Yves Le Maitre - Dec 10, 2024 Form 4 Insider Report for Lightwave Logic, Inc. (LWLG)

Role: CEO, Director
Signature: /s/ James S. Marcelli, Attorney-in-fact for Yves Le Maitre
Stock symbol: LWLG
Transactions as of: Dec 10, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/12/2024, 04:54 PM
Previous filing: Aug 13, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LWLG	Common Stock	Award	$0	+50K	+386.88%	$0.00	62.9K	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	+150K	+400%	$0.00	188K	Dec 10, 2024	Common Stock	150K	$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. 50,000 shares vest on June 10, 2025, subject to continued service with the Company through the applicable vesting date. Unvested shares are subject to forfeiture.
F2	12,924 of the shares represent a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan, which vests as follows: The shares vest in 9 equal quarterly installments of 1,436 shares beginning September 1, 2024, subject to continued service with the Company through the applicable vesting dates. This award is subject to forfeiture. The remaining 50,000 shares are described in Footnote 1, above.
F3	Represents an option award pursuant to the Company's 2016 Equity Incentive Plan. 150,000 options vest on June 10, 2025, subject to continued service with the Company through the applicable vesting date. Unvested shares are subject to forfeiture.