LYTS (NASDAQ: LYTS) filing lists 60,000-share option exercise and award lots

Rhea-AI Filing Summary

LYTS notice of proposed sale lists securities tied to option exercise and equity awards. The filing itemizes a Stock Option Exercise of 60,000 shares dated 05/28/2026 and multiple grant items described as Performance Shares and Restricted Stock with grant dates and share counts.

Insights

Securities Compliance Analyst

Administrative resale notice listing option exercise and award lots.

The excerpt lists a proposed sale tied to a Stock Option Exercise of 60,000 shares dated 05/28/2026, plus several performance-share and restricted-stock grant lots with their grant dates and share counts. The filing appears to be a procedural notification.

Cash‑flow treatment and purchaser/underwriter details are not included in the excerpt; subsequent filings or broker confirmations would show actual sale execution and proceeds.

Key Figures

Stock option exercise: 60,000 shares Performance Shares (2022): 13,726 shares Restricted Stock (2022): 3,253 shares +4 more

7 metrics

Stock option exercise 60,000 shares Stock Option Exercise dated 05/28/2026

Performance Shares (2022) 13,726 shares Grant dated 08/17/2022

Restricted Stock (2022) 3,253 shares Grant dated 10/06/2022

Performance Shares (2023) 11,600 shares Grant dated 08/16/2023

Restricted Stock (2023) 2,449 shares Grant dated 10/06/2023

Performance Shares (2024) 15,749 shares Grant dated 08/15/2024

Restricted Stock (2024) 2,449 shares Grant dated 10/06/2024

Key Terms

Stock Option Exercise, Performance Shares, Restricted Stock, Form 144

4 terms

Stock Option Exercise financial

"Stock Option Exercise of 60000 dated 05/28/2026"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Performance Shares financial

"Performance Shares 13726 08/17/2022"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Restricted Stock financial

"Restricted Stock 3253 10/06/2022"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Form 144 regulatory

"Filer Information 144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

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
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	109226	2653507.99	36712404	05/28/2026	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 *
Common	05/28/2026	Stock Option Exercise	Issuer			60000	05/28/2026	Cash
Common	08/17/2022	Performance Shares	Issuer			13726	08/17/2022	Not Applicable
Common	10/06/2022	Restricted Stock	Issuer			3253	10/06/2022	Not Applicable
Common	08/16/2023	Performance Shares	Issuer			11600	08/16/2023	Not Applicable
Common	10/06/2023	Restricted Stock	Issuer			2449	10/06/2023	Not Applicable
Common	08/15/2024	Performance Shares	Issuer			15749	08/15/2024	Not Applicable
Common	10/06/2024	Restricted Stock	Issuer			2449	10/06/2024	Not Applicable

* 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 does the LYTS Form 144 disclose about the 60,000 shares?

The filing lists a Stock Option Exercise of 60,000 shares dated 05/28/2026. It identifies the exercise and proposed sale but does not state sale price or proceeds in the excerpt.

Which equity awards are mentioned in the LYTS notice?

The notice itemizes multiple awards: Performance Shares (13,726; 11,600; 15,749) and Restricted Stock (3,253; 2,449; 2,449) with grant dates from 08/17/2022 to 10/06/2024. These counts are listed next to each grant date.

Does the excerpt show who will receive proceeds from the LYTS sale?

The excerpt does not state proceeds recipients. It lists the broker and security items but does not specify whether proceeds go to the issuer or selling holders in the provided text.

Is timing for the LYTS sale execution provided in the filing?

The filing records the exercise date 05/28/2026 for the 60,000 shares, but it does not provide an explicit sale execution date or confirmation of completed transactions in the excerpt.

Who is the broker listed on the LYTS filing?

The excerpt names Morgan Stanley Smith Barney LLC at 1 New York Plaza as the broker. That broker address is included in the filer information in the provided text.