2.0M Class A Shares Proposed Sale (NASDAQ: LPTH) by Affiliate

Rhea-AI Filing Summary

Glen Eagle Wealth LLC filed a Form 144 to sell 2,000,000 shares of Class A Common Stock for an aggregate $23,960,000.

The filing lists these shares as issued upon the 02/18/2025 conversion of Series G Convertible Preferred Stock and references Nasdaq trading as of 03/04/2026. The excerpt also shows multiple recent sales by North Run Strategic Opportunities Fund I, LP with dated transactions and specific share counts in February–March 2026.

Insights

Securities Attorney

Form 144 documents an affiliate resale of 2,000,000 Class A shares tied to a prior conversion.

The excerpt shows the shares were issued upon conversion of Series G Convertible Preferred Stock on 02/18/2025 and are listed for sale with an aggregate figure of $23,960,000. The filing format and dated trade table are consistent with Rule 144 resale notices by affiliates.

Review the conversion and any transfer restrictions recorded at issuance and confirm whether Rule 144 holding-period or volume limitations apply before sale; subsequent filings may disclose those mechanics.

Capital Markets Analyst

The filing quantifies potential overhang: 2,000,000 shares relative to disclosed trades in Feb–Mar 2026.

The excerpt lists sequential outright sales by North Run Strategic Opportunities Fund I, LP on dates from 02/20/2026 through 03/04/2026, with per‑day counts such as 595,573, 131,281, and 381,004. These entries document executed dispositions by a separate holder in the same period.

Observe trading cadence in subsequent public filings or broker reports; the registered quantity and recent transactions together indicate potential additional supply pressure if sales continue.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Glen Eagle Wealth LLC 4428C Route 27 Kingston NJ 08528	2000000	23960000.00	59708603	03/04/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	02/18/2025	Conversion of Series G Convertible Preferred Stock originally acquired in private placement on 2/18/2025	Issuer			2000000	02/18/2025	Conversion of Series G Convertible Preferred Stock

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
North Run Strategic Opportunities Fund I, LP 867 Boylston Street 5th Floor, #1361 Boston MA 02116	Class A Common Stock	02/20/2026	595573	7459742.48
North Run Strategic Opportunities Fund I, LP 867 Boylston Street 5th Floor, #1361 Boston MA 02116	Class A Common Stock	02/23/2026	6500	78074.13
North Run Strategic Opportunities Fund I, LP 867 Boylston Street 5th Floor, #1361 Boston MA 02116	Class A Common Stock	02/24/2026	131281	1577640.14
North Run Strategic Opportunities Fund I, LP 867 Boylston Street 5th Floor, #1361 Boston MA 02116	Class A Common Stock	02/25/2026	300092	3654771.68
North Run Strategic Opportunities Fund I, LP 867 Boylston Street 5th Floor, #1361 Boston MA 02116	Class A Common Stock	03/02/2026	238991	2876234.29
North Run Strategic Opportunities Fund I, LP 867 Boylston Street 5th Floor, #1361 Boston MA 02116	Class A Common Stock	03/03/2026	381004	4641115.09
North Run Strategic Opportunities Fund I, LP 867 Boylston Street 5th Floor, #1361 Boston MA 02116	Class A Common Stock	03/04/2026	55000	664818.42

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does LPTH's Form 144 disclose about the sale?

It discloses a proposed sale of 2,000,000 Class A shares for an aggregate $23,960,000, linked to a prior conversion on 02/18/2025. The filing lists Nasdaq and a 03/04/2026 reference date.

Were the shares originally issued from a conversion?

Yes. The excerpt states the Class A shares were issued upon conversion of Series G Convertible Preferred Stock on 02/18/2025. That conversion date is shown verbatim in the filing text.

Which other holder's trades appear in the filing excerpt?

The excerpt shows multiple sales by North Run Strategic Opportunities Fund I, LP on dates between 02/20/2026 and 03/04/2026, with individual trade sizes listed such as 595,573 and 381,004 shares.

Does the filing state who receives the sale proceeds?

The excerpt provides an aggregate dollar figure of $23,960,000 tied to the 2,000,000 shares, but it does not allocate proceeds to a recipient within the provided text.

Is the 2,000,000 share figure the amount being offered for sale?

Yes. The filing lists 2,000,000 shares alongside an aggregate amount of $23,960,000, indicating that quantity is the proposed resale amount disclosed in the excerpt.