Locke Gary 4

What Happened

• Gary Locke, a director of NLIGHT, exercised 69,725 derivative securities (reported as code M) on March 9, 2026, at an exercise price of $1.45 per share, resulting in an acquisition valued at $101,101. The filing also reports a simultaneous disposition of 69,725 derivative units at $0.00 (reported separately).
• This transaction is an option exercise (an acquisition), not a market sale. The filing does not show a cash sale of the newly acquired shares for proceeds.

Key Details

• Transaction date: 2026-03-09; Filing date (Form 4): 2026-03-11 (appears timely under the two-business-day rule).
• Exercise: 69,725 shares @ $1.45 = $101,101 (code M, acquired).
• Disposition: 69,725 derivative units @ $0.00 = $0 (reported as disposed; filing does not specify reason).
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnotes: F1 notes totals include common stock and unvested restricted stock units; F2 states the grant became fully vested and exercisable on Aug 3, 2022.
• No 10b5-1 plan, late filing flag, or sale-for-proceeds explicitly noted in the provided data.

Context

• For retail investors: this was an option exercise (insider acquiring stock via conversion of derivatives). The simultaneous disposition at $0.00 often reflects share surrender or withholding to cover exercise costs or tax obligations, but the filing does not state the specific mechanism.
• Exercises are routine for vested option holders and are not an explicit bullish or bearish signal on their own; they primarily reflect vesting and personal liquidity or tax actions.