Sight Sciences (NASDAQ: SGHT) awarded $34M plus 10% Hydrus royalties

Rhea-AI Filing Summary

Sight Sciences, Inc. announced that the U.S. District Court for the District of Delaware issued an order preserving a jury’s verdict that Alcon willfully infringed three Sight Sciences glaucoma patents. The order awards $34 million in past monetary damages, plus supplemental damages and interest, and grants an ongoing 10% royalty on Hydrus Microstent revenue through November 10, 2028, when the last asserted patent expires. A final judgment will be entered after supplemental damages and pre-judgment interest are calculated and remains subject to appeal by Alcon. Parallel ex parte reexaminations at the USPTO could affect Sight Sciences’ ability to collect if adverse outcomes become final before the litigation is finally resolved in the company’s favor. Sight Sciences expects to record a $5.4 million success fee payable to its litigation counsel in operating expenses, which it plans to exclude from non-GAAP adjusted operating expenses.

Positive

• Court-affirmed infringement verdict and cash award: The Delaware court preserved a jury’s willful infringement finding against Alcon and awarded Sight Sciences $34 million in past damages, plus supplemental damages and interest tied to Hydrus Microstent sales.
• Ongoing royalty stream through 2028: The order grants Sight Sciences a 10% ongoing royalty on Hydrus revenue through November 10, 2028, potentially providing several years of additional high-margin revenue if the final judgment is upheld.

Negative

• Appeal and USPTO reexamination risk: The final judgment will be subject to appeal by Alcon, and ex parte reexaminations of the asserted patents at the USPTO could, if ultimately resolved adversely before a final appellate win, impair Sight Sciences’ ability to collect damages and royalties.
• Litigation success fee expense: Sight Sciences expects to record a $5.4 million success fee payable to its law firm in operating expenses, reducing reported GAAP earnings even though the company plans to exclude it from non-GAAP adjusted operating expenses.

Insights

Litigation and financial impact analyst

Court order upholds infringement verdict, grants $34M plus 10% royalties, but appeals and USPTO reviews create collection risk.

The District of Delaware kept in place a jury finding that Alcon willfully infringed three Sight Sciences patents and awarded $34 million in past damages. Those damages combine $5.5 million in lost profits and $28.5 million in royalty damages on Hydrus sales, with additional supplemental damages and interest to be calculated.

The order also provides for an ongoing royalty of 10% of Hydrus revenue through November 10, 2028, potentially creating a multi‑year revenue stream if upheld. However, the judgment is appealable, and ex parte reexaminations at the USPTO targeting the same patents could, if ultimately adverse to Sight Sciences before a final appellate win, limit its ability to collect.

Economically, the company will also incur a $5.4 million success fee to Cooley LLP, booked in operating expenses but excluded from non‑GAAP adjusted operating expenses. Future disclosures after entry of final judgment and as appeals and USPTO reviews progress will clarify the ultimate financial benefit.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 27, 2026

Sight Sciences, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-40587	80-0625749
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
4040 Campbell Avenue Suite 100
Menlo Park, California				94025
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 877 266-1144

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value per share		SGHT		The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On March 30, 2026, Sight Sciences, Inc. (the “Company”) issued a press release announcing that the U.S. District Court for the District of Delaware (the “Court”) issued an order preserving the jury’s verdict of willful infringement in the patent infringement case (the “Litigation”) filed by the Company in September 2021 against Alcon Inc., Alcon Vision, LLC, Alcon Research, LLC, and Ivantis, Inc. (collectively, “Alcon”). The Company had asserted that Alcon’s sale of the Hydrus® Microstent (“Hydrus”) infringed three Sight Sciences patents. The patents at issue were U.S. Patent Nos. 8,287,482, 9,370,443, and 11,389,328 (the “Patents”). The Court’s order, which was entered on March 27, 2026, (i) preserved the jury’s verdict that Alcon willfully infringed all of the Patents; and (ii) awarded monetary damages of $34 million, plus supplemental damages and interest, for past infringement, plus an ongoing royalty of 10% of Hydrus revenue through November 10, 2028, the date of expiration of Sight Sciences’ last Patent. A final judgment (the “Final Judgment”) is expected to be entered by the Court in the coming months after supplemental damages and pre-judgment interest have been calculated. The Final Judgment is subject to appeal by Alcon. No monetary damages will be recovered by the Company until Alcon exhausts its rights to appeal or the time for filing an appeal has passed.

In June 2025, Alcon filed petitions for ex parte reexamination (“EPR”) with the U.S. Patent and Trademark Office (“USPTO”) challenging the validity of the claims in the Patents that the Company had asserted at trial, based on prior art patents and publications. The USPTO is reexamining the validity of these claims, and any final office actions by the USPTO, if adverse to the Company, are subject to multiple layers of appeal by the Company, initially within the USPTO, and then to the Federal Circuit Court of Appeals. If an adverse, final and non-appealable judgment from one or more of the EPRs is entered by the Federal Circuit Court of Appeals before a final and non-appealable judgment from the Litigation is entered by that same appeals court in the Company’s favor, it could negatively affect the Company’s ability to collect on the Final Judgment.

Previously, Alcon filed petitions for inter partes review challenging the validity of two of the three patents that Sight Sciences presented at trial. Those petitions were denied by the USPTO in March 2023, which concluded in each case that instituting a review of the validity of the petitioned patents was unwarranted. The USPTO found that the same or substantially the same prior art and arguments previously had been presented to it during examination of the petitioned patents, and Alcon had not demonstrated that the USPTO patent examiner materially erred when considering the prior art.

A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this “Current Report”) and is incorporated into Item 7.01 by reference.

The information in Item 7.01 of this Current Report, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. Such information shall not be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing, except as otherwise expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description of Exhibit
99.1	Press Release dated March 30, 2026
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Sight Sciences, Inc.
Date:	March 30, 2026	By:	/s/ James Rodberg
			Chief Financial Officer

Exhibit 99.1

Sight Sciences Secures Order on Post-Trial Motions That Preserves the Jury’s Verdict and Awards Monetary Damages to Sight Sciences Against Alcon and its Hydrus® Microstent

Court preserves jury’s finding of willful infringement by Alcon, and awards past damages to Sight Sciences in excess of $34 million and ongoing royalties through November 2028

MENLO PARK, Calif. – March 30, 2026 - (GLOBE NEWSWIRE) -- Sight Sciences, Inc. (Nasdaq: SGHT) (Sight Sciences or the Company), an eyecare technology company focused on developing and commercializing innovative, interventional technologies intended to transform care and improve patients’ lives, today announced that the U.S. District Court for the District of Delaware (the Court) issued an order on post-trial motions in Sight Sciences’ patent infringement case against Alcon Inc., Alcon Vision, LLC, Alcon Research, LLC, and Ivantis, Inc. (collectively, Alcon) originally filed on September 16, 2021, that preserved the jury’s verdict of willful infringement. Sight Sciences asserted that Alcon’s sale of the Hydrus® Microstent (Hydrus) infringed three Sight Sciences patents.

The Court’s order was entered on March 27, 2026. The order (i) did not disturb the jury’s verdict that Alcon willfully infringed all three of Sight Sciences’ asserted patents and (ii) awarded monetary damages of $34 million, plus supplemental damages and interest, for past infringement, plus an ongoing royalty of 10% of Hydrus revenue through November 10, 2028, the date of expiration of Sight Sciences’ last asserted patent. A final judgment is expected to be entered by the Court in the coming months after supplemental damages and pre-judgment interest have been calculated. The Court’s final judgment is subject to appeal by Alcon.

Judgment Overview

•The patents at issue were U.S. Patent Nos. 8,287,482, 9,370,443, and 11,389,328

•The past monetary damages are comprised of $5.5 million in lost profits and $28.5 million in royalty damages for Hydrus sales for the period commencing from its commercial launch through the jury verdict, plus pre-judgment and post-judgment interest and supplemental damages for Hydrus sales during the period between the jury’s verdict and the Court’s entry of the final judgment, in amounts to be determined after Alcon produces supplemental financial data.

•The final judgement, if upheld, would entitle Sight Sciences to ongoing royalties at a rate of 10% of revenue for each Hydrus sold for the period after entry of the final judgment through the expiration of the last asserted patent, which is set to expire on November 10, 2028.

•The final judgment is subject to appeal, and may be affected by ex parte reexamination proceedings filed by Alcon in front of the U.S. Patent and Trademark Office (USPTO).

•Cooley LLP represented Sight Sciences in the litigation.

“We are pleased with the results of the ruling and the recognition of our strong intellectual property portfolio in interventional glaucoma. Since 2006, Sight Sciences has been committed to elevating the standard of glaucoma care by pioneering and developing the field of circumferential microinvasive

glaucoma surgery,” said Paul Badawi, Co-Founder and Chief Executive Officer of Sight Sciences. “We believe safeguarding our intellectual property, which includes both microinvasive glaucoma implants as well as microcatheter-based canaloplasty devices, is critical. It allows us to continue investing in our pipeline of additional interventional innovations with the goal of further elevating the standard of care on behalf of our surgeon customers and their glaucoma patients.”

The Company expects to record a $5.4 million success fee to operating expenses, payable to Cooley LLP. The Company expects to exclude this success fee in the amounts reported under non-GAAP adjusted operating expenses.

About Sight Sciences

Sight Sciences is an eyecare technology company focused on developing and commercializing innovative and interventional solutions intended to transform care and improve patients’ lives. Using minimally invasive or non-invasive approaches to target the underlying causes of the world’s most prevalent eye diseases, Sight Sciences seeks to create more effective treatment paradigms that enhance patient care and supplant conventional outdated approaches. The Company’s OMNI® Surgical System and OMNI® Edge Surgical System are implant-free, minimally invasive glaucoma surgery technologies indicated in the United States to reduce intraocular pressure in adult patients with primary open-angle glaucoma. The OMNI Surgical System is CE Marked for the catheterization and transluminal viscodilation of Schlemm’s canal and cutting of the trabecular meshwork to reduce intraocular pressure in adult patients with open-angle glaucoma. Glaucoma is the world’s leading cause of irreversible blindness. The SION® Surgical System is a bladeless, manually operated device used in ophthalmic surgical procedures to excise trabecular meshwork. The Company’s TearCare® System is 510(k) cleared in the United States for the application of localized heat therapy in adult patients with evaporative dry eye disease due to meibomian gland disease (MGD), enabling clearance of gland obstructions by physicians to address the leading cause of dry eye disease. Visit www.sightsciences.com for more information.

Sight Sciences, the Sight Sciences logo, TearCare, and SmartLids are trademarks of Sight Sciences registered in the United States. OMNI and SION are trademarks of Sight Sciences registered in the United States, European Union and other territories.

Hydrus® is a registered trademark of Alcon Vision LLC.

© 2026 Sight Sciences. All rights reserved.

Forward-Looking Statements

This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements herein include, without limitation, statements concerning the timing, scope, and ultimate entry of the Court’s final judgment; the

duration of the ongoing royalty period; supplemental damages and pre-judgment interest calculations; the fact the final judgment is subject to appeal; the timing of the Court’s final judgment after supplemental damages and pre-judgment interest have been calculated based on financial data provided by Alcon; payment by Alcon of go-forward royalties; the date of expiration of the Company’s last asserted patent and accompanying expiration of Alcon’s royalty obligations; potential appeals or other post-judgment proceedings, and the possible impact of the ongoing ex parte reexamination petitions filed by Alcon on the final judgment; safeguarding of our intellectual property; our continued investment in our pipeline of additional interventional innovations with the goal of further elevating the standard of care on behalf of our surgeon customers and their glaucoma patients; and the Company’s anticipated payment of the Cooley success fee, and related accounting treatment. These statements often include words such as “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at such time. Although management believes these forward-looking statements are based upon reasonable assumptions at the time they are made, management cannot guarantee their accuracy or completeness. Forward-looking statements are subject to and involve risks, uncertainties and assumptions that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance, or achievements predicted, assumed or implied by such forward-looking statements. Some of the risks and uncertainties that may cause actual results to materially differ from those expressed or implied by these forward-looking statements are discussed under the caption “Risk Factors” in the Company’s filings with the SEC, as may be updated from time to time in subsequent filings. These cautionary statements should not be construed by you to be exhaustive and are made only as of the date of this press release. Sight Sciences undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Investor contact:
Philip Taylor
Gilmartin Group
415.937.5406
Investor.Relations@Sightsciences.com

Media contact:

pr@SightSciences.com

FAQ

What did Sight Sciences (SGHT) obtain in its litigation against Alcon?

Sight Sciences secured a court order preserving a jury verdict of willful infringement and awarding $34 million in past damages. It also obtained an ongoing 10% royalty on Hydrus Microstent revenue through November 10, 2028, subject to final judgment and potential appeals.

How is the $34 million in damages for Sight Sciences (SGHT) structured?

The $34 million award consists of $5.5 million in lost profits and $28.5 million in royalty damages on Hydrus sales through the jury verdict. Additional supplemental damages and pre- and post-judgment interest will be determined after Alcon provides further financial data.

What ongoing royalties could Sight Sciences (SGHT) receive from Alcon’s Hydrus Microstent?

If the final judgment is upheld, Sight Sciences is entitled to a 10% royalty on revenue from each Hydrus Microstent sold. This royalty applies from entry of final judgment through November 10, 2028, when the company’s last asserted patent is scheduled to expire.

What risks could affect Sight Sciences’ (SGHT) ability to collect the awarded damages?

The judgment is subject to appeal by Alcon, which could alter or reduce the award. In addition, ex parte reexaminations at the USPTO challenging the asserted patents could, if finally resolved adversely before a favorable appellate judgment, negatively affect the company’s ability to collect.

How will the litigation outcome impact Sight Sciences’ (SGHT) operating expenses?

Sight Sciences expects to record a $5.4 million success fee payable to its counsel as operating expenses. The company plans to exclude this fee when presenting non-GAAP adjusted operating expenses, so GAAP and non-GAAP results will differ by that amount.

Which patents were involved in Sight Sciences’ (SGHT) case against Alcon?

The litigation involved three Sight Sciences patents: U.S. Patent Nos. 8,287,482, 9,370,443, and 11,389,328. The court’s order preserved the jury’s finding that Alcon willfully infringed all three asserted patents through sales of the Hydrus Microstent.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 28.2 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 26.4 KB