Lightwave Logic, Inc. 10-K

Item 5. Market For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity Securities. Market Information Our common stock trades on the Nasdaq Capital Market under the symbol LWLG. Holders of Common Stock On February 28, 2024, we had approximately 70 holders of our common stock, not including persons who hold our common stock in nominee or "street name” accounts through brokers or banks. Dividend Policy Our Company has never paid a cash dividend and has no present plans to pay cash dividends . Securities Authorized for Issuance under Equity Compensation Plans Equity Compensation Plans as of December 31, 2023. Equity Compensation Plan Information Number of securities to be issued upon exercise of outstanding options, warrants and rights Weighted-average exercise price of outstanding options, warrants and rights Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) Plan category (a) (b) (c) Equity compensation plans approved by security holders (1) 8,290,807 $2.90 5,291,784 Equity compensation plans not approved by security holders (2) 519,000 $0.64 0 Total 8,809,807 $2.76 5,291,784 1. Reflects shares of common stock to be issued pursuant to our 2016 Equity Incentive Plan and our 2007 Employee Stock Plan, both of which are for the benefit of our directors, officers, employees and consultants. We have reserved 13,000,000 shares of common stock for such persons pursuant to our 2016 Equity Incentive Plan. We terminated our 2007 Employee Stock Plan in June 2016 and no additional awards are made under that plan. 2. Comprised of common stock purchase warrants we issued for services. 51 Stock Performance Graph The graph set forth below compares the cumulative total stockholder return on our common stock between December 31, 2018 and December 31, 2023, with the cumulative total return of (a) the NASDAQ Composite Index and (b) Solactive EPIC Core Photonics USD Index NTR, over the same period. This graph assumes the investment of $100 on December 31, 2018 in our common stock, the NASDAQ Composite Index and the Solactive EPIC Core Photonics USD Index NTR and assumes the reinvestment of dividends, if any. The graph assumes our closing sales price on December 31, 2018 of $.71 per share as the initial value of our common stock. The comparisons shown in the graph below are based upon historical data. The stock price performance shown in the graph below is not necessarily indicative of, nor is it intended to forecast, the potential future performance of our common stock. Information used in the graph was obtained from the NASDAQ Stock Market LLC and Solactive AG, financial data providers and sources believed to be reliable. The above graph and related information shall not be deemed “soliciting material” or to be “filed” with the Securities and Exchange Commission, nor shall such information be incorporated by reference into any future filing under the Securities Act or the Exchange Act except to the extent we specifically incorporate it by reference into such filing. Our stock price performance shown in the graph below is not indicative of future stock price performance. 52 Recent Sales of Unregistered Securities During the period covered by this report, our Company has sold the following securities without registering the securities under the Securities Act: Date Security Jan 5, 2023 Common Stock — 25,000 shares of Common Stock at $.75 per share pursuant to a warrant exercise. June 5, 2023 Common Stock — 100,000 shares of Common Stock at $1.15 per share pursuant to a warrant exercise. June 20, 2023 Common Stock — 25,000 shares of Common Stock at $.67 per share pursuant to a warrant exercise. July 18, 2023 Common Stock —19,000 shares of Common Stock at $.75 per share pursuant to a warrant exercise. Dec 14, 2023 Common Stock —100,000 shares of Common Stock at $.72 per share pursuant to a warrant exercise. No underwriters were utilized, and no commissions or fees were paid with respect to any of the above transactions. These persons were the only offerees in connection with these transactions. We relied on Section 4(a)(2) and Rule 506 of Regulation D of the Securities Act since the transaction does not involve any public offering. Purchases of Equity Securities by the Issuer or Affiliated Purchasers None. Item 6. RESERVED.