LightPath (LPTH) CFO Miranda Albert Exercises Derivative for 12,103 Shares

What Happened
Miranda Albert, Chief Financial Officer of LightPath Technologies (LPTH), reported an exercise/conversion of a derivative on February 2, 2026, resulting in 12,103 Class A common shares being acquired. The filing does not list a per-share price or total dollar value (reported as N/A). The Form 4 indicates these were restricted stock units (RSUs) settled on a one-for-one basis upon vesting; a portion of the shares was withheld to cover the employee's payroll tax obligation.

Key Details

• Transaction date: 2026-02-02 (reported on Form 4 filed 2026-02-04 — within the typical 2-business-day filing window).
• Transaction code: M (exercise or conversion of a derivative); price shown as N/A in the filing.
• Shares reported acquired: 12,103.
• Shares owned after transaction: Not specified in the filing.
• Footnote: RSUs settled one-for-one into Class A common stock; shares were withheld for payroll taxes (tax-withholding).
• Filing timeliness: Report appears timely (filed two days after the transaction).

Context
This was an RSU settlement/conversion rather than an open-market purchase or sale. The filing does not show an immediate sale of the shares (no cashless sale reported), so this reflects vesting/settlement of compensation rather than an expressed buy or sell decision. For retail investors, such transactions are typically part of routine executive compensation and do not alone indicate a change in the insider’s view of the company.