Form 4: LightPath Technologies Former Director Settles Restricted Stock Units
SEC Form 4 Filing
Louis Leeburg, a former director of LightPath Technologies, settled restricted stock units into Class A common stock on April 30, 2024, resulting in a change in beneficial ownership.
Summary
- On April 30, 2024, Louis Leeburg, a former director of LightPath Technologies, settled restricted stock units into Class A common stock.
- This transaction resulted in the acquisition of 502,109 shares of Class A common stock.
- Following the transaction, Leeburg beneficially owns 617,300 shares of Class A common stock directly.
Sentiment
Score: 5
Explanation: This is a neutral report of a transaction. It doesn't indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction: Restricted stock units settled into Class A Common Stock |
| 05/22/2024 | Date of signature on the Form 4 filing |
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