Opaleye fund buys 3,437 Sol-Gel shares
Opaleye Management Inc., a ten percent owner of Sol-Gel Technologies Ltd., reported open-market purchases of the company’s ordinary shares through affiliated accounts.
Rhea-AI Filing Summary
Opaleye Management Inc., a ten percent owner of Sol-Gel Technologies Ltd., reported open-market purchases of the company’s ordinary shares through affiliated accounts. On May 12 and May 13, an affiliated fund, Opaleye, L.P., bought a total of 3,437 ordinary shares in two open-market transactions. The purchases were made at weighted average prices of $67.9833 and $66.8701 per share. After these trades, Opaleye, L.P. held 488,437 ordinary shares, while a separately managed account overseen by Opaleye Management held 15,000 ordinary shares. Opaleye Management disclaims beneficial ownership of these shares beyond its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,437 shares
Net Buy
3 txns
Insider
Opaleye Management Inc.
Role
10% Owner
Bought
3,437 shs ($232K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares, par value NIS 1.00 per share. | 1,937 | $66.8701 | $130K |
| Purchase | Ordinary Shares, par value NIS 1.00 per share. | 1,500 | $67.9833 | $102K |
| holding | Ordinary Shares, par value NIS 1.00 per share. | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares, par value NIS 1.00 per share. — 488,437 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 $67.95-$68.00 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. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $66.00-$67.3820 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.
- 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 bought: 3,437 shares
Purchase price May 12: $67.9833 per share
Purchase price May 13: $66.8701 per share
+2 more
5 metrics
Total shares bought
3,437 shares
Open-market purchases on May 12–13
Purchase price May 12
$67.9833 per share
Weighted average price on May 12 purchase
Purchase price May 13
$66.8701 per share
Weighted average price on May 13 purchase
Fund holdings after trades
488,437 shares
Opaleye, L.P. ordinary shares after purchases
Managed account holdings
15,000 shares
Separately managed account ordinary shares
Key Terms
open-market purchase, beneficial ownership, separately managed account, weighted average price, +1 more
5 terms
open-market purchase financial
"transaction_action: "open-market purchase" for the May 12 and May 13 trades"
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.
beneficial ownership financial
"may be deemed to beneficially own the securities owned directly by the Fund"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
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.
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.
pecuniary interest financial
"disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Opaleye report for Sol-Gel Technologies (SLGL)?
Opaleye-related entities reported buying a total of 3,437 Sol-Gel ordinary shares in open-market transactions on May 12 and May 13, at weighted average prices around the high-$60 range, increasing their reported share holdings modestly.
What is the separately managed account position in Sol-Gel (SLGL) overseen by Opaleye?
A separately managed account overseen by Opaleye Management held 15,000 ordinary shares of Sol-Gel Technologies as of the reported date. This holding is reported indirectly, distinct from the larger position owned directly by Opaleye, L.P.
Were the recent Sol-Gel (SLGL) insider trades open-market purchases?
Yes. The Form 4 classifies the two main transactions as open-market purchases (code P). Footnotes explain that reported prices are weighted averages for multiple trades executed within specified price ranges on the respective trading days.
AI-generated analysis. How Rhea-AI works. Not financial advice.
