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

Rhea-AI Filing Summary

Form 4 filing overview: Luminar Technologies, Inc. (ticker LAZR) disclosed that Director and 10% owner Austin Russell was granted 61,576 shares of Class A common stock on 07 / 03 / 2025. The shares represent a time-based restricted stock unit (RSU) award with no cash exercise price. The RSUs will vest in full on the earlier of (i) July 3, 2026 or (ii) the date of the next annual shareholder meeting, subject to Russell’s continued Board service. Following the grant, Russell’s directly held beneficial ownership increased by the same 61,576 shares. No dispositions, derivative securities, or Rule 10b5-1 trading plans were reported in this filing.

Insights

Securities Analyst

TL;DR: Routine RSU grant adds 61.6k shares to founder’s stake; minimal fundamental impact.

This Form 4 records a standard annual equity award to Austin Russell. Because the award is time-based and carries no purchase price, it does not immediately affect cash flows or share count beyond ordinary dilution already contemplated in equity-based compensation plans. The magnitude—about 61 k shares—is modest relative to Luminar’s ~400 m shares outstanding, signalling negligible EPS or ownership shift. Materiality for investors is therefore low; however, continued insider ownership can be viewed as incentive alignment.

Corporate Governance Expert

TL;DR: Grant aligns board incentives; governance status quo unchanged.

The RSU award follows common practice of compensating key insiders with equity that vests over one year or until the next shareholder meeting, encouraging retention and shareholder alignment. No accelerated vesting or special terms were disclosed. The filing meets Section 16 requirements and poses no governance red flags. Impact on control dynamics is immaterial given Russell’s existing >10 % position.

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

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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^*

Russell Austin

(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	X	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	61,576	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.

	By Thomas J. Fennimore, as Attorney-in-Fact for Austin Russell	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 Technologies (LAZR) shares did Austin Russell acquire in the Form 4?

He acquired 61,576 Class A common shares through an RSU grant.

What type of security was reported in this insider transaction?

The filing reports time-based restricted stock units (RSUs) that settle into Class A shares.

When will the RSUs granted to Austin Russell vest?

They vest on the earlier of July 3, 2026 or the date of the next annual shareholder meeting.

Was there any cash price paid for the shares?

No. The RSUs carry a $0 exercise price; no cash was exchanged.

Did the transaction change Austin Russell’s ownership classification?

It increased his direct beneficial ownership by 61,576 shares; he remains a 10 % owner.

Were any derivative securities or sales reported?

No derivative securities or dispositions were disclosed in this Form 4.