Form 4: LightPath Technologies Director Thomas Ellis Reports Acquisition of Restricted Stock Units

Thomas B. Ellis, a Director and 10% Owner of LightPath Technologies Inc. (LPTH), reported the acquisition of 6,968 restricted stock units (RSUs) on June 16, 2025, which are set to vest on November 20, 2025.

Summary

• Thomas B. Ellis, serving as both a Director and a 10% Owner of LightPath Technologies Inc. (LPTH), reported a transaction involving company securities.
• On June 16, 2025, Mr. Ellis acquired 6,968 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Class A common stock.
• These restricted stock units are scheduled to vest on November 20, 2025.
• Directors have the option to defer the receipt of the shares to a future date.
• Any unvested restricted stock units will vest immediately if the director leaves the board.
• The reported securities are directly held by North Run Capital, LP, and may be indirectly beneficially owned by North Run Advisors, LLC, as its general partner.
• Mr. Ellis may also be deemed to indirectly beneficially own these securities as a member of North Run Advisors, LLC.
• The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 6

Explanation: The acquisition of restricted stock units by a director and significant owner is generally viewed as a positive sign of alignment between management and shareholder interests, though it is a routine compensation event rather than a direct investment.

Positives

• The acquisition of restricted stock units by a director and significant owner aligns management's interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.
• The vesting schedule provides an incentive for the director to remain engaged with the company's long-term success.

Future Outlook

The acquired 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 option to defer receipt.

Industry Context

This filing is a routine disclosure of insider equity compensation, common across publicly traded companies. It reflects a standard practice of aligning director incentives with shareholder value through equity grants.

Corporate Governance

Related Party Transactions

• The reported securities are directly held by North Run Capital, LP, and may be indirectly beneficially owned by North Run Advisors, LLC (as the general partner) and by the Reporting Person (as a member of North Run Advisors, LLC). This indicates an indirect ownership structure through entities associated with the director.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the company's stock performance, potentially benefiting shareholders through improved governance and strategic decisions aimed at increasing share value.

Next Steps

• The restricted stock units are expected to vest on November 20, 2025, at which point they will convert into Class A common stock, unless the director elects to defer receipt.

Key Dates

Keywords

LightPath Technologies, LPTH, SEC Form 4, Insider Trading, Beneficial Ownership, Restricted Stock Units, Thomas B. Ellis, Director, 10% Owner, Equity Compensation