Opaleye buys 1,712 Sol-Gel Technologies shares
Opaleye Management Inc., a more than ten percent owner of Sol-Gel Technologies Ltd., reported additional indirect purchases of the company’s ordinary shares.
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Form Type
4
Rhea-AI Filing Summary
Opaleye Management Inc., a more than ten percent owner of Sol-Gel Technologies Ltd., reported additional indirect purchases of the company’s ordinary shares. Through Opaleye, L.P., it completed open-market purchases totaling 1,712 shares at prices ranging from $71.96 to $71.99 per share. After these trades, Opaleye, L.P. held 491,712 ordinary shares, while a separately managed account overseen by Opaleye Management held 15,000 shares, both positions being reported as indirect holdings. Opaleye Management disclaims beneficial ownership of these shares beyond any pecuniary interest.
Insider Trade Summary
Net Buyer: 1,712 shares
Net Buy
3 txns
Insider
Opaleye Management Inc.
Role
10% Owner
Bought
1,712 shs ($123K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares, par value NIS 1.00 per share | 1,400 | $71.9707 | $101K |
| Purchase | Ordinary Shares, par value NIS 1.00 per share | 312 | $71.99 | $22K |
| holding | Ordinary Shares, par value NIS 1.00 per share | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares, par value NIS 1.00 per share — 491,712 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 $71.96-$71.99 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: 1,712 shares
Purchase price range: $71.96–$71.99 per share
Fund holdings after trades: 491,712 shares
+1 more
4 metrics
Shares purchased
1,712 shares
Total open-market buys reported on Form 4
Purchase price range
$71.96–$71.99 per share
Multiple open-market transactions with weighted average price
Fund holdings after trades
491,712 shares
Ordinary shares held by Opaleye, L.P. after purchases
Managed account holdings
15,000 shares
Ordinary shares in separately managed account
Key Terms
open-market purchase, weighted average price, separately managed account, beneficial ownership, +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.
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.
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.
Section 16(a) regulatory
"beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act"
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 reported open-market purchases totaling 1,712 Sol-Gel ordinary shares. These trades occurred through Opaleye, L.P. at prices between $71.96 and $71.99 per share, increasing an already large indirect ownership position reported on this Form 4.
Were the Sol-Gel (SLGL) purchases by Opaleye open-market transactions?
Yes. The Form 4 identifies the transactions with code P, described as open-market purchases or private transactions. The accompanying footnote clarifies the reported prices are weighted averages of multiple trades within the disclosed price range.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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