LightPath Technologies (LPTH) CFO Miranda Albert Receives Award

What Happened
Miranda Albert, Chief Financial Officer of LightPath Technologies (LPTH), was granted 17,091 restricted stock units (RSUs) on August 18, 2026. Each RSU represents a contingent right to receive one share of Class A common stock; no cash changed hands and no per-share price is reported. This was an award (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-18 (Form filed 2026-09-25 — filing was late relative to the usual 2-business-day Form 4 deadline).
• Transaction type/code: A — Award/Grant (derivative award: RSUs).
• Units granted: 17,091 RSUs; per-footnote each RSU converts to one share upon vesting.
• Price/Value reported: N/A (no purchase price because this is a compensation grant).
• Shares owned after transaction: Not specified on this Form 4.
• Vesting: RSUs vest equally over three years; first vesting date is August 18, 2027 (per filing footnote).

Context
RSU grants are a common form of executive compensation meant to retain employees and align incentives; they do not represent immediately transferable shares until they vest. Because the filing came nearly five weeks after the grant date, transparency was reduced for that period — late filings can delay investor visibility into insider compensation but do not by themselves indicate trading intent.