership of 45,811 shares after the sale, with remaining unvested tranches through 03/31/2026. These vesting schedules create continued alignment with shareholders until forfeiture conditions or service requirements lapse.

Compensation & Equity Specialist

Equity grants and timing are consistent with the Issuer’s incentive plans and scheduled vesting.

The RSU mechanics are explicit: each RSU converts to one share on vesting and prior awards include 11,488 restricted shares vesting quarterly. The 2025 grant lists specific vesting dates, including a 20,162 tranche dated 07/15/2025, then tranches on 09/30/2025, 12/31/2025, and 03/31/2026. These details clarify when dilution from share issuance may occur and when tax events triggering sales can be expected.

Insider Trade Summary

Net Seller: 6,000 shares ($25,530)

Net Sell 3 txns

Insider CONNELLY THOMAS M JR

Role Director

Sold 6,000 shs ($26K)

Type	Security	Shares	Price	Value
Sale	Common Stock	6,000	$4.255	$26K
Exercise	Restricted Stock Unit	20,161	$0.00	--
Exercise	Common Stock	20,161	$0.00	--

Holdings After Transaction: Common Stock — 45,811 shares (Direct); Restricted Stock Unit — 40,322 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 11,488 shares of common stock issued pursuant to a restricted stock award granted pursuant to the Issuer's 2016 Equity Incentive Plan, which vests as follows: The shares vest in 8 equal quarterly installments of 1,436 shares beginning October 1, 2024, subject to continued service with the Company through the applicable vesting dates. This award is subject to forfeiture. The sale reported in this Form 4 was to cover tax obligations associated with the vesting of RSUs also reported herein. Represents a grant of RSUs under the Issuer's 2025 Equity Incentive Plan. 20,162 RSU's vest on July 15, 2025, with remaining vesting as follows: 20,161 shares vest on each of September 30, 2025, December 31, 2025, and 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).

1. Name and Address of Reporting Person^*

CONNELLY THOMAS M JR

(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)
09/30/2025

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	09/30/2025		M		20,161	A	(1)	51,811(2)	D
Common Stock	10/02/2025		S(3)		6,000	D	$4.255	45,811(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)	09/30/2025		M			20,161	(4)	(4)	Common Stock	20,161	$0.00	40,322	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 11,488 shares of common stock issued pursuant to a restricted stock award granted pursuant to the Issuer's 2016 Equity Incentive Plan, which vests as follows: The shares vest in 8 equal quarterly installments of 1,436 shares beginning October 1, 2024, subject to continued service with the Company through the applicable vesting dates. This award is subject to forfeiture.

3. The sale reported in this Form 4 was to cover tax obligations associated with the vesting of RSUs also reported herein.

4. Represents a grant of RSUs under the Issuer's 2025 Equity Incentive Plan. 20,162 RSU's vest on July 15, 2025, with remaining vesting as follows: 20,161 shares vest on each of September 30, 2025, December 31, 2025, and March 31, 2026, subject to continued service with the Company through the applicable vesting dates. Unvested shares are subject to forfeiture.

	/s/ James S. Marcelli, Attorney-in-fact for Thomas M. Connelly, Jr.	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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