Bucchi Ronald A 4

What Happened

• Ronald A. Bucchi, a director of Lightwave Logic, exercised options on January 23, 2026. He acquired 50,000 common shares by exercising a derivative/option at $0.68 per share for a total cash outlay of $34,000. The filing also reports a contemporaneous conversion/disposition of 50,000 derivative shares at $0.00 consideration (reported as a derivative disposition).

Key Details

• Transaction date: 2026-01-23.
• Acquired: 50,000 shares @ $0.68 — total $34,000 (Option exercise; transaction code M).
• Disposed/Converted: 50,000 derivative shares @ $0.00 (reported as a derivative disposition).
• Shares owned after the transaction: not specified in the provided filing excerpts.
• Footnotes:
  • F1: References restricted stock awards (23,511 shares issued under 2016 plan; 3,931 vested June 18, 2024; remaining awards vest in 10 equal quarterly installments beginning July 1, 2024).
  • F2: Notes a 2016 option grant for 50,000 shares (20,000 vested immediately; remaining vested in three quarterly installments).
• Filing timeliness: Reported on 2026-01-27 for a 2026-01-23 transaction — appears to have been filed within the usual two-business-day Form 4 deadline.

Context

• These transactions reflect an exercise of previously granted options rather than an open-market purchase or sale of shares. There is no indication in the provided data that the newly acquired shares were sold on the open market (no ordinary sale reported). The F2 footnote suggests the exercised options originated from a 2016 option grant.