El-Ahmadi Siraj Nour 4

4 · Lightwave Logic, Inc. · Filed Jan 28, 2026

AI-generated summary of this filing

Updated Jan 29, 2026

Lightwave Logic (LWLG) Director Siraj El-Ahmadi Exercises Options, Sells Shares

What Happened

Siraj El-Ahmadi, a director of Lightwave Logic (LWLG), reported exercising options and selling shares on January 27, 2026. He exercised 50,000 shares at $0.68 per share (cost = $34,000) and reported a sale of 25,591 shares in the open market at $3.48 per share (proceeds = $89,057). The filing also shows a derivative conversion/option-related entry for 50,000 shares at $0.00 (no proceeds reported).
The sale was reported to cover the exercise price and tax withholding obligations associated with the option exercise (footnote F2), i.e., a cashless-type outcome where some shares are sold to meet costs.

Key Details

Transaction date: January 27, 2026; Form 4 filed January 28, 2026 (appears timely).
Exercise: 50,000 shares @ $0.68 (total cost $34,000).
Sale: 25,591 shares @ $3.48 (total proceeds $89,057).
Additional derivative entry: 50,000 shares @ $0.00 reported as disposed (no cash proceeds reported).
Shares owned after transaction: Not specified in the provided summary of the filing.
Relevant footnotes:
- F1: Ownership includes restricted stock (17,241 shares issued under 2016 plan; partial vesting schedule noted).
- F2: Sale was to cover exercise price and tax withholding.
- F3: The exercised options stem from a 2016 option grant of 50,000 shares with prior vesting schedule.
No 10% ownership or 10b5-1 plan noted in the provided details.

Context

This appears to be an options exercise with a partial immediate sale to cover costs (common cashless exercise behavior). Purchases (option exercises) can signal confidence, but selling shares to cover exercise/taxes is routine and does not necessarily indicate a change in view about the company.
For retail investors: focus on the net effect (amount of stock retained after covering costs) if you want to gauge insider conviction — that detail was not disclosed in the provided excerpt.

Form 4

Period: 2026-01-27

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-01-27$0.68/sh+50,000$34,000→ 149,535 total
Sale
Common Stock
[F2]
2026-01-27$3.48/sh−25,591$89,057→ 123,944 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
[F3]
2026-01-27−50,000→ 0 total
Exercise: $0.68Exp: 2026-01-28→ Common Stock (50,000 underlying)

Footnotes (3)

[F1]Includes 17,241 shares of common stock issued pursuant to a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan, 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.
[F2]The sale reported in this Form 4 was to cover the exercise price and tax withholding obligations associated with the option exercise also reported herein.
[F3]On February 1, 2016, the reporting person received an option to purchase up to 50,000 shares of company stock that vested pursuant to the following schedule: 20,000 options vested immediately, and the remaining options vested in three equal quarterly installments of 10,000 options per quarter commencing on April 1, 2016.

Signature

/s/ Siraj Nour El-Ahmadi|2026-01-28

1 file