Luminar Technologies Director Adds 61k Shares via RSU Grant

Rhea-AI Filing Summary

Form 4 filing – Luminar Technologies (LAZR)

Director Mary Lou Jepsen reported the grant of 61,576 Class A shares on 07/03/2025 through a time-based restricted stock unit (RSU) award. The RSUs vest fully on the earlier of the one-year anniversary (07/03/2026) or the next annual shareholder meeting, conditioned on her continued board service. After the transaction, Jepsen’s beneficial ownership stands at 76,508 shares. All figures reflect Luminar’s 1-for-15 reverse split executed on 11/20/2024.

No cash purchase or sale occurred, and no derivative securities were reported. The filing is routine board compensation, providing modest additional equity alignment but carrying immaterial dilution for existing shareholders.

Positive

• 61,576 RSUs granted to Director Mary Lou Jepsen, lifting her ownership to 76,508 shares, which marginally aligns board interests with shareholders.

Negative

• Share issuance is dilutive, though on a de minimis scale, and involves no cash purchase that might indicate bullish insider sentiment.

Insights

Financial Analyst

TL;DR Routine RSU grant increases director ownership; negligible balance-sheet or valuation impact.

The 61,576-share RSU grant boosts Mary Lou Jepsen’s stake to 76,508 shares but involves no cash flow and does not signal directional sentiment. Because the award is standard board compensation and the share count is small relative to Luminar’s outstanding shares (not disclosed here), dilution is immaterial. Investors should view the filing as neutral to slightly positive given continued insider alignment rather than market-moving information.

Corporate Governance Expert

TL;DR Equity-based pay reinforces board alignment; governance practices appear standard.

The one-year cliff vesting or next AGM trigger reflects typical director compensation structures, encouraging board continuity while limiting short-term selling pressure. Reporting through timely Form 4 and explicit reference to the reverse split demonstrate compliance. No red flags arise from the attorney-in-fact signature. Overall governance impact is neutral; alignment benefits are marginally positive.

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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hours per response:			0.5

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^*

Jepsen Mary Lou

(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	76,508(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 Mary Lou Jepsen	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

What did Director Mary Lou Jepsen report in the latest LAZR Form 4?

She received 61,576 Class A RSUs on 07/03/2025 as part of annual board compensation.

How many Luminar shares does Mary Lou Jepsen now own?

After the grant, she beneficially owns 76,508 Class A shares.

When will the RSUs granted to Mary Lou Jepsen vest?

The award vests fully on 07/03/2026 or the next annual shareholder meeting, whichever occurs first.

Does the Form 4 show any open-market buying or selling by the director?

No. The filing discloses an equity grant only; no purchases or sales were reported.

How did the 1-for-15 reverse split affect the share counts in this filing?

All share numbers, including the RSU grant and ownership totals, are adjusted to reflect the 11/20/2024 reverse split.