Opaleye Management Inc. 4
Accession 0001493152-26-003468
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 5:42 PM ET
Size
9.7 KB
Accession
0001493152-26-003468
Research Summary
AI-generated summary of this filing
Sol-Gel (SLGL) 10% Owner Opaleye Management Buys 3,324 Shares
What Happened
Opaleye Management Inc., reported as a 10% owner of Sol‑Gel Technologies Ltd. (SLGL), made open‑market purchases of company stock. On 2026-01-22 it acquired 2,173 shares at a weighted average price of $56.57 (≈ $122,922), and on 2026-01-23 it acquired 1,151 shares at a weighted average price of $55.98 (≈ $64,434). The two trades total 3,324 shares for about $187,356. These were purchases (reporting code P), not sales.
Key Details
- Transaction dates and prices:
- 2026-01-22: 2,173 shares @ $56.57 (weighted average); footnote indicates purchases ranged $56.00–$57.00 (F3).
- 2026-01-23: 1,151 shares @ $55.98 (weighted average); footnote indicates purchases ranged $52.66–$57.00 (F4).
- Total acquired: 3,324 shares for approximately $187,356.
- Shares owned after the transaction: Not disclosed in this filing.
- Notable footnotes: F1/F2 — shares are held by related funds/accounts (Opaleye, L.P. and a separately managed account); F5 — Opaleye Management disclaims beneficial ownership except to extent of pecuniary interest. F3/F4 explain weighted‑average pricing and transaction price ranges.
- Timeliness: Filing shows report period 2026-01-22 and was filed 2026-01-23 — appears timely (not marked late).
Context
Opaleye is an institutional investor (reported as a 10% owner), so these purchases reflect activity by an investment manager on behalf of funds/accounts rather than personal trades by a company executive. The filing shows open‑market purchases across multiple executions (hence weighted averages and price ranges). Purchases by institutional holders can be informative, but the filing contains no statement of intent or change in ownership percentage beyond the transactions reported.
Insider Transaction Report
- Purchase
Ordinary Shares, par value NIS 1.00 per share.
[F1][F3][F5]2026-01-22$56.57/sh+2,173$122,922→ 448,693 total(indirect: By Opaleye, L.P.) - Purchase
Ordinary Shares, par value NIS 1.00 per share.
[F1][F3][F4][F5]2026-01-23$55.98/sh+1,151$64,434→ 449,844 total(indirect: By Opaleye, L.P.)
- 10,000(indirect: By Managed Account)
Ordinary Shares, par value NIS 1.00 per share.
[F2][F5]
Footnotes (5)
- [F1]Represents securities owned directly by Opaleye, L.P. (the "Fund"). As the investment manager of the Fund, Opaleye Management Inc. may be deemed to beneficially own the securities owned directly by the Fund.
- [F2]Securities owned by a separately managed account (the "Managed Account"). As the portfolio manager of the Managed Account, Opaleye may be deemed to beneficially own the securities owned directly by the Managed Account.
- [F3]The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $56.00 to $57.00. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range.
- [F4]The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $52.66 to $57.00. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range.
- [F5]Opaleye Management Inc. disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that Opaleye Management Inc. is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Signature
Documents
Issuer
Sol-Gel Technologies Ltd.
CIK 0001684693
Related Parties
1- filerCIK 0001595855
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 5:42 PM ET
- Size
- 9.7 KB