Form 4: LightPath Technologies Director Joseph Menaker Granted Restricted Stock Units

LightPath Technologies Inc. Director Joseph Menaker was granted 19,355 restricted stock units, which are set to vest on November 20, 2025.

Summary

• Joseph Menaker, a Director of LightPath Technologies Inc. (LPTH), was granted 19,355 restricted stock units (RSUs) on June 16, 2025.
• Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
• These RSUs are scheduled to vest on November 20, 2025.
• Directors have the option to defer the receipt of shares to a future date.
• Any unvested restricted stock units will vest immediately if the director leaves the board.
• Following this transaction, Joseph Menaker beneficially owns 249,093 derivative securities, specifically restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it's a routine compensation event, it signifies continued director involvement and alignment of interests with shareholders through equity ownership.

Positives

• The grant of restricted stock units to a director aligns the director's interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• The vesting schedule encourages long-term commitment and retention of the director.

Risks

• The value of the restricted stock units is subject to the future performance of LightPath Technologies Inc.'s Class A common stock, meaning the actual value realized by the director could be lower than the grant-date value if the stock price declines.

Future Outlook

The granted restricted stock units are set to vest on November 20, 2025, at which point they will convert into Class A common stock, subject to the director's election to defer receipt.

Industry Context

The grant of restricted stock units is a common form of equity compensation for directors in publicly traded companies, aiming to align their long-term interests with shareholder value creation. This practice is standard across various industries, including technology and optics, where LightPath Technologies operates.

Related Party Transactions

• The grant of 19,355 restricted stock units to Joseph Menaker, a Director of LightPath Technologies Inc., constitutes a related party transaction as it involves compensation to a member of the company's board.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's financial interests with the company's stock performance, potentially encouraging decisions that benefit long-term shareholder value.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The 19,355 restricted stock units are expected to vest on November 20, 2025, converting into Class A common stock.

Key Dates

Keywords

LightPath Technologies, LPTH, Joseph Menaker, Restricted Stock Units, RSU, SEC Form 4, Insider Transaction, Director Compensation, Equity Grant, Stock Ownership