LYTS insider buys 948 shares at $23.73 — Form 4 disclosure

Ernest W. Marshall Jr., a director of LSI Industries Inc. (LYTS), purchased 948 common shares on 10/01/2025 at a reported price of $23.73 per share.

Rhea-AI Filing Summary

Ernest W. Marshall Jr., a director of LSI Industries Inc. (LYTS), purchased 948 common shares on 10/01/2025 at a reported price of $23.73 per share. After the transaction he beneficially owned 19,352 shares. The Form 4 was signed by an attorney-in-fact on 10/03/2025.

This filing simply reports an insider purchase and the resulting ownership level; it does not include any commentary on intent or additional transactions.

Positive

• Director purchase of 948 shares at $23.73, increasing insider ownership to 19,352 shares

Negative

• None.

Insights

Corporate Governance Expert

Insider purchase shows director increased stake by 948 shares at $23.73.

This Form 4 documents a straightforward open-market acquisition by a director, raising his beneficial ownership to 19,352 shares. Such purchases are commonly interpreted as a signal that the reporting person chose to add to their position, but the filing contains no statement of intent or material events beyond the trade.

The transaction is limited in size relative to most public companies; the filing provides no additional contractual terms, derivative activity, or timing rationale, so its standalone material impact on company valuation is likely limited.

Insider Trade Summary

Grant/Award: 948 shares

Grant/Award 1 txn

Insider MARSHALL ERNEST W JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	948	$23.73	$22K

Holdings After Transaction: Common Shares — 19,352 shares (Direct)

FAQ

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

What did the Form 4 filed for LYTS disclose?

The Form 4 shows director Ernest W. Marshall Jr. bought 948 common shares on 10/01/2025 at $23.73, owning 19,352 shares after the trade.

Who reported the transaction on the LYTS Form 4?

The reporting person is Ernest W. Marshall Jr., identified as a Director; the form was signed by an attorney-in-fact on 10/03/2025.

Was the Form 4 filing an acquisition or disposition?

It reports an acquisition (transaction code A) of 948 common shares.

Does the Form 4 show any derivative transactions for LYTS?

No. Table II for derivative securities contains no reported transactions in this filing.

Does this Form 4 state any change in officer status or other corporate actions?

No. The filing only reports the share purchase and resulting beneficial ownership; it contains no officer changes or other corporate actions.

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

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Accepted by SEC EDGAR 10/03/2025 - 08:55 AM Learn about SEC filing dates

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).

1. Name and Address of Reporting Person^*

MARSHALL ERNEST W JR

(Last) (First) (Middle)

C/O LSI INDUSTRIES INC.

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)
10/01/2025

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	10/01/2025		A		948	A	$23.73	19,352	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 Ernest W. Marshall, Jr.	10/03/2025
	** 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.