El-Ahmadi Siraj Nour 4
4 · Lightwave Logic, Inc. · Filed Dec 12, 2024
Insider Transaction Report
Form 4
El-Ahmadi Siraj Nour
Director
Transactions
- Award
Employee Stock Option (Right to Buy)
2024-12-10+75,000→ 720,000 totalExercise: $2.65Exp: 2034-12-10→ Common Stock (75,000 underlying) - Award
Common Stock
2024-12-10+25,000→ 71,369 total
Footnotes (3)
- [F1]Represents a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan. 25,000 shares vest on March 10, 2025, subject to continued service with the Company through the applicable vesting date. Unvested shares are subject to forfeiture.
- [F2]17,241 of the shares represent a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan, which vests as follows: 2,881 shares of restricted stock vested on June 18, 2024, with the remaining restricted stock awards vesting in 10 equal quarterly installments beginning on July 1, 2024, subject to continued service with the Company through the applicable vesting dates. Any unvested portion of this award is subject to forfeiture. 25,000 of the shares are described in Footnote 1, above. The remaining 29,128 shares are fully vested.
- [F3]Represents an option award pursuant to the Company's 2016 Equity Incentive Plan, 75,000 options vest on March 10, 2025, subject to continued service with the Company through the applicable vesting date. Unvested shares are subject to forfeiture.