Lightwave Logic CEO Employment Agreement and CFO Retirement

Lightwave Logic, Inc. entered into a new employment agreement with Yves LeMaitre, its Chief Executive Officer, on September 12, 2025. The agreement includes an annual base salary of $500,000, eligibility for an annual cash bonus of up to $300,000, and equity awards totaling 826,617 restricted stock units (RSUs) under the 2025 Equity Incentive Plan. Additionally, the company modified an existing award of 1,616,380 performance-based RSUs granted in April 2025 to remove performance-based vesting conditions. The RSUs will vest in four equal installments over two years. The agreement also outlines severance terms, including salary continuation and COBRA premium reimbursement, in the event of termination without cause or following a change in control. Separately, James S. Marcelli, the Chief Financial Officer and Chief Operating Officer, announced his retirement, effective December 31, 2025.