Lightwave Logic (LWLG) director sells shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lightwave Logic director Laila Partridge exercised restricted stock units and sold shares mainly to cover taxes. On March 31, 2026 she converted 20,161 RSUs into the same number of common shares at a $0.00 exercise price. On April 1, 2026 she sold 11,000 common shares at a weighted average price of $6.84 per share, solely to cover tax withholding obligations related to the RSU vesting. After these transactions she directly owned 80,723 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,000 shares ($75,240)
Net Sell
3 txns
Insider
Partridge Laila
Role
Director
Sold
11,000 shs ($75K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,000 | $6.84 | $75K |
| Exercise | Restricted Stock Units | 20,161 | $0.00 | -- |
| Exercise | Common Stock | 20,161 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 80,723 shares (Direct);
Restricted Stock Units — 0 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock The sale reported in this Form 4 was to cover the tax withholding obligations associated with RSU vestings on March 31, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.83 to $6.88, inclusive. The reporting person undertakes to provide to Lightwave Logic, Inc., any security holder of Lightwave Logic, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above. Represents a grant of RSUs under the Issuer's 2025 Equity Incentive Plan. 20,162 RSU's vested on July 15, 2025, 20,161 shares vested on each of September 30, 2025, December 31, 2025, and March 31, 2026.
Key Figures
Shares sold: 11,000 shares
Weighted average sale price: $6.84 per share
Price range of sales: $6.83–$6.88 per share
+3 more
6 metrics
Shares sold
11,000 shares
Common stock sold on April 1, 2026 to cover taxes
Weighted average sale price
$6.84 per share
Common stock sales on April 1, 2026
Price range of sales
$6.83–$6.88 per share
Common stock sales used for tax withholding
RSUs exercised
20,161 units
RSUs converted into common stock on March 31, 2026
Exercise price of RSUs
$0.00 per unit
Conversion of RSUs into common shares
Shares owned after transactions
80,723 shares
Direct common stock holdings after April 1, 2026 sale
Key Terms
Restricted Stock Units, weighted average price, Equity Incentive Plan, tax withholding obligations
4 terms
Restricted Stock Units financial
"Represents a grant of RSUs under the Issuer's 2025 Equity Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
Equity Incentive Plan financial
"Represents a grant of RSUs under the Issuer's 2025 Equity Incentive Plan."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
tax withholding obligations financial
"The sale reported in this Form 4 was to cover the tax withholding obligations associated with RSU vestings."
FAQ
What did Lightwave Logic (LWLG) director Laila Partridge report in this Form 4?
Director Laila Partridge reported exercising restricted stock units into common shares and then selling 11,000 shares. The sale occurred at a weighted average price of $6.84 per share to cover tax withholding obligations tied to RSU vesting on March 31, 2026.
How many restricted stock units did Laila Partridge convert into Lightwave Logic shares?
She exercised 20,161 restricted stock units, each converting into one share of Lightwave Logic common stock at a $0.00 exercise price. These RSUs vested on March 31, 2026 under the company’s 2025 Equity Incentive Plan, increasing her common share holdings before the tax-related sale.
How do the RSU vesting terms for Laila Partridge’s Lightwave Logic grant work?
The RSU grant under the 2025 Equity Incentive Plan provided multiple vesting dates: 20,162 RSUs vested on July 15, 2025, and 20,161 RSUs vested on each of September 30, 2025, December 31, 2025, and March 31, 2026, each unit delivering one common share upon vesting.