Innovative Eyewear (LUCY) Chief AI & Growth Officer Sells Shares

What Happened

• Konrad Dabrowski, Chief AI & Growth Officer at Innovative Eyewear (LUCY), reported both awards and sales. He received two stock awards (reported as acquisitions) of 20,900 shares each (on 2026-04-02 and 2026-08-19) at a reported price of $0.00. He also sold shares in two transactions: 6,692 shares on 2026-04-02 at $1.06 (proceeds ~$7,081) and 6,935 shares on 2026-08-19 at $0.69 (proceeds ~$4,793). In total he sold 13,627 shares for roughly $11,874 and was granted a total of 41,800 shares (two awards).
• Awards (A) at $0.00 are grants/awards (not open-market purchases) and sales (S) are reported as open market or private sale transactions. Sales are routine dispositions; awards are not the same as a cash purchase.

Key Details

• Transaction dates and prices:
  • 2026-04-02: Award 20,900 shares @ $0.00; Sale 6,692 shares @ $1.06 (≈ $7,081)
  • 2026-08-19: Award 20,900 shares @ $0.00; Sale 6,935 shares @ $0.69 (≈ $4,793)
  • Total sold: 13,627 shares for ≈ $11,874. Total awarded: 41,800 shares.
• Footnote: The filing notes an average price of $0.6911 (Footnote F1) and says the reporting person can provide a breakdown of shares sold at separate prices on request.
• Shares owned after the transactions: not disclosed in the filing.
• Filing timeliness: The Form 4 was filed on 2026-08-24 while it reports transactions on 2026-04-02 and 2026-08-19. The April transactions appear to have been reported several months after they occurred (i.e., later than the typical 2-business-day Form 4 deadline).

Context

• Awards reported at $0.00 generally reflect stock grants or restricted stock units rather than purchases; they increase potential ownership but may be subject to vesting or other conditions (the filing does not detail vesting). Sales were reported as open market/private sales, meaning shares were disposed for cash proceeds. These entries are factual reporting of grants and sales and do not by themselves explain the insider’s motivation.