Lightwave Logic director sells shares for tax obligations
Lightwave Logic, Inc. director El-Ahmadi Siraj Nour reported equity compensation activity and a related share sale.
Rhea-AI Filing Summary
Lightwave Logic, Inc. director El-Ahmadi Siraj Nour reported equity compensation activity and a related share sale. On March 31, 2026, 20,161 Restricted Stock Units were exercised into the same number of common shares at $0.00 per share under the 2025 Equity Incentive Plan. On April 7, 2026, he sold 54,536 common shares at a weighted average price of $7.76 per share to cover tax obligations associated with the vesting of equity awards. Following these transactions, he directly owns 97,168 shares of Lightwave Logic common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
El-Ahmadi Siraj Nour
Role
Director
Sold
54,536 shs ($423K)
Approx. gross sale proceeds
$423K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 54,536 | $7.76 | $423K |
| Exercise | Restricted Stock Units | 20,161 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,161 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 97,168 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- F2. The sale reported in this Form 4 was to cover tax obligations associated with the vesting of equity awards.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.615 to $7.92, 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.
- F4. 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
Shares sold: 54,536 shares
Weighted average sale price: $7.76 per share
RSUs exercised: 20,161 units
+3 more
6 metrics
Shares sold
54,536 shares
Common stock sale on April 7, 2026 to cover taxes
Weighted average sale price
$7.76 per share
Common stock sold in multiple trades between $7.615 and $7.92
RSUs exercised
20,161 units
Restricted Stock Units converted to common stock on March 31, 2026
RSU exercise price
$0.00 per unit
Conversion of RSUs into common stock
Shares owned after transactions
97,168 shares
Director’s direct common stock holdings following reported transactions
Price range of sales
$7.615–$7.92 per share
Range of individual trade prices for the 54,536 shares sold
Key Terms
Restricted Stock Units, weighted average price, Equity Incentive Plan, open-market sale, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents the contingent right to receive..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Equity Incentive Plan financial
"Represents a grant of RSUs under the Issuer's 2025 Equity Incentive Plan."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
open-market sale financial
"transaction_action: "open-market sale" for the common stock transaction."
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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for the RSU transaction."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did LWLG director El-Ahmadi Siraj Nour report?
El-Ahmadi Siraj Nour reported exercising 20,161 Restricted Stock Units into common stock and selling 54,536 common shares. The sale was conducted at a weighted average price of $7.76 per share to cover tax obligations related to equity award vesting.
What RSU activity did Lightwave Logic (LWLG) disclose for its director?
The director exercised 20,161 Restricted Stock Units, converting them into the same number of common shares at a conversion price of $0.00. These RSUs were granted under Lightwave Logic’s 2025 Equity Incentive Plan and vested on March 31, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
