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Lightwave Logic, Inc.·4

Apr 6, 6:01 PM ET

CONNELLY THOMAS M JR 4

Research Summary

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Lightwave Logic (LWLG) Director Thomas M. Connelly Jr. Sells 9,000 Shares

What Happened
Thomas M. Connelly Jr., a director of Lightwave Logic, reported a sale of 9,000 shares on April 6, 2026. The shares were disposed at $8.52 each for total proceeds of $76,680. This was a sale (not a purchase) and was done to satisfy tax withholding related to recent RSU vestings.

Key Details

  • Transaction date: 2026-04-06; price: $8.52 per share; shares sold: 9,000; proceeds: $76,680.
  • Transaction type/code: Sale (S) — reported as open market or private sale.
  • Footnote: Sale was to cover tax withholding obligations associated with RSU vestings on March 31, 2026.
  • Shares owned after the transaction: not specified in the provided filing excerpt.
  • Filing timeliness: Report filed on 2026-04-06 (same day as the reported transaction); no late filing indicated.

Context
Sales to cover tax withholding after RSU vesting are common and generally considered routine administrative transactions rather than direct signals of insider sentiment. This was a director-level sale (not a 10% owner transaction) and reflects tax-related disposition of shares rather than a discretionary cash-raising sale.