Opaleye sells 35,581 SANUWAVE shares in Form 4
Opaleye Management Inc., a more than ten percent holder of SANUWAVE Health, Inc., reported open-market sales of a total of 35,581 shares of common stock.
Rhea-AI Filing Summary
Opaleye Management Inc., a more than ten percent holder of SANUWAVE Health, Inc., reported open-market sales of a total of 35,581 shares of common stock. The sales occurred on April 30 and May 1 at weighted average prices of $16.1510 and $16.1105 per share, respectively, across multiple trades within disclosed price ranges. After these transactions, the filing reports 853,569 shares held through Opaleye, L.P. and 5,000 shares in a separately managed account, all owned indirectly, with Opaleye Management disclaiming beneficial ownership beyond its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 35,581 shares
Net Sell
4 txns
Insider
Opaleye Management Inc.
Role
10% Owner
Sold
35,581 shs ($574K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 10,081 | $16.1105 | $162K |
| Sale | Common Stock, par value $0.001 per share | 500 | $16.1105 | $8K |
| Sale | Common Stock, par value $0.001 per share | 24,000 | $16.151 | $388K |
| Sale | Common Stock, par value $0.001 per share | 1,000 | $16.151 | $16K |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 853,569 shares (Indirect, By Opaleye, L.P.);
Common Stock, par value $0.001 per share — 5,000 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 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 sold in multiple transactions at prices ranging from $16.10-$16.775 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.
- F4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.00-$16.28 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.
- 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 sold: 35,581 shares
Weighted average price 30 Apr: $16.1510 per share
Weighted average price 1 May: $16.1105 per share
+4 more
7 metrics
Total shares sold
35,581 shares
Net open-market sales reported in this Form 4
Weighted average price 30 Apr
$16.1510 per share
Open-market sales on April 30
Weighted average price 1 May
$16.1105 per share
Open-market sales on May 1
Holdings via Opaleye, L.P.
853,569 shares
Total shares following May 1 transaction
Managed account holdings
5,000 shares
Total shares in separately managed account after May 1 sale
Number of sale transactions
4 transactions
All coded as open-market sales (S)
Net buy/sell direction
Net sale of 35,581 shares
transactionSummary netBuySellShares
Key Terms
open-market sale, weighted average price, beneficially own, separately managed account, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
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 therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Opaleye Management report for SNWV?
Opaleye Management reported open-market sales of 35,581 SANUWAVE Health (SNWV) shares. These sales were made indirectly through Opaleye, L.P. and a separately managed account, reflecting portfolio transactions rather than direct personal trades by an individual executive.
What SNWV holdings remain after Opaleye Management’s reported sales?
After the reported sales, the Form 4 shows 853,569 shares held through Opaleye, L.P. and 5,000 shares in a separately managed account. These are indirect holdings, with Opaleye Management’s interest tied to its pecuniary stake in those investment vehicles.
Are Opaleye Management’s SNWV trades direct or indirect holdings?
All reported SANUWAVE trades involve indirect holdings. Shares are owned by Opaleye, L.P. and a separately managed account, with Opaleye Management acting as investment manager or portfolio manager and expressly disclaiming full beneficial ownership beyond its pecuniary interest.
Were the SANUWAVE (SNWV) sales executed at a single price or over a range?
The filing states that prices are weighted averages for multiple trades. Individual SANUWAVE sales occurred within ranges of $16.10–$16.775 and $16.00–$16.28, with Opaleye Management offering to provide detailed per-trade information on request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
