Lightwave Logic Finance Chief Sells 20,000 Option Shares After 939% Stock Surge

Overview

• Principal Financial Officer Snizhana Quan sold 20,000 shares from option exercises for about $207,000 on Friday at a $10.36 average price.
• After the sale, she holds 51,125 shares directly, 4,800 shares indirectly through a partner, and 55,000 unexercised options.
• SEC filings show Director Craig Ciesla executed similar option exercises and sales around the same period.
• The stock has risen 939% over the past year to a $1.58 billion market value despite 2025 licensing revenue of $106,855 and a $20.3 million net loss.
• Recent steps toward commercialization include integrating the company’s electro‑optic polymer into the GDSFactory design kit and signing a development agreement with Tower Semiconductor, which helps customers design the material into standard chip‑foundry workflows.