Lsi Inds Inc Ohio SEC Filings

LSI Industries Inc. (LYTS) Form 4 filing: Director Amy Hanson acquired 1,305 common shares on 07/01/2025 at $17.24 per share. The purchase, which includes 126 shares obtained through the company’s dividend reinvestment plan, lifts her direct beneficial ownership to 63,976 shares. No sales or derivative security transactions were reported, and Hanson remains classified solely as a director. The filing reflects incremental insider buying and updates the market on the director’s current equity stake.

LSI Industries Inc. (LYTS) – Form 4 filing dated 2 July 2025

Director Robert P. Beech reported an acquisition of 1,305 common shares of LSI Industries on 1 July 2025 at a reported price of $17.24 per share (Transaction Code “A”). Following the purchase, Beech’s direct ownership increased to 98,775 common shares. No derivative security activity was disclosed, and no other transactions were reported in this filing.

The filing was signed by F. M. Reuter as Attorney-in-Fact for Robert P. Beech on 2 July 2025.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 2-year Capped Dual Directional Buffered Return Enhanced Notes linked equally to the Nasdaq-100 Index (NDX) and the S&P 500 Index (SPX). The notes are unsecured, senior obligations and expose investors to the credit risk of both entities.

Key economic terms

• Principal denomination: $1,000 per note
• Pricing date: 31 Jul 2025; Observation date: 02 Aug 2027; Maturity: 05 Aug 2027
• Upside leverage: 2.00× on the lesser-performing underlying when both indices finish above their initial values, subject to a Maximum Upside Return ≥ 22.50%
• Buffer: 10.00% protection on downside losses
• Dual-directional feature: If the lesser-performing index is flat or down ≤ 10%, investors receive a positive payoff equal to the absolute return of that index, effectively capping gains at 10.00% in these scenarios
• Estimated value on pricing date: ≥ $900 (90% of face), lower than the $1,000 purchase price
• CUSIP: 48136FFR8

Payout mechanics

• Both indices up: $1,000 + $1,000 × (Lesser-performing return × 2.0), capped by Maximum Upside Return
• Either index ≤ Initial and ≥ –10%: $1,000 + $1,000 × |Lesser-performing return| (effective cap 10%)
• Either index < –10%: $1,000 + $1,000 × (Lesser-performing return + 10%), leading to partial to full principal loss

Investor considerations & risks

• No interim coupon, dividend, or voting rights
• Return is capped on both the upside (≥ 22.5%) and the dual-directional feature (10%)
• Downside risk beyond the 10% buffer can result in significant loss of principal
• Secondary market is limited; J.P. Morgan Securities LLC may—but is not obliged to—provide liquidity
• Pricing includes an internal funding rate; the estimated value is below issue price, creating an upfront cost to investors
• Potential conflicts of interest as JPMorgan acts as issuer, guarantor, calculation agent, and hedger
• Complex tax treatment; investors should consult advisers

The notes may appeal to investors seeking short-term, equity-linked exposure with modest downside protection and a leveraged upside, but they carry credit, market, liquidity, and structural cap risks that can materially limit returns or erode principal.

LSI Industries Inc. (LYTS) – Form 4 insider transaction

Director Wilfred T. O’Gara reported purchasing 1,305 common shares of LSI Industries on 1 July 2025 at a price of $17.24 per share. Following the acquisition, O’Gara directly owns 115,937 shares of LYTS stock. No derivative securities were involved and there were no dispositions reported. The filing was signed on 2 July 2025 by an attorney-in-fact.

This single transaction modestly increases the director’s stake and may signal incremental insider confidence, although the volume is small relative to LSI’s total shares outstanding.

Bank of Nova Scotia (BNS) is marketing a new 12-month structured note—“Airbag Autocallable Contingent Yield Notes with Memory Interest” —linked to Meta Platforms, Inc. (META) common stock. The $1,000-denominated senior unsecured notes offer a high contingent coupon of 16.80% p.a. (monthly $14) that is paid only when META’s closing price on each monthly observation date is at or above the Coupon Barrier of $575.38 (80% of the $719.22 Initial Level). Any missed coupons may be recovered later under the Memory Interest feature.

Early redemption (“Automatic Call”): if META closes at or above the Initial Level on any observation date before maturity, BNS will call the notes and pay (i) principal, (ii) the current coupon, and (iii) any unpaid coupons. After a call, no further payments are due.

Principal repayment risk: if the notes are not called and META ends below the Conversion Level ($575.38) on the final valuation date (2 Jul 2026), investors receive physical settlement of 1.7380 META shares per note (cash for fractions). The share package will be worth less than the $1,000 face value—potentially a total loss—exposing investors to 100% downside from the Conversion Level.

Credit & liquidity considerations: payments depend on BNS’s credit; the notes are senior unsecured, not CDIC- or FDIC-insured, and will not be listed on an exchange. BNS estimates initial fair value at $962.60–$992.60, below the $1,000 issue price due to selling and hedging costs. Secondary market trading, if any, will occur via affiliates and may involve significant bid/ask spreads.

Key dates: Strike 1 Jul 2025; Trade 2 Jul 2025; Settlement 8 Jul 2025; monthly observations Aug 2025–Jun 2026; Final Valuation 2 Jul 2026; Maturity 8 Jul 2026.

Principal risks highlighted: contingent coupons may never be paid; loss of principal below Conversion Level; exposure to META single-stock volatility; potential conflicts in BNS hedging; uncertain tax treatment; and limited liquidity.

In short, the notes exchange high headline yield for significant equity-, credit-, and liquidity-risk, appropriate only for investors comfortable with potential full loss and complex payoff mechanics.