Form 4: nLIGHT CFO Reports Routine Stock Transaction, Including Tax Withholding and ESPP Share Acquisition
Insider Transaction Report
nLIGHT, Inc.'s Chief Financial Officer, Joseph John Corso, reported a routine transaction involving shares withheld for tax liability upon restricted stock unit vesting, alongside the acquisition of shares through the company's Employee Stock Purchase Plan.
Summary
- Joseph John Corso, Chief Financial Officer of nLIGHT, Inc. (LASR), reported a transaction on June 2, 2025.
- The transaction involved the disposition of 6,705 shares of Common Stock at a price of $15.59 per share.
- These shares were withheld by the company to cover tax liability in connection with the vesting of previously reported restricted stock units and were not sold by Mr. Corso.
- Following this transaction, Mr. Corso beneficially owns 176,424 shares of Common Stock directly.
- This total beneficial ownership includes common stock owned and unvested restricted stock units.
- The total also includes shares purchased through the nLIGHT, Inc. Employee Stock Purchase Plan (ESPP) for the period of November 16, 2024, through May 15, 2025.
- ESPP shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on November 18, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. While shares were 'disposed' of, it was a non-discretionary tax withholding event. The concurrent acquisition of shares through the ESPP indicates continued investment and confidence from the CFO.
Positives
- The CFO's beneficial ownership of 176,424 shares indicates a significant ongoing stake in the company.
- The acquisition of shares through the Employee Stock Purchase Plan (ESPP) demonstrates the CFO's continued investment and confidence in the company's future at a discounted price (85% of market price).
Negatives
- A disposition of 6,705 shares occurred, although it was for tax withholding purposes rather than a direct sale by the reporting person.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive dynamics. It reflects standard compensation practices for executives, including restricted stock unit vesting and employee stock purchase plans.
Stakeholder Impact
- Shareholders: This is a routine insider transaction that provides transparency into executive stock ownership. The CFO's continued significant holding and ESPP participation may be viewed positively as alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 2024-11-16 | Start of Employee Stock Purchase Plan (ESPP) purchase period. |
| 2024-11-18 | Reference date for closing price used to determine ESPP purchase price (85% of closing price). |
| 2025-05-15 | End of Employee Stock Purchase Plan (ESPP) purchase period. |
| 2025-06-02 | Date of transaction (shares withheld for tax liability). |
| 2025-06-04 | Date the Form 4 was signed. |
Keywords
nLIGHT, LASR, Joseph John Corso, CFO, Form 4, SEC filing, insider transaction, beneficial ownership, restricted stock units, RSU, tax withholding, Employee Stock Purchase Plan, ESPP, common stock
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