4//SEC Filing
HAMMER TODD B 4
Accession 0001654954-26-000151
CIK 0000889971other
Filed
Jan 6, 7:00 PM ET
Accepted
Jan 7, 7:39 PM ET
Size
23.7 KB
Accession
0001654954-26-000151
Insider Transaction Report
Form 4
HAMMER TODD B
Other
Transactions
- Disposition to Issuer
Convertible Promissory Note
2025-12-31$2.15/sh−1,860,465$4,000,000→ 0 total(indirect: See footnotes)→ Class A Common Stock (1,860,465 underlying) - Exercise of In-Money
Class A Common Stock
2026-01-05$2.58/sh+3,499,289$9,028,166→ 3,499,289 total(indirect: See footnotes) - Sale
Class A Common Stock
2026-01-05$11.72/sh−770,321$9,028,162→ 2,728,968 total(indirect: See footnotes) - Exercise of In-Money
Class A Common Stock Purchase Warrants (Right to Buy)
2026-01-05−3,499,289→ 0 total(indirect: See footnotes)Exercise: $2.58From: 2025-02-18Exp: 2031-02-18→ Class A Common Stock (3,499,289 underlying)
North Run Strategic Opportunities Fund I, LP
Director10% Owner
Transactions
- Exercise of In-Money
Class A Common Stock
2026-01-05$2.58/sh+3,499,289$9,028,166→ 3,499,289 total(indirect: See footnotes) - Sale
Class A Common Stock
2026-01-05$11.72/sh−770,321$9,028,162→ 2,728,968 total(indirect: See footnotes) - Disposition to Issuer
Convertible Promissory Note
2025-12-31$2.15/sh−1,860,465$4,000,000→ 0 total(indirect: See footnotes)→ Class A Common Stock (1,860,465 underlying) - Exercise of In-Money
Class A Common Stock Purchase Warrants (Right to Buy)
2026-01-05−3,499,289→ 0 total(indirect: See footnotes)Exercise: $2.58From: 2025-02-18Exp: 2031-02-18→ Class A Common Stock (3,499,289 underlying)
Transactions
- Exercise of In-Money
Class A Common Stock
2026-01-05$2.58/sh+3,499,289$9,028,166→ 3,499,289 total(indirect: See footnotes) - Sale
Class A Common Stock
2026-01-05$11.72/sh−770,321$9,028,162→ 2,728,968 total(indirect: See footnotes) - Disposition to Issuer
Convertible Promissory Note
2025-12-31$2.15/sh−1,860,465$4,000,000→ 0 total(indirect: See footnotes)→ Class A Common Stock (1,860,465 underlying) - Exercise of In-Money
Class A Common Stock Purchase Warrants (Right to Buy)
2026-01-05−3,499,289→ 0 total(indirect: See footnotes)Exercise: $2.58From: 2025-02-18Exp: 2031-02-18→ Class A Common Stock (3,499,289 underlying)
NORTH RUN GP, LP
Other
Transactions
- Exercise of In-Money
Class A Common Stock
2026-01-05$2.58/sh+3,499,289$9,028,166→ 3,499,289 total(indirect: See footnotes) - Sale
Class A Common Stock
2026-01-05$11.72/sh−770,321$9,028,162→ 2,728,968 total(indirect: See footnotes) - Disposition to Issuer
Convertible Promissory Note
2025-12-31$2.15/sh−1,860,465$4,000,000→ 0 total(indirect: See footnotes)→ Class A Common Stock (1,860,465 underlying) - Exercise of In-Money
Class A Common Stock Purchase Warrants (Right to Buy)
2026-01-05−3,499,289→ 0 total(indirect: See footnotes)Exercise: $2.58From: 2025-02-18Exp: 2031-02-18→ Class A Common Stock (3,499,289 underlying)
Transactions
- Exercise of In-Money
Class A Common Stock
2026-01-05$2.58/sh+3,499,289$9,028,166→ 3,499,289 total(indirect: See footnotes) - Sale
Class A Common Stock
2026-01-05$11.72/sh−770,321$9,028,162→ 2,728,968 total(indirect: See footnotes) - Disposition to Issuer
Convertible Promissory Note
2025-12-31$2.15/sh−1,860,465$4,000,000→ 0 total(indirect: See footnotes)→ Class A Common Stock (1,860,465 underlying) - Exercise of In-Money
Class A Common Stock Purchase Warrants (Right to Buy)
2026-01-05−3,499,289→ 0 total(indirect: See footnotes)Exercise: $2.58From: 2025-02-18Exp: 2031-02-18→ Class A Common Stock (3,499,289 underlying)
ELLIS THOMAS B
Director10% Owner
Transactions
- Exercise of In-Money
Class A Common Stock
2026-01-05$2.58/sh+3,499,289$9,028,166→ 3,499,289 total(indirect: See footnotes) - Sale
Class A Common Stock
2026-01-05$11.72/sh−770,321$9,028,162→ 2,728,968 total(indirect: See footnotes) - Disposition to Issuer
Convertible Promissory Note
2025-12-31$2.15/sh−1,860,465$4,000,000→ 0 total(indirect: See footnotes)→ Class A Common Stock (1,860,465 underlying) - Exercise of In-Money
Class A Common Stock Purchase Warrants (Right to Buy)
2026-01-05−3,499,289→ 0 total(indirect: See footnotes)Exercise: $2.58From: 2025-02-18Exp: 2031-02-18→ Class A Common Stock (3,499,289 underlying)
Bosco Michael
Other
Transactions
- Exercise of In-Money
Class A Common Stock
2026-01-05$2.58/sh+3,499,289$9,028,166→ 3,499,289 total(indirect: See footnotes) - Sale
Class A Common Stock
2026-01-05$11.72/sh−770,321$9,028,162→ 2,728,968 total(indirect: See footnotes) - Disposition to Issuer
Convertible Promissory Note
2025-12-31$2.15/sh−1,860,465$4,000,000→ 0 total(indirect: See footnotes)→ Class A Common Stock (1,860,465 underlying) - Exercise of In-Money
Class A Common Stock Purchase Warrants (Right to Buy)
2026-01-05−3,499,289→ 0 total(indirect: See footnotes)Exercise: $2.58From: 2025-02-18Exp: 2031-02-18→ Class A Common Stock (3,499,289 underlying)
Transactions
- Exercise of In-Money
Class A Common Stock
2026-01-05$2.58/sh+3,499,289$9,028,166→ 3,499,289 total(indirect: See footnotes) - Sale
Class A Common Stock
2026-01-05$11.72/sh−770,321$9,028,162→ 2,728,968 total(indirect: See footnotes) - Disposition to Issuer
Convertible Promissory Note
2025-12-31$2.15/sh−1,860,465$4,000,000→ 0 total(indirect: See footnotes)→ Class A Common Stock (1,860,465 underlying) - Exercise of In-Money
Class A Common Stock Purchase Warrants (Right to Buy)
2026-01-05−3,499,289→ 0 total(indirect: See footnotes)Exercise: $2.58From: 2025-02-18Exp: 2031-02-18→ Class A Common Stock (3,499,289 underlying)
Footnotes (4)
- [F1]On January 5, 2026, North Run Strategic Opportunities Fund I, LP exercised a warrant to purchase 3,499,289 shares of the Issuer's Class A common stock for $2.58 per share. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 770,321 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 2,728,968 shares.
- [F2]On February 18, 2025, the Issuer issued to North Run - Due North Partners, LP a senior secured promissory note (the "Promissory Note") with an initial principal amount of $4 million. Upon the occurrence of certain circumstances, North Run - Due North Partners, LP would receive 4,000 shares of Issuer's Series G Convertible Preferred Stock, which at issuance would be convertible into 1,860,465 shares of Common Stock. The Promissory Note became payable on March 3, 2025 and did not have an expiration date. The Promissory Note was repaid in full by the Issuer on December 31, 2025.
- [F3]The reported securities were directly held by North Run - Due North Partners, LP, and may have been deemed to be indirectly beneficially owned by North Run GP, LP as the general partner of North Run - Due North Partners, LP, and may have been deemed to be indirectly beneficially owned by North Run Advisors, LLC as the general partner of North Run GP, LP. The reported securities may have been deemed to be indirectly beneficially owned by Thomas B. Ellis and Todd B. Hammer as members of North Run Strategic Opportunities Fund I GP, LLC. The reported securities may also have been deemed to be indirectly beneficially owned by Thomas B. Ellis, Todd B. Hammer and Michael Bosco as limited partners of North Run - Due North Partners, LP.
- [F4]The reported securities are directly held by North Run Strategic Opportunities Fund I, LP, and may be deemed to be indirectly beneficially owned by North Run Strategic Opportunities Fund I GP, LLC as the general partner of North Run Strategic Opportunities Fund I, LP. The reported securities may also be deemed to be indirectly beneficially owned by Thomas B. Ellis and Todd B. Hammer as members of North Run Strategic Opportunities Fund I GP, LLC.
Documents
Issuer
LIGHTPATH TECHNOLOGIES INC
CIK 0000889971
Entity typeother
Related Parties
1- filerCIK 0001283775
Filing Metadata
- Form type
- 4
- Filed
- Jan 6, 7:00 PM ET
- Accepted
- Jan 7, 7:39 PM ET
- Size
- 23.7 KB