Opaleye's indirect stake in SANUWAVE rises to 966,267 shares
Rhea-AI Filing Summary
Opaleye Management Inc. reported acquiring 1,267 shares of SANUWAVE Health, Inc. (SNWV) on 10/06/2025 at a weighted average price of $30.277 per share. After the transaction, Opaleye reports beneficial ownership of 966,267 shares through Opaleye, L.P. and an additional 15,000 shares held in a separately managed account for a total indirect position reported.
The filing clarifies the price is a weighted average from multiple trades between $29.75 and $30.50, and states that Opaleye Management Inc. disclaims beneficial ownership except to the extent of pecuniary interest. The Form 4 is signed by James Silverman, President, dated 10/09/2025.
Positive
- Incremental purchase of 1,267 shares shows continued investment at ~$30.28 per share
- Substantial indirect position of 966,267 shares held by Opaleye, L.P.
- Price transparency provided: trades ranged $29.75–$30.50 with weighted average disclosed
Negative
- None.
Insights
Insider-level purchase increases Opaleye's indirect stake to 966,267 shares.
Opaleye executed a small incremental purchase of 1,267 shares at a weighted average price of $30.277, adding to an existing indirect position held by Opaleye, L.P. The filing shows the trades occurred across prices from $29.75 to $30.50, which explains the reported weighted average.
The main dependency is the composition of the indirect holdings: 966,267 shares are tied to the Fund and 15,000 to a managed account. Watch for future Form 4 filings or schedule changes over the next 90 days that may report further purchases or dispositions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.001 per share | 1,267 | $30.277 | $38K |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
Footnotes (1)
- 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. Securities owned by a separately managed account (the "Managed Account"). As the portfolio manager of the Managed Account, Opaleye may be deemed to beneficially own the securities owned directly by the Managed Account. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $29.75-$30.50 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 sold at each price. 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.
