LSI CFO exercises options, sells shares at $24.29

LSI Industries Executive VP and CFO James E. Galeese reported an exercise-and-sell transaction in company stock.

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Form Type

Rhea-AI Filing Summary

LSI Industries Executive VP and CFO James E. Galeese reported an exercise-and-sell transaction in company stock. On May 28, 2026, he exercised options covering a total of 136,578 common shares at exercise prices of $6.80, $3.83 and $4.94 per share.

He then sold 136,578 common shares in open-market transactions at a weighted average price of $24.29 per share, with individual sale prices ranging from $23.96 to $24.74. Following these transactions, Galeese directly owns 173,288 common shares of LSI Industries.

Insider Trade Summary

Exercise and Sale: 136,578 shares ($2.68M approx. pre-tax spread)

Exercise and Sale 9 txns

Insider Galeese James E

Role Executive VP; CFO

Sold 136,578 shs ($3.32M)

Approx. gross sale proceeds $3.32M

Approx. exercise cost $633K

Approx. pre-tax spread $2.68M

Type	Security	Shares	Price	Value
Exercise	Option to Buy	38,386	$0.00	$0.00
Exercise	Option to Buy	75,606	$0.00	$0.00
Exercise	Option to Buy	22,586	$0.00	$0.00
Exercise	Common Shares	38,386	$4.94	$190K
Sale	Common Shares	38,386	$24.29	$932K
Exercise	Common Shares	75,606	$3.83	$290K
Sale	Common Shares	75,606	$24.29	$1.84M
Exercise	Common Shares	22,586	$6.80	$154K
Sale	Common Shares	22,586	$24.29	$549K

Holdings After Transaction: Option to Buy — 0 contracts (Direct); Common Shares — 173,288 shares (Direct)

Footnotes (3)

F1. The reported price is a weighted average price. These shares were sold in multiple transactions ranging from $23.96 to $24.74. The Reporting Person undertakes to provide full pricing information to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission upon request.
F2. These holdings have been previously reported on Form 4.
F3. The options vest ratably over a three-year time period.

Key Figures

Shares sold: 136,578 shares Weighted average sale price: $24.29 per share Sale price range: $23.96–$24.74 per share +5 more

8 metrics

Shares sold 136,578 shares Open-market sales on May 28, 2026

Weighted average sale price $24.29 per share Common share sales on May 28, 2026

Sale price range $23.96–$24.74 per share Multiple sale transactions on May 28, 2026

Options exercised (total shares) 136,578 shares Derivative exercises into common shares on May 28, 2026

Option exercise price 1 $6.80 per share 22,586-share option tranche exercised

Option exercise price 2 $3.83 per share 75,606-share option tranche exercised

Option exercise price 3 $4.94 per share 38,386-share option tranche exercised

Shares held after transactions 173,288 shares Direct common share ownership after May 28, 2026

Key Terms

weighted average price, derivative exercise/conversion, Option to Buy, Executive VP; CFO, +2 more

6 terms

weighted average price financial

"The reported price is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Option to Buy financial

""security_title": "Option to Buy""

Executive VP; CFO financial

""officer_title": "Executive VP; CFO""

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

vest ratably over a three-year time period financial

"The options vest ratably over a three-year time period."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did LSI Industries (LYTS) CFO James Galeese report?

LSI Industries Executive VP and CFO James E. Galeese reported exercising options for 136,578 common shares, then selling 136,578 shares in open-market transactions. The activity occurred on May 28, 2026 and reflects an exercise-and-sell pattern rather than a pure open-market purchase.

At what prices did LSI Industries (LYTS) CFO sell his shares?

James Galeese sold 136,578 LSI Industries common shares at a weighted average price of $24.29 per share. Footnotes state the individual sale prices ranged from $23.96 to $24.74, executed across multiple transactions on May 28, 2026.

How many LSI Industries (LYTS) shares does the CFO hold after this Form 4?

After the reported transactions, CFO James Galeese directly owns 173,288 LSI Industries common shares. This post-transaction holding reflects his remaining equity stake following the option exercises and related open-market sales disclosed for May 28, 2026.

What stock options did the LSI Industries (LYTS) CFO exercise?

James Galeese exercised options to buy 136,578 LSI Industries common shares in three tranches of 22,586, 75,606 and 38,386 shares. The respective exercise prices were $6.80, $3.83 and $4.94 per share, and the options vest ratably over a three-year period.

Were the LSI Industries (LYTS) CFO’s sales on May 28, 2026 open-market transactions?

Yes. The Form 4 classifies the 136,578 LSI Industries shares sold by CFO James Galeese as open-market sales. The transaction code is “S,” described as a sale in open market or private transaction, with weighted average pricing and a detailed price range disclosed.

Does the LSI Industries (LYTS) Form 4 show remaining options for the CFO?

The filing shows options labeled as “Option to Buy” with totals reduced to zero following the May 28, 2026 exercises. Derivative transaction entries indicate exercises of 136,578 underlying common shares, and the derivative position table in the summary is empty afterward.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/01/2026 - 04:24 PM EDT

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^*

Galeese James E

(Last)

(First)

(Middle)

LSI INDUSTRIES INC.

10000 ALLIANCE RD

(Street)

CINCINNATI

OHIO

45202

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LSI INDUSTRIES INC [ LYTS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive VP; CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/28/2026		M		38,386	A	$4.94	211,674	D
Common Shares	05/28/2026		S		38,386	D	$24.29⁽¹⁾	173,288	D
Common Shares	05/28/2026		M		75,606	A	$3.83	248,894	D
Common Shares	05/28/2026		S		75,606	D	$24.29⁽¹⁾	173,288	D
Common Shares	05/28/2026		M		22,586	A	$6.8	195,874	D
Common Shares	05/28/2026		S		22,586	D	$24.29⁽¹⁾	173,288	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to Buy⁽²⁾	$4.94	05/28/2026		M			38,386	⁽³⁾	08/16/2028	Common Shares	38,386	$0	0	D
Option to Buy⁽²⁾	$3.83	05/28/2026		M			75,606	⁽³⁾	08/21/2029	Common Shares	75,606	$0	0	D
Option to Buy⁽²⁾	$6.8	05/28/2026		M			22,586	⁽³⁾	08/19/2030	Common Shares	22,586	$0	0	D

Explanation of Responses:

1. The reported price is a weighted average price. These shares were sold in multiple transactions ranging from $23.96 to $24.74. The Reporting Person undertakes to provide full pricing information to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission upon request.

2. These holdings have been previously reported on Form 4.

3. The options vest ratably over a three-year time period.

	/s/ F. Mark Reuter as Attorney-in-Fact for James E. Galeese	06/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR