Form 4: Opaleye Management Inc. Increases Stake in SANUWAVE Health, Inc.

Opaleye Management Inc. reports purchasing additional shares of SANUWAVE Health, Inc. through direct holdings and managed accounts.

Summary

• Opaleye Management Inc. filed a Form 4 disclosing transactions in SANUWAVE Health, Inc. (SNWV) stock.
• On April 29, 2025, Opaleye Management Inc. purchased 5,000 shares of common stock at a weighted average price of $25.4908 through Opaleye, L.P.
• Additionally, 2,998 shares were purchased at the same weighted average price through a managed account.
• Following these transactions, Opaleye, L.P. holds 965,000 shares, and the managed account holds 15,000 shares.
• Opaleye Management Inc. disclaims beneficial ownership of the shares except to the extent of its pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. The disclaimer of beneficial ownership tempers any positive interpretation.

Positives

• Opaleye Management Inc.'s increased investment could signal confidence in SANUWAVE Health, Inc.

Risks

• Opaleye Management Inc. disclaims beneficial ownership, which could indicate a limited long-term commitment.

Management Comments

• Opaleye Management Inc. disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that Opaleye Management Inc. is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates changes in Opaleye Management Inc.'s holdings in SANUWAVE Health, Inc.

Stakeholder Impact

• The increased stake by Opaleye Management Inc. could be viewed positively by shareholders.

Key Dates

Keywords

SANUWAVE Health, Opaleye Management, Form 4, Beneficial Ownership, Stock Purchase, SNWV