[Form 4] Luminar Technologies, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing overview: On July 3, 2025 Luminar Technologies, Inc. (ticker LAZR) reported an equity award to director Daniel D. Tempesta.

• Security: Class A common stock.
• Type of transaction: Grant of 61,576 shares underlying a time-based restricted stock unit (RSU) award, recorded at a price of $0 because it is a compensatory grant.
• Vesting: RSUs vest in full on the earlier of (i) July 3, 2026 or (ii) the next annual shareholder meeting, contingent on continued board service.
• Post-transaction holdings: Tempesta now reports direct beneficial ownership of 80,436 Class A shares.
• Share count restatement: All amounts reflect Luminar’s 1-for-15 reverse stock split effective November 20, 2024.

No derivative securities were reported and there were no open-market purchases or sales. The filing represents routine board compensation and results in minimal dilution relative to Luminar’s total shares outstanding. Investors may view the award as a modest alignment of director incentives with shareholder value, but it does not materially alter ownership structure or control.

Positive

• Enhanced director-shareholder alignment: RSU award increases insider equity exposure without cash cost, potentially improving governance incentives.

Negative

• Minor dilution: Issuance of 61,576 new shares marginally increases outstanding share count, though impact is de minimis.

Insights

Corporate Governance Expert

TL;DR: Routine RSU grant strengthens board alignment; immaterial to float or control.

The grant follows typical director compensation practice for growth-stage tech firms. By using RSUs that vest over a year or until the next AGM, Luminar ties director compensation to share performance without immediate cash outlay. Because the award equals roughly 0.02% of Luminar’s post-split basic shares (estimate), dilution is negligible. No 10b5-1 plan was indicated, so future dispositions will need separate disclosure.

Securities Analyst

TL;DR: Neutral filing—no purchase/sale, just equity compensation; limited market impact.

Investors should not expect near-term price movement from this event. The $0 cost reflects non-cash compensation rather than bullish insider buying. Ownership rises to 80,436 shares, but the director remains a small holder versus management insiders. Liquidity and capital structure unchanged; therefore, the filing is classified as not impactful for valuation models.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Tempesta Daniel David

(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	80,436(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 Daniel D. Tempesta	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 Director Daniel Tempesta receive?

He received 61,576 Class A shares via a restricted stock unit grant.

When do the new RSUs granted to Daniel Tempesta vest?

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

What is Daniel Tempesta's total share ownership after the transaction?

Following the grant, he beneficially owns 80,436 Class A shares of Luminar.

Was there any cash purchase or sale involved in this Form 4?

No. The transaction was a compensatory equity grant recorded at $0 per share; no cash exchanged hands.

Did the reverse stock split affect the share numbers in this filing?

Yes. All figures reflect Luminar’s 1-for-15 reverse stock split effective November 20, 2024.