March 25, 2026 · Form 4 insider transaction
North Run Strategic Opportunities Fund I, LP bought 740,000 shares of LIGHTPATH TECHNOLOGIES INC at $2.15 per share, a transaction worth $1.59M. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 1 day after the transaction.
On March 25, 2026, the reporting persons converted 1,591 shares of the Issuer's Series G Convertible Preferred Stock into 740,000 shares of Class A Common Stock at a conversion price of $2.15 per share. No cash consideration was paid in connection with the conversion.; 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.