Affiliate to sell 2.0M Class A shares (NASDAQ: LPTH)

Rhea-AI Filing Summary

Glen Eagle Wealth LLC filed a notice proposing the sale of 2,000,000 shares of Class A Common Stock on 02/20/2026.

The filing lists an aggregate value of $22,480,000.00 and reports 57,708,603 shares outstanding as of 02/20/2026. The shares were issued on conversion of Series G Convertible Preferred Stock originally acquired in a private placement.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Glen Eagle Wealth LLC 4428C Route 27 Kingston NJ 08528	2000000	22480000.00	57708603	02/20/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	02/20/2026	Conversion of Series G Convertible Preferred Stock originally acquired in private placement	Issuer			2000000	02/20/2026	Conversion of Series G Convertible Preferred Stock

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did the Form 144 for LPTH report?

It reported a proposed sale of 2,000,000 Class A shares. The notice lists an aggregate value of $22,480,000.00 and ties the shares to conversion of Series G convertible preferred stock acquired in a private placement on 02/20/2026.

Who is the selling holder in the LPTH Form 144?

The selling holder is Glen Eagle Wealth LLC. The filing identifies Glen Eagle Wealth LLC as the proposed seller of 2,000,000 Class A shares on 02/20/2026, arising from conversion of Series G preferred stock.

How large is the proposed sale relative to LPTH's reported outstanding shares?

The notice covers 2,000,000 shares versus 57,708,603 shares outstanding. The filing lists 57,708,603 shares outstanding as of 02/20/2026, and the proposed sale amount is shown on the same date.

What is the origin of the Class A shares being sold in the LPTH notice?

The shares result from conversion of Series G Convertible Preferred Stock. The filing states those preferred shares were originally acquired in a private placement and converted into Class A Common Stock on 02/20/2026.

Does the LPTH Form 144 state how proceeds will be used?

The filing does not state a use-of-proceeds purpose. The notice lists an aggregate value of $22,480,000.00 and identifies the selling holder and conversion origin; it does not specify how sale proceeds will be applied.