Austin Russell - Dec 23, 2024 Form 4 Insider Report for Luminar Technologies, Inc./DE (LAZR)

Role: Chairperson, President & CEO, Director, 10%+ Owner
Signature: /s/ Austin Russell
Stock symbol: LAZR
Transactions as of: Dec 23, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/26/2024, 08:51 PM
Previous filing: May 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAZR	Class A Common Stock	Conversion of derivative security		+1.6M	+522.1%		1.91M	Dec 23, 2024	Direct	F1, F2
transaction	LAZR	Class A Common Stock	Gift	$0	-1.91M	-100%	$0.00	0	Dec 23, 2024	Direct	F1, 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	LAZR	Class B Common Stock	Conversion of derivative security		-1.6M	-24.72%		4.87M	Dec 23, 2024	Class A Common Stock	1.6M		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Effective November 20, 2024, the Issuer effected a 1-for-15 reverse stock split of its Class A Common Stock and Class B Common Stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 has been adjusted to reflect the Reverse Stock Split.
F2	Pursuant to the Issuer's Second Amended and Restated Certificate of Incorporation, as amended (the "Charter"), shares of Class B Common Stock have no expiration date and (i) are convertible into shares of Class A Common Stock at the option of the holder of Class B Common Stock at any time upon written notice to the Issuer on a one-for-one basis and (ii) will automatically convert into shares of Class A Common Stock immediately prior to the close of business on the earliest to occur of certain events specified in the Charter. On December 23, 2024, the Reporting Person elected to convert 1,600,000 shares of Class B Common Stock into Class A Common Stock in order to effect the transfers described in footnote 3.
F3	These shares of Class A Common Stock (the "Shares") were gifted by the Reporting Person to two grantor retained annuity trusts (the "GRATs") of which the Reporting Person is the sole annuitant and family members are beneficiaries. The Reporting Person is not the trustee of the GRATs and does not exercise any voting or investment power over Shares held by the GRATs.