[Form 4] LIGHTPATH TECHNOLOGIES INC Insider Trading Activity
Rhea-AI Filing Summary
North Run Strategic Opportunities Fund I, LP, a director and 10% owner of LightPath Technologies, reported multiple transactions in Class A common stock and Series G convertible preferred stock. On March 2, the fund converted 1,591 shares of Series G preferred into 740,000 Class A common shares at a stated conversion price of $2.15 per share, bringing its indirect Class A common holdings to 3,695,522 shares.
That same day, the fund executed an open-market sale of 238,991 Class A shares at a weighted average price of about $12.03 per share, reducing holdings to 3,456,531 shares. On March 3, it sold an additional 381,004 shares at a weighted average price of about $12.18, leaving 3,075,527 shares. On March 4, it sold a further 55,000 shares at a weighted average price of about $12.09, ending with 3,020,527 indirectly held shares. The securities are directly held by North Run Strategic Opportunities Fund I, LP and may be deemed indirectly beneficially owned by its general partner and certain members.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 55,000 | $12.09 | $665K |
| Sale | Class A Common Stock | 381,004 | $12.18 | $4.64M |
| Conversion | Series G Convertible Preferred Stock | 1,591 | $0.00 | -- |
| Conversion | Class A Common Stock | 740,000 | $2.15 | $1.59M |
| Sale | Class A Common Stock | 238,991 | $12.03 | $2.88M |
Footnotes (1)
- The reported securities are directly held by North Run Strategic Opportunities Fund I, LP, and may be deemed to be indirectly beneficially owned by North Run Strategic Opportunities Fund I GP, LLC as the general partner of North Run Strategic Opportunities Fund I, LP. The reported securities may also be deemed to be indirectly beneficially owned by Thomas B. Ellis and Todd B. Hammer as members of North Run Strategic Opportunities Fund I GP, LLC. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.0002 to $12.1608, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (4) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.30, inclusive. The price reported in Column 4 isa weighted average price. These shares were sold in multiple transactions at prices ranging from $12.02 to $12.164 inclusive. The preferred stock is perpetual and therefore has no expiration date.
