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LPTH director and 10% owner reports RSU vesting and new grant

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LightPath Technologies (LPTH) director and 10% owner Form 4 filing reports equity compensation activity and related ownership details. On 11/20/2025, 6,968 shares of Class A common stock were acquired indirectly following the settlement of previously granted restricted stock units on a one-for-one basis upon vesting. These securities are held through North Run Capital, LP and may be deemed indirectly owned by North Run Advisors, LLC and the reporting person.

The filing also shows a separate award of 8,824 restricted stock units on 11/18/2025, each representing a contingent right to receive one share of Class A common stock. The units vest one year from the grant date, with directors able to elect to defer receipt of the shares, and any unvested units vest immediately if the director leaves the board.

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Insider ELLIS THOMAS B
Role Director, 10% Owner
Type Security Shares Price Value
Exercise Class A common stock 6,968 $0.00 --
Grant/Award Restricted stock units 8,824 $0.00 --
Holdings After Transaction: Class A common stock — 6,968 shares (Indirect, See footnotes); Restricted stock units — 8,824 shares (Indirect, See footnotes)
Footnotes (1)
  1. Restricted stock units were settled into Class A Common Stock on a one-for-one basis upon vesting. 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. Each restricted stock unit represents a contingent right to receive one share of Class A common stock. The restricted stock units vest one year from the grant date. 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*
ELLIS THOMAS B
(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 X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025
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 11/20/2025 M 6,968 A (1) 6,968 I See 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted stock units (4) 11/18/2025 A 8,824 (5) (5) Class A common stock 8,824 (4) 8,824 I See footnotes(2)(3)
Explanation of Responses:
1. Restricted stock units were settled into Class A Common Stock on a one-for-one basis upon vesting.
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.
4. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
5. The restricted stock units vest one year from the grant date. 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 King attorney-in-fact 11/21/2025
** 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

What insider transaction did LPTH disclose in this Form 4?

The Form 4 discloses that on 11/20/2025, the reporting person indirectly acquired 6,968 shares of LightPath Technologies Class A common stock upon the vesting and settlement of restricted stock units.

How many restricted stock units were granted to the LPTH director?

The director was granted 8,824 restricted stock units on 11/18/2025, each representing a contingent right to receive one share of Class A common stock.

When do the new LPTH restricted stock units vest?

The 8,824 restricted stock units vest one year from the grant date, and any unvested units vest immediately if the director leaves the board. Directors may elect to defer receipt of the underlying shares to a future date.

How are the LPTH securities held by the reporting person structured?

The reported securities are directly held by North Run Capital, LP and may be deemed indirectly owned by North Run Advisors, LLC as general partner and by the reporting person as a member of North Run Advisors, LLC.

Does the LPTH reporting person admit beneficial ownership of all reported securities?

No. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest, and states that the report shall not be deemed an admission of beneficial ownership for Section 16 or any other purpose.

What is the relationship of the reporting person to LightPath Technologies (LPTH)?

The reporting person is identified as both a Director and a 10% Owner of LightPath Technologies, Inc.