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Lensar (LNSR) director receives 17,421 RSUs, reports 1.1M+ indirect shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LENSAR, Inc. director and 10% owner Todd B. Hammer received a grant of 17,421 restricted stock units as part of his annual non-employee director compensation. Each RSU converts into one share of common stock and vests in full on June 3, 2027, contingent on his continued service or earlier specified events. Following this grant, Hammer directly holds 56,083 common shares. Separately, 1,100,592 common shares are reported as held by North Run Capital, LP and may be deemed indirectly owned by North Run Advisors, LLC and Hammer, who disclaims beneficial ownership except to the extent of his pecuniary interest.

Positive

  • None.

Negative

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Insider HAMMER TODD B
Role null
Type Security Shares Price Value
Grant/Award Common Stock 17,421 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 56,083 shares (Direct, null); Common Stock — 1,100,592 shares (Indirect, See footnotes)
Footnotes (1)
  1. Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of LENSAR, Inc. common stock. The RSUs vest in full on June 3, 2027, subject to the Reporting Person's continued service to the Issuer through the vesting date, and will be settled upon the earliest to occur of (a) the Reporting Person's termination of service, (b) a change in control of the Company, or (c) the Reporting Person's death or disability. The RSUs were granted in accordance with the Issuer's non-employee director compensation program as a component of the Reporting Person's annual compensation for service to the Issuer. The reported securities are directly held by North Run Capital, LP, and may be deemed to be indirectly beneficially owned by North Run Advisors, LLC as the general partner of North Run Capital, LP. The reported securities may also be deemed to be indirectly beneficially owned by the Reporting Person as a member of North Run Advisors, LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of beneficial ownership of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
RSU grant size 17,421 RSUs Granted to Todd B. Hammer as non-employee director compensation
RSU vesting date June 3, 2027 RSUs vest in full on this date, subject to continued service or earlier specified events
Grant price per RSU $0.00 per unit Compensation grant, not an open-market purchase
Direct shares after grant 56,083 shares Total LENSAR common stock directly held by Hammer following the RSU grant
Indirectly held shares 1,100,592 shares Common stock held by North Run Capital, LP, may be deemed indirectly owned
restricted stock units ("RSUs") financial
"Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive one share of LENSAR, Inc. common stock"
change in control financial
"will be settled upon the earliest to occur of (a) the Reporting Person's termination of service, (b) a change in control of the Company"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
Estimated average burden
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*
HAMMER TODD B
(Last)(First)(Middle)
2800 DISCOVERY DRIVE
(Street)
ORLANDO FLORIDA 32826
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LENSAR, Inc. [ LNSR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/03/2026A17,421(1)A$056,083D
Common Stock1,100,592ISee footnotes(2)(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of LENSAR, Inc. common stock. The RSUs vest in full on June 3, 2027, subject to the Reporting Person's continued service to the Issuer through the vesting date, and will be settled upon the earliest to occur of (a) the Reporting Person's termination of service, (b) a change in control of the Company, or (c) the Reporting Person's death or disability. The RSUs were granted in accordance with the Issuer's non-employee director compensation program as a component of the Reporting Person's annual compensation for service to the Issuer.
2. The reported securities are directly held by North Run Capital, LP, and may be deemed to be indirectly beneficially owned by North Run Advisors, LLC as the general partner of North Run Capital, LP. The reported securities may also be deemed to be indirectly beneficially owned by the Reporting Person as a member of North Run Advisors, LLC.
3. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of beneficial ownership of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
/s/ Nicholas T. Curtis, attorney-in-fact06/05/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did LENSAR (LNSR) director Todd B. Hammer report in this Form 4?

Todd B. Hammer reported receiving 17,421 restricted stock units as part of his annual non-employee director compensation. The filing also updates his direct and indirect holdings of LENSAR common stock, including shares held through North Run Capital, LP.

How many LENSAR (LNSR) RSUs were granted to Todd B. Hammer?

Todd B. Hammer was granted 17,421 restricted stock units of LENSAR common stock at a price of $0.00 per unit. Each RSU represents a contingent right to receive one share upon vesting and settlement, subject to the terms described in the filing.

When do Todd B. Hammer’s LENSAR (LNSR) RSUs vest and settle?

The 17,421 RSUs vest in full on June 3, 2027, if Hammer continues to serve LENSAR through that date. They may settle earlier upon his service termination, a change in control of the company, or his death or disability, as outlined in the grant terms.

How many LENSAR (LNSR) shares does Todd B. Hammer hold directly after this filing?

After the RSU grant, Todd B. Hammer directly holds 56,083 shares of LENSAR common stock. These direct holdings are separate from additional shares reported as indirectly held through North Run Capital, LP and related entities referenced in the footnotes.

What indirect LENSAR (LNSR) holdings are associated with Todd B. Hammer?

The filing reports 1,100,592 LENSAR common shares held by North Run Capital, LP. These may be deemed indirectly beneficially owned by North Run Advisors, LLC and by Hammer, who disclaims beneficial ownership except to the extent of his pecuniary interest in those securities.

Is Todd B. Hammer’s RSU grant in LENSAR (LNSR) a market purchase?

No, the 17,421 RSUs were granted as compensation under LENSAR’s non-employee director compensation program at $0.00 per unit. This is a grant or award acquisition, not an open-market stock purchase, and reflects equity-based director pay rather than trading activity.