Ciesla Craig 4
4 · Lightwave Logic, Inc. · Filed Apr 8, 2026
Research Summary
AI-generated summary of this filing
Lightwave Logic (LWLG) Director Ciesla Craig Sells 11,000 Shares
What Happened
Ciesla Craig, a director of Lightwave Logic, sold 11,000 shares in an open-market/private sale on April 1, 2026, generating approximately $74,910. The filing reports a weighted-average price of $6.81 per share; the shares were sold in multiple tranches at prices from $6.81 to $6.831.
This sale was reported as a routine disposal to cover tax withholding obligations tied to RSUs that vested on March 31, 2026, per the filing footnote — a common administrative reason for insider selling and not an explicit statement of sentiment.
Key Details
- Transaction date: April 1, 2026 (filed on April 8, 2026)
- Transaction type/code: Sale (S) — open market/private sale to satisfy tax withholding
- Shares sold: 11,000; reported total value: $74,910
- Price: reported weighted-average $6.81; individual sale prices ranged $6.81–$6.831 (footnote)
- Footnotes: F1 — sale to cover tax withholding for RSU vesting on 3/31/2026; F2 — weighted-average price and offer to provide per-trade breakdown on request
- Shares owned after the transaction: Not specified in the provided filing excerpt
- Timeliness: Filing dated April 8 for an April 1 transaction — this is outside the typical two-business-day Form 4 reporting window and therefore appears to be late
Context
Sales to cover tax-withholding on vested RSUs are administrative and common for insiders; they do not necessarily signal a change in the insider’s view of the company. For retail investors, purchases generally carry more weight as potential signals of insider confidence, while routine withholding sales should be interpreted with that administrative context in mind.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-04-01$6.81/sh−11,000$74,910→ 118,824 total
Footnotes (2)
- [F1]The sale reported in this Form 4 was to cover the tax withholding obligations associated with RSU vestings on March 31, 2026.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.81 to $6.831, 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.