Form 4: LightPath CFO acquires 7,359 shares via RSUs

CFO Miranda Albert received 7,359 Class A shares upon RSU vesting, increasing direct holdings to 62,595; shares were withheld to cover taxes.

Summary

• On 11/17/2025, Chief Financial Officer Miranda Albert acquired 7,359 shares of LightPath Technologies Class A common stock via restricted stock unit (RSU) settlement (transaction code M).
• RSUs converted to common stock on a one-for-one basis upon vesting; a portion of shares was withheld to satisfy the employee’s payroll tax obligations.
• Post-transaction, direct beneficial ownership stands at 62,595 shares.
• The Form 4 was executed by attorney-in-fact Natalie King on 11/18/2025.

Sentiment

Score: 6

Explanation: Routine RSU vesting with increased insider ownership and no open-market sales; neutral-to-slightly-positive signaling.

Positives

• Increase in insider ownership by the CFO: +7,359 shares acquired upon RSU vesting.
• Direct holdings now total 62,595 shares, indicating ongoing equity alignment.
• No open-market sales disclosed; shares were only withheld for taxes, which is standard compliance practice.

Future Outlook

No forward-looking statements or guidance; this is a routine RSU vesting and tax withholding event.

Management Comments

• Restricted stock units were settled into Class A Common Stock on a one-for-one basis upon vesting. Shares were withheld to cover the employee's share of payroll taxes.

Industry Context

Routine insider RSU vesting and tax withholding are standard practices across photonics and semiconductor component peers and are not indicative of near-term operating performance.

Comparison to Industry Standards

• Equity compensation via RSUs for senior executives is standard across optics/photonics peers (e.g., Coherent (COHR), Lumentum (LITE), Infinera (INFN)), with similar tax-withholding upon vesting.
• Section 16 reporting of RSU settlements (Code M) aligns with common practice at small- and mid-cap technology manufacturers.
• No deviation from typical insider reporting norms; no open-market selling contrasts with some peers where vesting events can be paired with discretionary sales.

Stakeholder Impact

• Minor change in insider holdings with no operational impact disclosed.
• Standard equity compensation practice supports executive alignment without indicating changes to strategy or financial outlook.
• No market sales disclosed, reducing potential negative signaling to shareholders.

Key Dates

Keywords

LightPath Technologies, LPTH, Form 4, insider transaction, restricted stock units, RSU vesting, beneficial ownership, Chief Financial Officer, tax withholding, Section 16