HAMMER TODD B 4

What Happened

• Todd B. Hammer, reported as a 10% owner, was granted 17,421 restricted stock units (RSUs) by LENSAR, Inc. on June 3, 2026. The award is reported at $0.00 per share (total reported value $0) because it is an equity grant rather than a cash purchase.
• The RSUs were granted under the company’s non-employee director compensation program as annual compensation. This is an award/grant (not a buy or sell) and is typically part of director compensation rather than open-market trading.

Key Details

• Transaction date: June 3, 2026; Form 4 filed June 5, 2026 (appears timely — Form 4 is due within two business days).
• Award: 17,421 RSUs at $0.00 per share; reported aggregate value $0 (grant/award code A).
• Vesting/settlement: RSUs vest in full on June 3, 2027 subject to continued service, and will be settled upon the earlier of termination of service, a change in control, or death/disability (see footnote F1).
• Ownership reporting: The securities are directly held by North Run Capital, LP and may be indirectly owned by North Run Advisors, LLC and the Reporting Person as a member (footnote F2). The reporting person disclaims beneficial ownership except to the extent of pecuniary interest (footnote F3).
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• RSUs are a deferred equity award: they convert into shares upon vesting (or specified settlement events). Because this was a director compensation grant (not a market purchase), it should be viewed as routine compensation rather than a direct signal of buy/sell sentiment.
• The reporting person is identified as a 10% owner and the award is held through an entity (institutional/partnership structure), so this transaction reflects director compensation and entity-level holdings rather than a simple personal open-market trade.