LAZR Form 4: Director Simoncini Adds 61.6k Shares via RSU Grant

Rhea-AI Filing Summary

Form 4 filing summary – Luminar Technologies (LAZR)

On July 3 2025, director Matthew J. Simoncini was granted 61,576 Class A restricted stock units (RSUs) at a price of $0 as part of routine board compensation. The award will vest in full on the earlier of (i) July 3 2026 or (ii) the date of the next annual shareholder meeting, subject to his continued board service.

After the grant, Simoncini’s direct beneficial ownership increased to 78,097 Class A shares. All share figures reflect Luminar’s 1-for-15 reverse stock split completed on November 20 2024. No shares were sold, and the transaction does not involve open-market activity, cash proceeds, or changes to derivative positions.

The filing represents standard equity compensation for a non-employee director and does not signal a material change in corporate outlook or capital structure.

Insights

Securities Analyst

TL;DR: Routine RSU grant to director; negligible market impact.

The Form 4 shows a non-employee director receiving 61,576 RSUs—post-split equivalent shares valued at roughly one year of board compensation. No open-market buying or selling occurred, so the grant does not alter the public float or reveal insider sentiment beyond normal pay practices. Ownership rises to 78,097 shares, still a de-minimis portion of Luminar’s outstanding shares. Overall, the disclosure is neutral for valuation and liquidity.

Corporate Governance Expert

TL;DR: Standard equity compensation; governance status quo.

The single-year cliff-vesting RSU aligns with prevailing director pay structures, incentivising board alignment without immediate dilution. Using RSUs rather than cash conserves cash while modestly increasing equity-based alignment. No red flags emerge regarding timing or structure, and the post-split adjustment is properly disclosed. Governance impact is neutral and non-material for investors.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Simoncini Matthew

(Last) (First) (Middle)

C/O LUMINAR TECHNOLOGIES, INC.

2603 DISCOVERY DRIVE, SUITE 100

(Street)

ORLANDO FL 32826

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Luminar Technologies, Inc./DE [ LAZR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/03/2025		A		61,576(1)	A	$0	78,097(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of Class A common stock underlying a time-based restricted stock unit award ("RSU"). Each annual RSU award shall vest in full on the first to occur of (i) the one-year anniversary of the grant date, July 3, 2026 or (ii) the date of the next annual meeting of stockholders, subject to the Reporting Person's continued service as a member of the Board of Directors through such vesting date.

2. Effective November 20, 2024, the Issuer effected a 1-for-15 reverse stock split of its Class A common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 has been adjusted to reflect the Reverse Stock Split.

	By Thomas J. Fennimore, as Attorney-in-Fact for Matthew J. Simoncini	07/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Luminar (LAZR) shares did Matthew Simoncini acquire?

He received 61,576 Class A restricted stock units on July 3 2025.

What is the vesting schedule for the RSU grant disclosed in this Form 4?

The RSUs vest in full on the earlier of July 3 2026 or the next annual shareholder meeting, subject to continued board service.

Did the director sell any Luminar shares in this filing?

No, the filing reports only an award grant; there were no disposals or sales.

What is Matthew Simoncini's total beneficial ownership after the transaction?

Following the grant, he directly owns 78,097 Class A shares.

Why do the share numbers differ from previous filings?

Figures are adjusted for Luminar’s 1-for-15 reverse stock split completed on November 20 2024.