LSI EVP sells 109K shares after option exercise
LSI Industries executive Thomas A. Caneris reported a large option exercise and share sale in LSI Industries Inc. common stock.
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Form Type
4
Rhea-AI Filing Summary
LSI Industries executive Thomas A. Caneris reported a large option exercise and share sale in LSI Industries Inc. common stock. On May 28, 2026, he exercised options to acquire 60,000 common shares at an exercise price of $4.04 per share and sold 109,226 common shares in open-market transactions at a weighted average price of $24.29 per share, with individual trades ranging from $24.02 to $24.42. After these transactions, he directly holds 64,790 common shares and 40,000 remaining options to buy additional shares.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Caneris Thomas A
Role
EVP, HR and General Counsel
Sold
109,226 shs ($2.65M)
Approx. gross sale proceeds
$2.65M
Approx. exercise cost
$242K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to Buy | 60,000 | $0.00 | $0.00 |
| Exercise | Common Shares | 60,000 | $4.04 | $242K |
| Sale | Common Shares | 60,000 | $24.29 | $1.46M |
| Sale | Common Shares | 8,151 | $24.29 | $198K |
| Sale | Common Shares | 41,075 | $24.29 | $998K |
Holdings After Transaction:
Option to Buy — 40,000 contracts (Direct);
Common Shares — 64,790 shares (Direct)
Footnotes (3)
- F1. The reported price is a weighted average price. These shares were sold in multiple transactions ranging from $24.02 to $24.42. 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. Non-qualified stock option granted pursuant to the Employment Offer Letter dated June 13, 2019 between the Reporting Person and the Issuer as an inducement award aside the Issuer's 2012 Stock Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The option vests as follows: 100,000 shares on August 5, 2022. The vesting of the option is subject to the Reporting Person's continued employment with the Issuer as SVP, HR and General Counsel on August 5, 2022.
Key Figures
Shares sold: 109,226 shares
Sale price (weighted average): $24.29 per share
Sale price range: $24.02–$24.42 per share
+4 more
7 metrics
Shares sold
109,226 shares
Total common shares sold on May 28, 2026
Sale price (weighted average)
$24.29 per share
Weighted average sale price for common shares
Sale price range
$24.02–$24.42 per share
Price range of individual sale transactions
Options exercised
60,000 shares
Common shares acquired via option exercise
Option exercise price
$4.04 per share
Exercise price of non-qualified stock option
Shares held after
64,790 shares
Direct common share holdings after transactions
Options remaining
40,000 options
Remaining option to buy common shares after exercise
Key Terms
weighted average price, Non-qualified stock option, inducement award, NASDAQ Listing Rule 5635(c)(4)
4 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.
Non-qualified stock option financial
"Non-qualified stock option granted pursuant to the Employment Offer Letter"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
inducement award financial
"as an inducement award aside the Issuer's 2012 Stock Incentive Plan"
An inducement award is a special cash or equity payment given to a new hire—often an executive or key employee—outside the company’s regular pay plans to persuade them to join. Think of it like a signing bonus that can align the new person’s goals with shareholders but also represents a cost and can reduce existing owners’ percentage of the company, so investors watch these awards for their impact on ownership and future performance.
NASDAQ Listing Rule 5635(c)(4) regulatory
"in accordance with NASDAQ Listing Rule 5635(c)(4)."
NASDAQ Listing Rule 5635(c)(4) is a rule that requires a company to get approval from its shareholders before selling a large amount of its shares, usually over 20%. This helps protect investors by making sure the company doesn't flood the market with new shares without their say, which could lower the stock's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did LYTS executive Thomas Caneris report?
Thomas A. Caneris reported exercising 60,000 stock options and selling 109,226 LSI Industries (LYTS) common shares. The sales were open-market transactions at a weighted average price of $24.29 per share on May 28, 2026, following the option exercise.
What options did Thomas Caneris exercise in his LYTS Form 4 filing?
He exercised a non-qualified stock option for 60,000 LSI Industries (LYTS) common shares at an exercise price of $4.04 per share. These options were granted as an inducement award under an employment offer letter and had previously vested on August 5, 2022.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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