Bucchi Ronald A 4
4 · Lightwave Logic, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Lightwave Logic (LWLG) Director Ronald Bucchi Sells Shares
What Happened
Ronald A. Bucchi, a director of Lightwave Logic, had RSUs vest on March 31, 2026 and converted those awards into common stock. To cover tax withholding tied to that vesting, he sold 11,000 shares in an open-market transaction on April 1, 2026 for a total of $76,120 (weighted average price $6.92). The filing also records the conversion/exercise of 20,161 RSUs that vested on March 31, 2026.
Key Details
- Transaction types: RSU conversion/derivative exercise (M) and an open-market sale (S) to cover taxes.
- Vesting/conversion date: 2026-03-31 — 20,161 RSUs converted to shares (per footnote F5).
- Sale date & price: 2026-04-01 — 11,000 shares sold at a weighted average $6.92, proceeds $76,120 (F4).
- Tax withholding: The sale was executed to cover tax withholding obligations from the RSU vesting (F3). The filing also shows 20,161 shares reported as disposed at $0, consistent with share withholding for taxes.
- Prior reporting correction: Footnote F2 notes a prior Form 4 (Dec 8, 2023) omitted 22,375 shares; those shares are now reflected in the holder’s reported balance.
- Filing timeliness: Report period 2026-03-31, filed 2026-04-02 — filing appears timely.
Context
The derivative transactions were RSU vestings (restricted stock units converting to shares). The sale was a routine tax-withholding sale rather than a discretionary open-market sell for investment reasons; such withholding sales are common and do not necessarily indicate a change in insider sentiment. If you track insider buying/selling, purchases are generally more informative for bullish signals; this filing documents a routine vest-and-withhold event.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-03-31+20,161→ 305,878 total - Sale
Common Stock
[F3][F4][F2]2026-04-01$6.92/sh−11,000$76,120→ 294,879 total - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-31−20,161→ 0 total→ Common Stock (20,161 underlying)
- 3,000(indirect: By Spouse)
Common Stock
Footnotes (5)
- [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]A Form 4 filed on December 8, 2023 inadvertently did not reflect 22,375 shares of common stock held by the Reporting Person from a transaction reported on a Form 4 filed on June 7, 2023, in the total owned reported in the December 2023 Form 4. Those shares are now reflected in this balance.
- [F3]The sale reported in this Form 4 was to cover the tax withholding obligations associated with a RSU vesting on March 31, 2026.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.91 to $6.92, 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.
- [F5]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.