[Form 4] Lightpath Technologies Inc Insider Trading Activity

Rhea-AI Filing Summary

LightPath Technologies Inc. (LPTH) filed a Form 4 reporting that Director Joseph Menaker received 19,355 restricted stock units (RSUs) on 16 June 2025. Each RSU converts to one share of Class A common stock upon vesting on 20 November 2025, with immediate vesting if the director leaves the board. No non-derivative share transactions or sales were disclosed. After the grant, Menaker beneficially owns 249,093 derivative securities. The filing reflects routine board compensation, adds a modest number of potential shares to future dilution, and does not indicate insider buying or selling pressure.

Positive

• No shares were sold, so the filing does not signal insider profit-taking.
• Equity award aligns director incentives with long-term shareholder value by tying compensation to stock performance.

Negative

• Potential dilution of approximately 19,355 shares may occur when RSUs convert, though impact is likely immaterial.

Insights

Financial Analyst

TL;DR: Routine RSU grant; negligible valuation impact.

This Form 4 shows a standard equity award to Director Joseph Menaker—19,355 RSUs with no cash outlay or share sale. The award represents roughly 7.8% of his existing derivative holdings (249,093 after the grant). Such grants align director incentives with shareholders but introduce only minimal potential dilution given LightPath’s multi-million share base. Because there are no open-market purchases or dispositions, the filing is largely administrative and should not materially influence near-term trading sentiment.

Corporate Governance Specialist

TL;DR: Governance-aligned equity incentive; impact neutral.

The RSU grant follows typical board compensation practice and contains a single-trigger acceleration clause—units vest immediately if the director departs. This clause supports board retention yet could marginally weaken long-term incentive if turnover occurs early. Overall, the grant size is modest, vests in slightly under 18 months, and signals continued service commitment. Governance risk remains low and shareholder dilution from 19,355 additional shares, if issued, is immaterial.

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
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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^*

Menaker Joseph

(Last) (First) (Middle)

2603 CHALLENGER TECH COURT

SUITE 100

(Street)

ORLAND 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)	249,093	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.

FAQ

What did LightPath Technologies (LPTH) report in the latest Form 4?

The company disclosed that Director Joseph Menaker received 19,355 restricted stock units on 16 June 2025.

How many RSUs did Director Joseph Menaker receive?

He was granted 19,355 RSUs, each convertible into one share of Class A common stock.

When do the RSUs granted to Menaker vest?

The RSUs vest on 20 November 2025; they vest immediately if he leaves the board before that date.

Did the filing include any insider share sales?

No. The Form 4 reports only an RSU grant with no sales or open-market purchases.

How many derivative securities does Menaker own after this grant?

Following the transaction, he beneficially owns 249,093 derivative securities (primarily RSUs).

Will the RSU grant significantly dilute LPTH shareholders?

The potential dilution from 19,355 additional shares is minimal relative to LightPath’s total shares outstanding.