Form 4: Opaleye Management Acquires Sol-Gel Technologies Shares

Opaleye Management Inc. reports the acquisition of additional ordinary shares in Sol-Gel Technologies Ltd. through its managed fund and account.

Summary

• Opaleye Management Inc., acting as the investment manager for Opaleye, L.P. and portfolio manager for a separately managed account, has acquired additional ordinary shares in Sol-Gel Technologies Ltd. (SLGL).
• On May 12, 2026, 1,500 shares were acquired at a weighted average price of $67.9833, with individual transaction prices ranging from $67.95 to $68.00.
• On May 13, 2026, an additional 1,937 shares were acquired at a weighted average price of $66.8701, with individual transaction prices ranging from $66.00 to $67.3820.
• Following these transactions, Opaleye Management Inc. may be deemed to beneficially own 486,500 shares through Opaleye, L.P. and an additional 15,000 shares through the Managed Account.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine share acquisitions by an investment manager and does not contain operational or financial performance data.

Positives

• Opaleye Management Inc., a significant entity, continues to increase its beneficial ownership in Sol-Gel Technologies Ltd., indicating confidence in the company.
• The acquisitions were made at prices reflecting market activity, with weighted average prices provided for the transactions.

Negatives

• The filing does not contain any negative financial results or operational setbacks.

Risks

• Opaleye Management Inc. disclaims beneficial ownership of the shares except to the extent of its pecuniary interest, which is a standard disclosure but highlights the indirect nature of their ownership.
• The filing is a Form 4, which reports changes in beneficial ownership and does not provide forward-looking statements or detailed operational risks of Sol-Gel Technologies Ltd.

Future Outlook

This filing is a statement of changes in beneficial ownership and does not contain forward-looking statements or guidance regarding Sol-Gel Technologies Ltd.'s future performance.

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

StockSavvy.ai notes that Form 4 filings are routine disclosures for significant shareholders and insiders. The continued acquisition of shares by Opaleye Management Inc. in Sol-Gel Technologies Ltd. suggests ongoing strategic interest, but without further context on Sol-Gel's operations, it's difficult to tie this directly to broader industry trends.

Stakeholder Impact

• Shareholders: The increased beneficial ownership by a significant investment manager may be viewed positively, suggesting continued investor confidence.
• Opaleye Management Inc.: The transactions reflect their investment strategy and management of client assets.
• Sol-Gel Technologies Ltd.: The filing indicates continued interest from a substantial shareholder, which can be a positive signal.

Next Steps

• Opaleye Management Inc. will continue to report any further changes in beneficial ownership of Sol-Gel Technologies Ltd. securities as required by Section 16(a) of the Securities Exchange Act of 1934.

Key Dates

Keywords

Sol-Gel Technologies, SLGL, Opaleye Management, Form 4, Beneficial Ownership, Share Acquisition, Investment Management, Securities Exchange Act