Partridge Laila 4
4 · Lightwave Logic, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Lightwave Logic (LWLG) Director Laila Partridge Sells Shares
What Happened
Director Laila Partridge had RSUs vest and convert into common stock on March 31, 2026, and sold 11,000 shares in an open-market transaction on April 1, 2026 for a weighted average price of $6.84, generating $75,240. The Form 4 also reports the conversion/exercise of 20,161 derivative shares on March 31, 2026 and a disposal of 20,161 derivative shares at $0 (reflecting withholding/transfer related to the RSU vesting).
Key Details
- Transaction dates: RSU conversion/exercise — 2026-03-31; open-market sale — 2026-04-01. Filing date: 2026-04-02 (timely).
- Open-market sale: 11,000 shares at a weighted average price of $6.84; proceeds reported $75,240. Sales occurred at prices ranging $6.83–$6.88.
- Derivative/RSU activity: 20,161 RSU shares converted/acquired on 3/31/2026 and 20,161 derivative shares reported disposed at $0 (tax withholding/transfer).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1-F4 explain RSUs convert to one share each, the sale was to cover tax withholding for the March 31 vesting, the sale price is a weighted average (range disclosed), and the RSU grant/vest schedule (multiple vesting dates in 2025–2026).
Context
This was not a voluntary buy signal—rather routine insider activity tied to RSU vesting and tax withholding. The conversion of RSUs into shares and an immediate sale/withholding (including a cash sale of 11,000 shares) is a common way executives/directors satisfy tax obligations and does not, by itself, indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-31+20,161→ 91,723 total - Sale
Common Stock
[F2][F3]2026-04-01$6.84/sh−11,000$75,240→ 80,723 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-31−20,161→ 0 total→ Common Stiock (20,161 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock
- [F2]The sale reported in this Form 4 was to cover the tax withholding obligations associated with RSU vestings on March 31, 2026.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.83 to $6.88, 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.
- [F4]Represents a grant of RSUs under the Issuer's 2025 Equity Incentive Plan. 20,162 RSU's vested on July 15, 2025, 20,161 shares vested on each of September 30, 2025, December 31, 2025, and March 31, 2026.