Badawi David 4

What Happened
David Badawi, Chief Technology Officer and a director of Sight Sciences (SGHT), exercised stock options on 2026-02-19 for 21,270 shares at an exercise price of $0.23 per share, paying $4,892 in total. The filing also reports 21,270 shares as disposed (derivative) on the same date — commonly the result of shares being surrendered or withheld to cover exercise costs or tax obligations.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (appears timely).
• Exercise details (code M): 21,270 shares acquired at $0.23 each; total amount paid $4,892.
• Matching derivative disposition: 21,270 shares reported disposed at $0.00 (derivative reporting).
• Shares owned after transaction: 1,795,520 shares of common stock beneficially owned, plus 202,938 shares that will be acquired upon future vesting of restricted stock units (per footnote).
• Footnotes: F1 confirms these were option exercises under the company plan; F3 notes the option grant had fully vested as of Jan 1, 2020.
• No 10b5-1 plan or other trading-plan disclosure in the filing; disposition reporting suggests withholding/surrender rather than an open-market sale.

Context
This was an option exercise rather than an open-market purchase or sale. When exercised options result in an equal number of shares being reported as disposed at $0.00, that often indicates shares were surrendered to cover the exercise price or taxes (a cashless or net-share settlement), not a market sale. Such exercises are common for insiders exercising long-vested options and do not by themselves signal a bullish or bearish view.