Opaleye Management (SLGL) boosts Sol-Gel stake with indirect share purchase
Rhea-AI Filing Summary
Opaleye Management Inc., a more than ten percent owner of Sol-Gel Technologies Ltd., reported an indirect open-market purchase of 951 Ordinary Shares on 2026-08-12 at $71.50 per share, held via Opaleye, L.P. Following this trade, that fund’s indirect holdings in Sol-Gel total 494,887 Ordinary Shares. A separate line reports 15,000 Ordinary Shares held in a managed account. Opaleye Management Inc. states that it may be deemed to beneficially own these securities through its roles with the fund and managed account, but disclaims beneficial ownership except to the extent of its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 951 shares
Net Buy
2 txns
Insider
Opaleye Management Inc.
Role
10% Owner
Bought
951 shs ($68K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares, par value NIS 1.00 per share F1, F3 | 951 | $71.50 | $68K |
| holding | Ordinary Shares, par value NIS 1.00 per share F2, F3 | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares, par value NIS 1.00 per share — 494,887 shares (Indirect, By Opaleye, L.P.);
Ordinary Shares, par value NIS 1.00 per share — 15,000 shares (Indirect, By Managed Account)
Footnotes (3)
- 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. 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
Shares purchased: 951 Ordinary Shares
Purchase price: $71.50 per share
Holdings via Opaleye, L.P.: 494,887 Ordinary Shares
+2 more
5 metrics
Shares purchased
951 Ordinary Shares
Indirect purchase by Opaleye, L.P. on 2026-08-12
Purchase price
$71.50 per share
Price for 951 Ordinary Shares bought on 2026-08-12
Holdings via Opaleye, L.P.
494,887 Ordinary Shares
Total indirect holdings following the reported purchase
Managed account holdings
15,000 Ordinary Shares
Indirectly reported as owned by a separately managed account
Net buy shares
951 Ordinary Shares
Net buy volume across reported non-derivative transactions
Key Terms
beneficially own, separately managed account, pecuniary interest, Section 16(a) of the Securities Exchange Act of 1934
4 terms
beneficially own regulatory
"Opaleye Management, Inc. 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.
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.
pecuniary interest regulatory
"disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest"
Section 16(a) of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended"
FAQ
What insider transaction did Opaleye Management report for Sol-Gel Technologies (SLGL)?
Opaleye Management reported an indirect purchase of 951 Ordinary Shares of Sol-Gel Technologies on 2026-08-12 at $71.50 per share, held through Opaleye, L.P., increasing that fund’s reported position to 494,887 shares.
Was the Sol-Gel Technologies (SLGL) trade by Opaleye Management a buy or sell?
The reported Sol-Gel Technologies transaction was a buy. Opaleye, L.P., associated with Opaleye Management, purchased 951 Ordinary Shares in an open-market or private transaction at $71.50 per share on 2026-08-12.
How are Opaleye Management’s Sol-Gel Technologies (SLGL) holdings structured?
Holdings are reported as indirect. 494,887 shares are owned directly by Opaleye, L.P., and 15,000 shares by a separately managed account. Opaleye Management is the investment manager or portfolio manager for these vehicles and may be deemed to beneficially own the securities.
What beneficial ownership disclaimer did Opaleye Management include regarding Sol-Gel Technologies (SLGL)?
Opaleye Management disclaims beneficial ownership of the reported Sol-Gel shares, except to the extent of its pecuniary interest. It also states that the Form 4 filing should not be construed as an admission of beneficial ownership for Section 16(a) or any other purpose.
Does Opaleye Management’s Form 4 indicate managed account holdings of Sol-Gel Technologies (SLGL)?
Yes. The filing reports 15,000 Ordinary Shares of Sol-Gel Technologies held in a separately managed account. Opaleye Management, as portfolio manager of this account, may be deemed to beneficially own these shares but disclaims beneficial ownership beyond its pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
