Sol-Gel (SLGL) 10% Owner Opaleye Management Buys Shares

What Happened

• Opaleye Management, Inc. (reported as a 10% owner/manager) purchased a total of 1,695 shares of Sol‑Gel Technologies Ltd. (SLGL) in two transactions: 775 shares on 2026-07-13 at a weighted average price of $73.89 (≈ $57,263) and 920 shares on 2026-07-14 at a weighted average price of $73.43 (≈ $67,556). These were reported as purchases (P), i.e., outright acquisitions, which are generally viewed as a bullish signal compared with routine sales.
• The filing indicates the shares are owned directly by funds/accounts managed by Opaleye (see footnotes); Opaleye Management disclaims beneficial ownership except to the extent of its pecuniary interest.

Key Details

• Transaction dates and prices:
  • 2026-07-13 — 775 shares at weighted avg $73.89 (total ≈ $57,263). (Footnote F3: prices in this lot ranged $73.75–$73.95.)
  • 2026-07-14 — 920 shares at weighted avg $73.43 (total ≈ $67,556). (Footnote F4: prices in this lot ranged $73.34–$73.50.)
• Total acquired: 1,695 shares for about $124,819.
• Ownership after transaction: Not specified in the information provided in the summary filing.
• Notable footnotes:
  • F1/F2: Shares are owned directly by Opaleye, L.P. (the Fund) and a separately managed account; Opaleye Management is the investment/portfolio manager and may be deemed to beneficially own those securities.
  • F5: Opaleye Management disclaims beneficial ownership except for its pecuniary interest.
  • F3/F4: Reported prices are weighted averages covering multiple trades within stated price ranges; detailed per‑trade breakdowns are available upon request to the SEC or issuer.
• Filing timeliness: Report filed 2026-07-15 for trades on 7/13 and 7/14; this appears to be within the standard two‑business‑day Form 4 reporting window.

Context

• This filing reflects institutional purchases by an investment manager on behalf of funds/accounts (not trading by an individual executive). Institutional buys can signal conviction by a fund manager but do not carry the same insider signaling as executive purchases tied to company leadership. No options exercises, awards, gifts, or tax‑withholding transactions are reported here.