Frederick J. Leonberger - Dec 21, 2024 Form 4 Insider Report for Lightwave Logic, Inc. (LWLG)

Role
Director
Signature
/s/ James S. Marcelli, Attorney-in-fact for Frederick J. Leonberger
Stock symbol
LWLG
Transactions as of
Dec 21, 2024
Transactions value $
$77,000
Form type
4
Date filed
12/26/2024, 08:44 AM
Previous filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWLG Common Stock Exercise of in-the-money or at-the-money derivative security $77K +100K +50.92% $0.77 296K Dec 21, 2024 Direct F1

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 Warrant (Right to Buy) Exercise of in-the-money or at-the-money derivative security $0 -100K -10.36% $0.00 865K Dec 21, 2024 Common Stock 100K $0.77 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount of securities reported in Column 5 includes a restricted stock award of 17,241 shares. 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.
F2 The warrant vests as follows: 25,000 on January 1, 2015 with remainder vesting in 10 equal monthly installments of 7,500 over the next 10 months thereafter.
F3 Includes employee stock options to purchase up to 465,000 shares of common stock and warrants to purchase up to 400,000 shares of common stock.