Rubin Shmuel 4

What Happened Rubin Shmuel, President & CEO of LightPath Technologies, converted (exercise/conversion, code M) 29,011 restricted stock units (RSUs) into Class A common stock on February 2, 2026. The filing does not report a per-share price or cash proceeds — the RSUs vested and were settled one-for-one into common shares. A portion of the shares was withheld to cover the employee's share of payroll taxes per the filing footnote.

Key Details

• Transaction date: 2026-02-02 (reported on Form 4 filed 2026-02-04).
• Transaction type/code: Conversion/exercise of a derivative (code M); RSU settlement per footnote F1.
• Shares acquired/issued: 29,011 shares (one-for-one conversion of RSUs).
• Price/proceeds: Not reported / N/A (settlement on vesting).
• Shares withheld: A portion withheld to satisfy payroll tax withholding (per footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Form 4 filed two days after the transaction date (appears timely).

Context This was a routine RSU vesting/settlement event — common executive compensation administration rather than an open-market buy or sell. Code M and the footnote indicate conversion/settlement on vesting and tax-withholding rather than a market sale; such events do not by themselves indicate the insider is buying or selling shares for investment reasons.