LENSAR (LNSR) director Ellis granted 17,421 RSUs and reports holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ELLIS THOMAS B reported acquisition or exercise transactions in this Form 4 filing.
LENSAR, Inc. director and greater-than-10% holder Thomas B. Ellis reported an equity award and updated holdings. He received 17,421 restricted stock units, each representing one share of common stock, granted at no cash cost as part of his annual non-employee director compensation.
The RSUs vest in full on June 3, 2027, if he continues serving the company, or earlier upon termination of service, a change in control, death, or disability. After this grant, he directly holds 56,083 common shares. Separately, 1,100,592 common shares are reported as indirectly held through North Run Capital, LP and North Run Advisors, LLC, with Ellis disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ELLIS THOMAS 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)
- 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.
Key Figures
RSU grant size: 17,421 units
RSU vesting date: June 3, 2027
Direct shares after grant: 56,083 shares
+2 more
5 metrics
RSU grant size
17,421 units
Restricted stock units granted June 3, 2026
RSU vesting date
June 3, 2027
Full vesting if service continues to vesting date
Direct shares after grant
56,083 shares
Common stock directly held following RSU award
Indirectly held shares
1,100,592 shares
Common stock reported via North Run Capital, LP
Grant price per RSU
$0.00 per unit
Equity award granted at no cash cost to Ellis
Key Terms
restricted stock units ("RSUs"), change in control, beneficial ownership, pecuniary interest, +1 more
5 terms
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.
change in control financial
"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"
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What did LNSR director Thomas B. Ellis report in this Form 4 filing?
Thomas B. Ellis reported an equity award of restricted stock units and updated his share holdings. The filing shows a new grant of 17,421 RSUs and both direct and indirect ownership positions in LENSAR, Inc. common stock as of the transaction date.
How many LNSR restricted stock units were granted to Thomas B. Ellis?
He was granted 17,421 restricted stock units. Each RSU represents a contingent right to receive one share of LENSAR, Inc. common stock, subject to vesting conditions tied to continued service and specific events such as change in control, death, disability, or service termination.
When do Thomas B. Ellis’s LNSR RSUs vest according to the Form 4?
The RSUs vest in full on June 3, 2027. Vesting requires that Ellis continue serving LENSAR, Inc. through that date, unless an earlier vesting event occurs, such as termination of service, a qualifying change in control, or his death or disability, triggering settlement conditions.
What indirect LNSR holdings associated with Thomas B. Ellis are disclosed?
The filing reports 1,100,592 LENSAR, Inc. common shares indirectly held by North Run Capital, LP. These may be deemed beneficially owned by North Run Advisors, LLC and, to an extent, Ellis, who disclaims beneficial ownership beyond his pecuniary interest in those securities.
Is the LNSR RSU grant to Thomas B. Ellis part of a compensation program?
Yes, the RSU grant was made under LENSAR, Inc.’s non-employee director compensation program. It is described as a component of Ellis’s annual compensation for board service, aligning his incentives with shareholders through equity that vests over time or upon specific triggering events.