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LPTH Insider Grant: 19,355 Restricted Stock Units Vest November 2025

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

Rhea-AI Filing Summary

Lightpath Technologies (NASDAQ: LPTH) submitted a Form 4 detailing an equity award to director M. Scott Faris. On 06/16/2025 the director received 19,355 restricted stock units (RSUs), each convertible into one share of Class A common stock.

The RSUs vest on 11/20/2025; any unvested portion accelerates if the director leaves the board, and receipt of shares may be deferred at the director’s election. Following this grant, Faris beneficially owns 464,560 derivative securities. No sales, option exercises, or cash transactions were reported, and the filing does not disclose any operational or financial changes for the company.

The transaction is routine director compensation under the company’s equity plan and does not appear to represent a material change in ownership or company outlook.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Small routine RSU award; no buy/sell signal or material ownership shift.

The filing reports 19,355 new RSUs to director M. Scott Faris, lifting derivative holdings to 464,560 shares—an increase of roughly 4%. That figure is below the 5% materiality threshold and, without pricing data, likely under the US$1 million mark. The absence of share sales suggests no negative sentiment, but the grant size is typical for director compensation and does not meaningfully alter the insider ownership profile. Consequently, the market impact should be negligible.

Insider Faris M. Scott
Role Director
Type Security Shares Price Value
Grant/Award Restricted stock units 19,355 $0.00 --
Holdings After Transaction: Restricted stock units — 464,560 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of Class A common stock. The restricted stock units vest November 20, 2025. Directors may elect to defer receipt of the shares to a future date. Any unvested restricted stock units will vest immediately upon the director leaving the board.
Form 4 Insider Transactions: What Each Field Means →
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
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*
Faris M. Scott
(Last) (First) (Middle)
2603 CHALLENGER TECH COURT
SUITE 100
(Street)
ORLANDO FL 32826
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LIGHTPATH TECHNOLOGIES INC [ LPTH ] 		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)
06/16/2025
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
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
Restricted stock units (1) 06/16/2025 A 19,355 (2) (2) Class A common stock 19,355 (1) 464,560 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
2. The restricted stock units vest November 20, 2025. Directors may elect to defer receipt of the shares to a future date. Any unvested restricted stock units will vest immediately upon the director leaving the board.
/s/ Natalie N Cockayne attorney-in-fact 06/18/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many restricted stock units did LPTH director M. Scott Faris receive on 06/16/2025?

The Form 4 states that M. Scott Faris was granted 19,355 RSUs.

When do the newly granted LPTH RSUs vest?

According to the filing, the RSUs vest on November 20, 2025, or immediately if the director leaves the board.

Did the Form 4 report any sale of LPTH shares by the insider?

No. The filing shows only an acquisition of RSUs; there were no share sales or disposals.

What is M. Scott Faris’s total beneficial ownership after the transaction?

Following the award, the director beneficially owns 464,560 derivative securities linked to Class A common stock.