Signature
/s/ North Run Strategic Opportunities Fund I, LP
Issuer symbol
LPTH
Transactions as of
31 Dec 2025
Net transactions value
-$3,999,996
Form type
4
Filing time
07 Jan 2026, 19:39:56 UTC
Previous filing
09 Jan 2026
Next filing
24 Feb 2026

Reporting Owners (8)

Name Relationship Address Signature Signature date CIK
North Run Strategic Opportunities Fund I, LP Director, 10%+ Owner 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON /s/ North Run Strategic Opportunities Fund I, LP 07 Jan 2026 0002052913
North Run - Due North Partners, LP Member 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON /s/ North Run - Due North Partners, LP, By Thomas B. Ellis, Member 07 Jan 2026 0001921221
NORTH RUN GP, LP Member 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON North Run GP, LP, By: /s/ Thomas B. Ellis, Member 07 Jan 2026 0001283772
NORTH RUN ADVISORS, LLC Member 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON North Run Advisors, LLC, By: /s/ Thomas B. Ellis, Member 07 Jan 2026 0001283773
ELLIS THOMAS B Director, 10%+ Owner 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON /s/ Thomas B. Ellis 07 Jan 2026 0001283774
HAMMER TODD B Member 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON /s/ Todd B. Hammer 07 Jan 2026 0001283775
Bosco Michael Member 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON /s/ Michael Bosco 07 Jan 2026 0002058718
North Run Strategic Opportunities Fund I GP, LLC Member 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON North Run Strategic Opportunities Fund I GP, LLC, By: /s/ Thomas B. Ellis, Member 07 Jan 2026 0002058804

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPTH Class A Common Stock Exercise of in-the-money or at-the-money derivative security $9,028,166 +3,499,289 $2.58 3,499,289 05 Jan 2026 See footnotes F1, F4
transaction LPTH Class A Common Stock Sale $9,028,162 -770,321 -22% $11.72 2,728,968 05 Jan 2026 See footnotes F1, F4

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 LPTH Convertible Promissory Note Disposed to Issuer $4,000,000 -1,860,465 -100% $2.15 0 31 Dec 2025 Class A Common Stock 1,860,465 See footnotes F2, F3
transaction LPTH Class A Common Stock Purchase Warrants (Right to Buy) Exercise of in-the-money or at-the-money derivative security $0 -3,499,289 -100% $0.000000 0 05 Jan 2026 Class A Common Stock 3,499,289 $2.58 See footnotes F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.