Form 4: LightPath CEO Shmuel Rubin Gifts Shares

LightPath Technologies CEO Shmuel Rubin reported gifting 13,020 shares of Class A common stock to a donor advised fund.

Summary

• Shmuel Rubin, who serves as Chief Executive Officer and Director of LightPath Technologies Inc. (LPTH), reported a change in his beneficial ownership.
• On December 19, 2025, Rubin gifted 13,020 shares of the company's Class A common stock.
• The shares were transferred to a donor advised fund, with a reported transaction price of $0.00 per share, indicating a gift.
• Following this transaction, Rubin's direct beneficial ownership stands at 231,653 shares of Class A common stock.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction (a gift) and does not reflect positively or negatively on the company's operational or financial performance.

Positives

• The transaction represents a philanthropic act by the CEO, gifting shares to a donor advised fund.

Negatives

• A reduction in the CEO's direct beneficial ownership of 13,020 shares, although for philanthropic purposes.

Future Outlook

NA

Industry Context

This is a routine insider transaction report (Form 4) and does not directly relate to broader industry trends or competitive landscape analysis.

Stakeholder Impact

• Minimal impact on shareholders as this represents a philanthropic gift rather than a sale for personal gain, and a relatively small percentage of the CEO's total holdings. No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

LightPath Technologies, LPTH, Shmuel Rubin, CEO, Director, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, Class A Common Stock