Sol-Gel insider Opaleye buys 1,683 shares around $69
Opaleye Management Inc., a more-than-10% owner of Sol-Gel Technologies, reports open-market purchases of SLGL ordinary shares through affiliated investment vehicles.
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Form Type
4
Rhea-AI Filing Summary
Sol-Gel Technologies Ltd. (SLGL) had insider activity reported by Opaleye Management Inc., a more-than-10% owner. On September 1–2, 2026, entities it manages purchased 1,683 ordinary shares of Sol-Gel in open-market or private transactions at prices around $68.94–$69.52 per share, held indirectly through a fund and a managed account. A managed account associated with Opaleye Management Inc. held 15,000 ordinary shares after these transactions. No Rule 10b5-1 trading plan is reported, and Opaleye Management Inc. disclaims beneficial ownership beyond its pecuniary interest.
Insider Trade Summary
Net Buyer: 1,683 shares
Net Buy
3 txns
Insider
Opaleye Management Inc.
Role
10% Owner
Bought
1,683 shs ($116K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares, par value NIS 1.00 per share F3, F1, F4 | 900 | $68.9489 | $62K |
| Purchase | Ordinary Shares, par value NIS 1.00 per share F1, F4 | 783 | $69.52 | $54K |
| holding | Ordinary Shares, par value NIS 1.00 per share F2, F4 | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares, par value NIS 1.00 per share — 526,900 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 $68.94-$68.95 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. 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 September 2, 2026: 900 shares
Weighted average purchase price September 2, 2026: $68.9489 per share
Shares purchased September 1, 2026: 783 shares
+3 more
6 metrics
Shares purchased September 2, 2026
900 shares
Ordinary shares bought indirectly via Opaleye, L.P.
Weighted average purchase price September 2, 2026
$68.9489 per share
Multiple trades in a range of $68.94–$68.95
Shares purchased September 1, 2026
783 shares
Ordinary shares bought indirectly via Opaleye, L.P.
Purchase price September 1, 2026
$69.52 per share
Open-market or private transaction
Total reported shares purchased
1,683 shares
Net buy across September 1–2, 2026
Managed account holdings
15,000 shares
Ordinary shares held indirectly by a separately managed account
Key Terms
weighted average price, separately managed account, pecuniary interest, beneficially own
4 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.
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 financial
"disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Opaleye Management Inc. report for SLGL?
Opaleye Management Inc. reported purchases totaling 1,683 ordinary shares of Sol-Gel Technologies Ltd. on September 1–2, 2026, in open-market or private transactions, held indirectly through Opaleye, L.P. and a separately managed account.
Were the SLGL insider purchases made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for these Sol-Gel Technologies Ltd. transactions, so the purchases are not affirmatively identified as being made under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
