ELLIS THOMAS B 4

What Happened
Thomas B. Ellis (reported as a 10% owner) was granted 17,421 restricted stock units (RSUs) by LENSAR, Inc. on June 3, 2026. The RSUs were awarded at a $0 acquisition price (code A — award/grant) as part of the company’s non‑employee director compensation program. Each RSU represents a contingent right to one share of common stock and will convert to shares upon settlement (subject to vesting and other conditions).

Key Details

• Transaction date: June 3, 2026; Form 4 filed June 5, 2026 (appears timely).
• Award: 17,421 RSUs; acquisition price reported as $0.00 (no cash paid).
• Vesting/settlement: RSUs vest in full on June 3, 2027, subject to continued service; they will be settled upon the earliest of termination of service, a change in control, or death/disability (per footnote).
• Ownership after transaction: Not specified in the filing.
• Beneficial ownership notes: Reported securities are directly held by North Run Capital, LP and may be indirectly held via North Run Advisors, LLC; the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• RSUs are a compensation award (non‑cash) that convert to shares upon vesting/settlement; this is not an open‑market purchase or sale.
• As the filing involves a 10% owner and an institutional vehicle (North Run Capital, LP), the entry reflects compensation/ownership structure rather than a typical insider buy/sell signal.
• The filing contains standard disclaimers about beneficial ownership and does not itself indicate the insider’s intent to buy or sell stock.