nLIGHT CEO Sells Over 215,000 Shares for $8.9 Million Amid Falling Stock Price
On September 8 and 9, 2026, nLIGHT's President and CEO Scott H. Keeney sold approximately 215,000 shares of the company at a weighted average price of $41.17 per share for around $8.9 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan to avoid allegations of insider trading based on non-public information. The stock had declined following nLIGHT's second-quarter earnings report, where the company issued weaker-than-expected Q3 revenue guidance due to supply chain challenges. Despite this sell-off, Keeney retained a significant stake in the company with approximately 2 million shares directly held and an indirect holding of 501 additional shares. The CEO’s sale occurred as nLIGHT's stock price dropped below $40 per share after reaching over $75 earlier in the year. The broader market impact is limited, given that this was a planned transaction rather than a discretionary move based on new information.
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Topics: nLIGHT Rule 10b5-1 trading plan SEC filing share sale