Thomas B. Ellis - May 25, 2023 Form 4 Insider Report for LENSAR, Inc. (LNSR)

Role
Director, 10%+ Owner
Signature
/s/ Thomas R. Staab, II, attorney-in-fact
Stock symbol
LNSR
Transactions as of
May 25, 2023
Transactions value $
$0
Form type
4
Date filed
6/6/2023, 05:17 PM
Next filing
May 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNSR Common Stock Award $0 +9.29K $0.00 9.29K May 25, 2023 Direct F1
holding LNSR Common Stock 1.1M May 25, 2023 See Footnotes F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LNSR Stock Option (Right to Buy) Award $0 +94.8K $0.00 94.8K May 25, 2023 Common Stock 94.8K $3.23 Direct F4
transaction LNSR Stock Option (Right to Buy) Award $0 +33.2K $0.00 33.2K May 25, 2023 Common Stock 33.2K $3.23 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of LENSAR, Inc. common stock. The RSUs vest in full on May 25, 2024, subject to the Reporting Person's continued service to the Issuer through the vesting date. The RSUs were granted in accordance with the Issuer's non-employee director compensation program as a component of the Reporting Person's annual compensation for service to the Issuer.
F2 The reported securities are directly held by North Run Capital, LP, and may be deemed to be indirectly beneficially owned by North Run Advisors, LLC as the general partner of North Run Capital, LP. The reported securities may also be deemed to be indirectly beneficially owned by the Reporting Person as a member of North Run Advisors, LLC.
F3 The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of beneficial ownership of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F4 The option vests as to one-third of the award on May 25, 2024 and, as to the remaining amount of the award, in twenty-four (24) substantially equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date. The option was granted in accordance with the Issuer's non-employee director compensation program as initial compensation for service to the Issuer.
F5 The option vests in twelve (12) substantially equal monthly installments commencing June 25, 2023, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date. The option was granted in accordance with the Issuer's non-employee director compensation program as a component of the Reporting Person's annual compensation for service to the Issuer.

Remarks:

Exhibit 24 - Power of Attorney.