[Form 4] LSI Industries Inc Insider Trading Activity

Rhea-AI Filing Summary

LSI Industries Inc. (LYTS) filed a Form 4 disclosing that director Chantel E. Lenard acquired 1,305 common shares of the company on 01 July 2025 at a reported price of $17.24 per share. The transaction—coded “A” for acquisition—increased her direct ownership to 35,825 shares. No derivative securities were involved, and the filing does not reference a Rule 10b5-1 trading plan. Although the dollar value of the purchase is modest (≈ $23 k), insider buying generally aligns management interests with those of shareholders and can be interpreted as a signal of confidence. The filing is routine and does not alter the company’s fundamentals.

Positive

• Director increased direct ownership by 1,305 shares, signaling personal confidence in LYTS.
• Transaction reported promptly with no derivative instruments, supporting transparency and good governance.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small insider buy; positive signal but unlikely to move LYTS fundamentals.

The 1,305-share purchase represents less than 0.1 % of LYTS’s ~27 m share count, so the immediate financial impact is negligible. However, insider acquisitions—even modest ones—are often viewed favorably because they suggest confidence in future performance. Given the dollar size (~$23 k) and lack of accompanying strategic news, I view the filing as neutral from a valuation perspective. No change to earnings outlook or risk profile.

Corporate Governance Expert

TL;DR: Director adds shares, improving alignment; governance implications minimal.

Directors purchasing stock with personal funds help strengthen board-shareholder alignment. Ms. Lenard now holds 35,825 shares, enhancing her vested interest in performance. The trade was reported timely, with no derivative complexity, indicating adherence to Section 16 obligations. From a governance standpoint, the action is positive but not materially transformative; board composition and independence remain unchanged.

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^*

Lenard Chantel E

(Last) (First) (Middle)

10000 ALLIANCE RD.

(Street)

CINCINNATI OH 45242

(City) (State) (Zip)

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

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)
07/01/2025

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
Common Shares	07/01/2025		A		1,305	A	$17.24	35,825	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ F. M. Reuter as Attorney-in-Fact for Chantel E. Lenard	07/02/2025
	** 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

How many LSI Industries (LYTS) shares did Chantel Lenard buy?

1,305 common shares were acquired.

At what price were the LYTS shares purchased?

The reported purchase price was $17.24 per share.

What is Chantel Lenard's total LYTS share ownership after the trade?

She now directly owns 35,825 shares.

Was a Rule 10b5-1 trading plan used for this transaction?

The Form 4 does not indicate use of a Rule 10b5-1 plan.

Does this insider purchase materially affect LSI Industries' outlook?

Given the small dollar value (≈ $23 k), the purchase is not expected to materially impact the company’s financial outlook.