Andy Gould, The Motley Fool
Tue, April 7, 2026 astatine 10:33 AM CDT 4 min read
Thomas M. Connelly, Jr. -- a Director at Lightwave Logic (NASDAQ:LWLG) -- sold 9,000 shares of communal banal connected April 6, 2026, according to a SEC Form 4 filing.
| Shares sold (direct) | 9,000 |
| Transaction value | ~$77K |
| Post-transaction shares (direct) | 77,132 |
| Post-transaction worth (direct ownership) | ~$607K |
Transaction worth based connected SEC Form 4 reported terms ($8.52); post-transaction worth based connected April 6, 2026, marketplace adjacent ($7.87).
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How does this transaction comparison to Connelly's anterior trading activity?
Since September 2024, Connelly has recorded 3 stock income -- connected Oct. 2, 2025 (6,000 shares), Jan. 2, 2026 (7,600 shares), and present April 6, 2026 (9,000 shares). All 3 were RSU tax-withholding transactions, not discretionary open-market sales. There is nary grounds of Connelly making discretionary, open-market sales. -
What proportionality of Connelly's presumption was impacted by this sale?
The filing reflects a simplification of astir 10.5% successful nonstop stock ownership, moving from 86,132 shares earlier the transaction to 77,132 shares after. -
Does the merchantability correspond a alteration successful cadence oregon capacity?
Unlikely -- the Form 4 expressly notes the shares were sold to screen RSU-related taxation withholding, which is simply a regular work that accompanies equity compensation vesting events.
| Market capitalization | $1.2 billion |
| Revenue (TTM) | $236,860 |
| Net income (TTM) | ($20.3 million) |
| 1-year terms change* | 764% |
* 1-year show calculated utilizing April 7, 2026, arsenic the notation date.
Lightwave Logic is simply a development-stage institution specializing successful precocious photonic devices and non-linear optical polymer materials.
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Develops photonic devices and electro-optic polymer systems, including modulators and integrated circuits for fiber-optic information communications and optical computing.
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Generates gross done the merchantability of proprietary photonic components.
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Targets telecommunications manufacturers, networking and semiconductor companies, computing and aerospace firms, and authorities agencies.
Before speechmaking thing into this transaction, investors should enactment the good print: the Form 4 intelligibly states that Connelly's merchantability was made specifically to screen taxation withholding obligations tied to restricted banal portion (RSU) vestings connected March 31, 2026. That's a important detail. When institution insiders person RSUs arsenic portion of their compensation, they often beryllium income taxes the infinitesimal those shares vest -- and successful galore cases, shares are sold automatically to fulfill that bill.

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