CONNELLY THOMAS M JR 4
4 · Lightwave Logic, Inc. · Filed Oct 2, 2025
Insider Transaction Report
Form 4
CONNELLY THOMAS M JR
Director
Transactions
- Exercise/Conversion
Common Stock
2025-09-30+20,161→ 51,811 total - Sale
Common Stock
2025-10-02$4.25/sh−6,000$25,530→ 45,811 total - Exercise/Conversion
Restricted Stock Unit
2025-09-30−20,161→ 40,322 total→ Common Stock (20,161 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- [F2]Includes 11,488 shares of common stock issued pursuant to a restricted stock award granted pursuant to the Issuer's 2016 Equity Incentive Plan, which vests as follows: The shares vest in 8 equal quarterly installments of 1,436 shares beginning October 1, 2024, subject to continued service with the Company through the applicable vesting dates. This award is subject to forfeiture.
- [F3]The sale reported in this Form 4 was to cover tax obligations associated with the vesting of RSUs also reported herein.
- [F4]Represents a grant of RSUs under the Issuer's 2025 Equity Incentive Plan. 20,162 RSU's vest on July 15, 2025, with remaining vesting as follows: 20,161 shares vest on each of September 30, 2025, December 31, 2025, and March 31, 2026, subject to continued service with the Company through the applicable vesting dates. Unvested shares are subject to forfeiture.