Keeney Scott H 4
4 · NLIGHT, INC. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
NLIGHT (LASR) CEO Scott Keeney Sells Shares
What Happened
Scott H. Keeney, President, CEO and a director of NLIGHT, sold a total of 55,895 shares in open-market transactions on March 5–6, 2026 for aggregate proceeds of approximately $3,429,404. Individual sales ranged from $58.58 to $63.40 per share (one sale on March 5 at $61.96). These transactions are reported as sales (S) and include shares sold to satisfy tax-withholding obligations related to restricted stock unit (RSU) vesting; some sales were also effected pursuant to a Rule 10b5‑1 trading plan.
Key Details
- Transaction dates: March 5–6, 2026. Filing date: March 9, 2026 (Form 4 filed timely).
- Total shares sold: 55,895. Total proceeds: ~$3.43 million.
- Price details: trades reported at $61.96 (3/5) and between $58.58–$63.40 (3/6); weighted averages and price ranges are disclosed in footnotes, with per-trade averages available on request to the SEC/issuer/shareholders.
- Notable footnotes: F1 indicates sell-to-cover to satisfy tax withholding on RSU settlement (not a discretionary sale); F4 notes some sales were made under a 10b5‑1 plan; F3 clarifies reported ownership includes common stock and unvested RSUs; F11 identifies a family revocable trust for which Keeney is trustee.
- Shares owned after transaction: exact post-transaction beneficial ownership is not specified in the excerpt; see the full Form 4 for holdings detail.
Context
Sell-to-cover transactions and sales under 10b5‑1 plans are typically mechanical (tax-related or pre-scheduled) rather than discretionary signals of sentiment. For retail investors, outright insider purchases are generally more indicative of positive insider conviction; reported sales like these can reflect routine tax or liquidity actions. For full transaction detail and remaining holdings, consult the complete Form 4 filing (Accession 0001628280-26-016188).
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-05$61.96/sh−32,239$1,997,528→ 2,252,781 total - Sale
Common Stock
[F4][F5][F3]2026-03-06$58.58/sh−4,804$281,418→ 2,247,977 total - Sale
Common Stock
[F4][F6][F3]2026-03-06$59.99/sh−3,924$235,401→ 2,244,053 total - Sale
Common Stock
[F4][F7][F3]2026-03-06$60.87/sh−9,291$565,543→ 2,234,762 total - Sale
Common Stock
[F4][F8][F3]2026-03-06$61.62/sh−3,980$245,248→ 2,230,782 total - Sale
Common Stock
[F4][F9][F3]2026-03-06$62.87/sh−1,487$93,488→ 2,229,295 total - Sale
Common Stock
[F4][F10][F3]2026-03-06$63.40/sh−170$10,778→ 2,229,125 total
- 4,474(indirect: By Trust)
Common Stock
[F11]
Footnotes (11)
- [F1]This reported sale represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
- [F10]The reported transaction involves sale transactions from $63.31 to $63.48 per share. The weighted average price per share was $63.40. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
- [F11]Keeney Family Revocable Trust is a revocable living trust for which the reporting person and his spouse are trustees
- [F2]The reported transaction involves sale transactions from $61.96 to $61.96 per share. The weighted average price per share was $61.96. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
- [F3]Includes common stock owned and unvested restricted stock units.
- [F4]These reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2025.
- [F5]The reported transaction involves sale transactions from $58.31 to $59.30 per share. The weighted average price per share was $58.58. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
- [F6]The reported transaction involves sale transactions from $59.31 to $60.30 per share. The weighted average price per share was $59.99. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
- [F7]The reported transaction involves sale transactions from $60.31 to $61.30 per share. The weighted average price per share was $60.87. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
- [F8]The reported transaction involves sale transactions from $61.31 to $62.30 per share. The weighted average price per share was $61.62. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
- [F9]The reported transaction involves sale transactions from $62.31 to $63.30 per share. The weighted average price per share was $62.87. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.