Home / Restatements / Lightwave Logic, Inc.
Filed 2026-01-20 路 Form 8-K 路 Accession 0001079973-26-000096 small
Price before filing: $4.59 (2026-01-16 close, split/dividend-adjusted)
Market cap at flag: $660.5M (2026-01-20) 路 Latest: $609.3M (2026-10-16)
| Window | LWLG | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -25.1% | -1.0% | -24.0% | 2026-02-19 |
| 90 days | +208.9% | +2.7% | +206.2% | 2026-04-20 |
| 180 days | +29.6% | +7.9% | +21.8% | 2026-07-20 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 3 insiders sold $217K (3 sales)
30 days after: 1 insider sold $89K (1 sale)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-12-31 | El-Ahmadi Siraj Nour Director | Sale | 49,260 | $3.15 | $155K | no | Form 4 |
| 2025-12-31 | Partridge Laila Director | Sale | 10,000 | $3.72 | $37K | no | Form 4 |
| 2026-01-02 | CONNELLY THOMAS M JR Director | Sale | 7,600 | $3.25 | $25K | no | Form 4 |
| 2026-01-20: red flag filed | |||||||
| 2026-01-27 | El-Ahmadi Siraj Nour Director | Sale | 25,591 | $3.48 | $89K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-10-22 to 2026-02-19. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"(the "Company"), following consultation with management, concluded that the Company's previously issued financial statements for the quarter ended June 30, 2025 should no longer be relied upon due to the Company having incorrectly expensed a portion of the value of the net shares issued by the Company in non-cash stock option exercises as compensation expense."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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