Opaleye Management Inc. 4
4 · Sol-Gel Technologies Ltd. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Sol‑Gel (SLGL) 10% Owner Opaleye Management Buys 1,712 Shares
What Happened Opaleye Management, Inc. — reported as a 10% owner/manager for affiliated accounts — purchased a total of 1,712 shares of Sol‑Gel Technologies Ltd. (SLGL) in open‑market transactions. The filing shows 312 shares bought on 2026‑07‑01 at $71.99 ($22,461) and 1,400 shares bought on 2026‑07‑02 at $71.97 ($100,759), for a combined cash outlay of about $123,220. These were purchases (which market observers often view as a more informative/bullish signal than sales).
Key Details
- Transaction dates and prices: 312 shares @ $71.99 on 2026‑07‑01; 1,400 shares @ $71.97 on 2026‑07‑02. Filing reports a weighted average and notes prices ranged $71.96–$71.99.
- Total shares acquired: 1,712; total reported value ≈ $123,220.
- Shares owned after transaction: not specified in the Form 4 provided.
- Footnotes of note:
- F1/F2: Shares are owned directly by Opaleye, L.P. (the Fund) and a separately managed account; Opaleye Management, Inc. is the investment/portfolio manager and may be deemed to beneficially own those securities.
- F3: Weighted average price; multiple execution prices between $71.96–$71.99; holder can provide per‑trade breakdown on request.
- F4: Opaleye Management disclaims beneficial ownership except for its pecuniary interest.
- Filing timeliness: Report filed 2026‑07‑02 for transactions on 2026‑07‑01 and 07‑02; appears to be timely under the Form 4 reporting rules.
Context These are open‑market purchases by an institutional manager of a Fund and a Managed Account, not a typical executive insider trade. The filing’s footnotes clarify ownership structure and a disclaimer of beneficial ownership beyond pecuniary interest. Purchases by institutional holders can signal additional demand but do not, by themselves, explain motives.
Insider Transaction Report
- Purchase
Ordinary Shares, par value NIS 1.00 per share
[F1][F4]2026-07-01$71.99/sh+312$22,461→ 490,312 total(indirect: By Opaleye, L.P.) - Purchase
Ordinary Shares, par value NIS 1.00 per share
[F3][F1][F4]2026-07-02$71.97/sh+1,400$100,759→ 491,712 total(indirect: By Opaleye, L.P.)
- 15,000(indirect: By Managed Account)
Ordinary Shares, par value NIS 1.00 per share
[F2][F4]
Footnotes (4)
- [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 Management, Inc. may be deemed to beneficially own the securities owned directly by the Managed Account.
- [F3]The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $71.96-$71.99 inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price within the range.
- [F4]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.