Siraj Nour El-Ahmadi - Dec 10, 2024 Form 4 Insider Report for Lightwave Logic, Inc. (LWLG)

Role: Director
Signature: /s/ James S. Marcelli, Attorney-in-fact for Siraj Nour El-Ahmadi
Stock symbol: LWLG
Transactions as of: Dec 10, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/12/2024, 04:52 PM
Previous filing: Jun 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LWLG	Common Stock	Award	$0	+25K	+53.92%	$0.00	71.4K	Dec 10, 2024	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LWLG	Employee Stock Option (Right to Buy)	Award	$0	+75K	+11.63%	$0.00	720K	Dec 10, 2024	Common Stock	75K	$2.65	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan. 25,000 shares vest on March 10, 2025, subject to continued service with the Company through the applicable vesting date. Unvested shares are subject to forfeiture.
F2	17,241 of the shares represent a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan, which vests as follows: 2,881 shares of restricted stock vested on June 18, 2024, with the remaining restricted stock awards vesting in 10 equal quarterly installments beginning on July 1, 2024, subject to continued service with the Company through the applicable vesting dates. Any unvested portion of this award is subject to forfeiture. 25,000 of the shares are described in Footnote 1, above. The remaining 29,128 shares are fully vested.
F3	Represents an option award pursuant to the Company's 2016 Equity Incentive Plan, 75,000 options vest on March 10, 2025, subject to continued service with the Company through the applicable vesting date. Unvested shares are subject to forfeiture.