LightPath (LPTH) CEO Rubin Shmuel Receives RSU Award

What Happened

• Rubin Shmuel, President & CEO of LightPath Technologies Inc. (LPTH), received a grant of 39,381 restricted stock units (RSUs) on August 18, 2026. The filing lists this as an award (derivative security) and no purchase price or dollar value was reported.

Key Details

• Transaction date: 2026-08-18; Form 4 filed: 2026-09-25 (appears to be filed late relative to the standard 2-business-day deadline).
• Grant type: Restricted Stock Units (derivative; code "A" — award/grant).
• Shares/units granted: 39,381 RSUs. No cash paid; no per-share price reported (N/A).
• Vesting: RSUs vest equally over three years, with the first vesting on August 18, 2027 (each RSU converts to one share of Class A common stock upon vesting). (Footnotes F1, F2)
• Shares owned after transaction: Not disclosed in the provided filing.

Context

• This is a compensation award, not an open-market purchase or sale. RSU grants are common executive compensation and typically tie long-term pay to company performance or retention; they do not represent immediately tradable shares until they vest. The filing date suggests the Form 4 was submitted well after the grant date, which retail investors may view as a timeliness issue but does not change the substance of the award.