Sol-Gel (SLGL) 10% Owner Opaleye Management Buys 9,976 Shares

What Happened Opaleye Management, Inc. — reported as a 10% owner (investment manager of Opaleye, L.P. and portfolio manager of a separately managed account) — made a series of open-market purchases of Sol-Gel Technologies (SLGL) common stock between Sep 4 and Sep 9, 2026. The filings show five buys totaling 9,976 shares for aggregate consideration of approximately $687,159. Individual transactions reported:

• Sep 4: 918 shares @ $69.52 = $63,819
• Sep 4: 2,100 shares @ $68.98 = $144,858
• Sep 8: 3,390 shares @ $68.74 = $233,030
• Sep 8: 471 shares @ $69.37 = $32,673
• Sep 9: 3,097 shares @ $68.70 = $212,779

These were purchases (buying shares), which many investors view as a more constructive signal than sales; note this is institutional trading by a major holder, not an individual company executive.

Key Details

• Transaction dates and reported prices: Sep 4–9, 2026 (see list above).
• Total purchased: 9,976 shares for ~$687,159.
• Shares owned after transaction: not specified in the provided data (check the full Form 4 for post-transaction holdings).
• Footnotes of note:
  • F1/F2: Securities are owned directly by Opaleye, L.P. (the Fund) and a separately managed account; Opaleye Management is the manager/portfolio manager and may be deemed to beneficially own those holdings.
  • F3/F4: Some reported prices are weighted averages (purchases occurred at multiple prices within ranges $68.50–$68.99 and $68.42–$68.75); the filer will provide breakdowns on request.
  • F5: Opaleye Management disclaims beneficial ownership except to the extent of its pecuniary interest.
• Filing date vs. trade dates: Form was filed Sep 9, 2026 covering trades from Sep 4–9. Form 4s are generally due within two business days of a reportable transaction; review the official filing for any timeliness flag.

Context

• This filing reports open-market purchases by an institutional 10% owner rather than insider executive trading — it reflects buying by a large holder/manager, not necessarily management sentiment.
• Weighted-average price notes mean some lots were executed at slightly different prices; the filer offers to disclose the per-price breakdown to regulators or holders upon request.