Opaleye fund buys 1,563 Sol-Gel shares
Sol-Gel Technologies Ltd. reported that entities managed by Opaleye Management Inc. made an open-market purchase of 1,563 ordinary shares on May 20, 2026 at a weighted average price of $64.4349 per share, with individual trades between $63.97 and $64.50.
Rhea-AI Filing Summary
Sol-Gel Technologies Ltd. reported that entities managed by Opaleye Management Inc. made an open-market purchase of 1,563 ordinary shares on May 20, 2026 at a weighted average price of $64.4349 per share, with individual trades between $63.97 and $64.50. Following the transaction, an Opaleye-managed fund indirectly holds 490,000 shares, and a separately managed account holds 15,000 shares. Opaleye Management may be deemed to beneficially own these securities through its roles with the fund and managed account but disclaims beneficial ownership beyond its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,563 shares
Net Buy
2 txns
Insider
Opaleye Management Inc.
Role
10% Owner
Bought
1,563 shs ($101K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares, par value NIS 1.00 per share. | 1,563 | $64.4349 | $101K |
| holding | Ordinary Shares, par value NIS 1.00 per share. | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares, par value NIS 1.00 per share. — 490,000 shares (Indirect, By Opaleye, L.P.);
Ordinary Shares, par value NIS 1.00 per share. — 15,000 shares (Indirect, By Managed Account)
Footnotes (4)
- 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 $63.97-$64.50 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 price.
- F4. 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: 1,563 shares
Weighted average price: $64.4349 per share
Price range: $63.97–$64.50 per share
+3 more
6 metrics
Shares purchased
1,563 shares
Open-market purchase on May 20, 2026
Weighted average price
$64.4349 per share
Price paid for 1,563 purchased shares
Price range
$63.97–$64.50 per share
Range of individual trade prices for the purchase
Fund holdings after trade
490,000 shares
Ordinary shares held by Opaleye, L.P. after purchase
Managed account holdings
15,000 shares
Ordinary shares held by separately managed account
Net share change
1,563 shares
Net buy direction across reported transactions
Key Terms
open-market purchase, weighted average price, beneficially own, pecuniary interest, +1 more
5 terms
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
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 financial
"may be deemed to beneficially own the securities owned directly by the Fund."
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 therein"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Opaleye Management report in Sol-Gel Technologies (SLGL)?
Opaleye-related entities bought 1,563 Sol-Gel shares. They executed an open-market purchase of 1,563 ordinary shares on May 20, 2026 at a weighted average price of about $64.43 per share, as disclosed in the Form 4 filing.
What are the indirect Sol-Gel (SLGL) holdings in the Opaleye managed account?
The managed account holds 15,000 Sol-Gel shares indirectly. A separately managed account associated with Opaleye Management is reported as owning 15,000 ordinary shares, with Opaleye serving as portfolio manager for that account.
Was the Sol-Gel (SLGL) insider trade by Opaleye a purchase or sale?
The disclosed Sol-Gel insider transaction was a purchase. The Form 4 lists a transaction code P, described as an open-market or private purchase, totaling 1,563 ordinary shares acquired indirectly through Opaleye, L.P.
AI-generated analysis. How Rhea-AI works. Not financial advice.
