Opaleye buys 40K Sol-Gel Technologies shares
Sol-Gel Technologies Ltd. (SLGL) reports that large shareholder Opaleye Management Inc. filed a Form 4 showing open-market purchases of 40,330 ordinary shares on August 28 and 31, 2026.
Rhea-AI Filing Summary
Sol-Gel Technologies Ltd. (SLGL) reports that large shareholder Opaleye Management Inc. filed a Form 4 showing open-market purchases of 40,330 ordinary shares on August 28 and 31, 2026. The shares were acquired indirectly through Opaleye, L.P. and a separately managed account, with 15,000 shares reported as held in the managed account. Certain trades used weighted average prices within disclosed ranges, and Opaleye Management Inc. disclaims beneficial ownership except to the extent of its pecuniary interest.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 40,330 shares
Net Buy
6 txns
Insider
Opaleye Management Inc.
Role
10% Owner
Bought
40,330 shs ($2.79M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares, par value NIS 1.00 per share F1, F5 | 5,000 | $68.235 | $341K |
| Purchase | Ordinary Shares, par value NIS 1.00 per share F1, F5 | 217 | $69.10 | $15K |
| Purchase | Ordinary Shares, par value NIS 1.00 per share F3, F1, F5 | 10,000 | $71.3969 | $714K |
| Purchase | Ordinary Shares, par value NIS 1.00 per share F4, F1, F5 | 20,113 | $68.4203 | $1.38M |
| Purchase | Ordinary Shares, par value NIS 1.00 per share F1, F5 | 5,000 | $68.81 | $344K |
| holding | Ordinary Shares, par value NIS 1.00 per share F2, F5 | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares, par value NIS 1.00 per share — 525,217 shares (Indirect, By Opaleye, L.P.);
Ordinary Shares, par value NIS 1.00 per share — 15,000 shares (Indirect, By Managed Account)
Footnotes (5)
- F1. Represents securities owned directly by Opaleye, L.P. (the "Fund"). As the investment manager of the Fund, Opaleye Management, Inc. may be deemed to beneficially own the securities owned directly by the Fund.
- F2. Securities owned by a separately managed account (the "Managed Account"). As the portfolio manager of the Managed Account, Opaleye Management, Inc. may be deemed to beneficially own the securities owned directly by the Managed Account.
- F3. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $69.145-$74.77 inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price within the range.
- F4. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $66.15-$69.77 inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price within the range.
- F5. Opaleye Management, Inc. disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that Opaleye Management, Inc. is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
Total shares purchased: 40,330 shares
Purchase on 2026-08-31: 5,000 shares at $68.2350 per share
Additional purchase on 2026-08-31: 217 shares at $69.1000 per share
+3 more
6 metrics
Total shares purchased
40,330 shares
Net open-market purchases reported across all transactions in this Form 4
Purchase on 2026-08-31
5,000 shares at $68.2350 per share
Ordinary Shares acquired indirectly via Opaleye, L.P.
Additional purchase on 2026-08-31
217 shares at $69.1000 per share
Ordinary Shares acquired indirectly via Opaleye, L.P.
Weighted average purchase price
$71.3969 per share
10,000-share purchase on 2026-08-28; underlying range $69.145–$74.77
Weighted average purchase price
$68.4203 per share
20,113-share purchase on 2026-08-28; underlying range $66.15–$69.77
Managed account holdings
15,000 shares
Ordinary Shares held indirectly by a separately managed account as of 2026-08-28
Key Terms
weighted average price, beneficially own, pecuniary interest, separately managed account, +1 more
5 terms
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.
beneficially own regulatory
"may be deemed to beneficially own the securities owned directly"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest"
separately managed account financial
"Securities owned by a separately managed account (the "Managed Account")."
A separately managed account (SMA) is a personalized investment portfolio owned by a single investor and run by a professional manager who buys and sells securities on that investor’s behalf. It matters to investors because an SMA offers tailored asset selection, tax handling, and transparency—like hiring a personal chef who prepares meals to your dietary needs rather than sharing a set menu—so you can align holdings with your goals and see exactly what you own.
ten percent owner regulatory
"is_ten_percent_owner": 1"
FAQ
What insider activity did Opaleye Management report for SLGL on this Form 4?
Opaleye Management Inc. reported purchases of 40,330 Sol-Gel (SLGL) ordinary shares in open-market transactions on August 28 and 31, 2026, all held indirectly through Opaleye, L.P. and a separately managed account.
What prices were paid in the SLGL insider purchases?
Reported Sol-Gel (SLGL) purchase prices include $68.2350, $69.1000, and $68.8100 per share, plus weighted average prices of $71.3969 and $68.4203, with underlying ranges of $69.145–$74.77 and $66.15–$69.77, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
