North Run Strategic Opportunities Fund I, LP - 31 Dec 2025 Form 4 Insider Report for LIGHTPATH TECHNOLOGIES INC (LPTH)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: LPTH
Reported as of: 31 Dec 2025
Net transaction value: -$3,999,996
SEC form: 4
Accepted by SEC: 07 Jan 2026, 19:39:56 UTC
Prior SEC filing: 09 Jan 2026
Next SEC filing: 24 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ North Run Strategic Opportunities Fund I, LP

Key filing fact

North Run Strategic Opportunities Fund I, LP filed Form 4 for LIGHTPATH TECHNOLOGIES INC (LPTH) on 07 Jan 2026.

Key facts

This page summarizes North Run Strategic Opportunities Fund I, LP's Form 4 filing for LIGHTPATH TECHNOLOGIES INC (LPTH).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 07 Jan 2026, 19:39.

Change

Previous filing in this sequence was filed on 09 Jan 2026.
Current net transaction value: -$3,999,996.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (8)

CIK 0002052913 Primary reporting owner

North Run Strategic Opportunities Fund I, LP

Relationship: Director, 10%+ Owner
Address: 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON
Signature: /s/ North Run Strategic Opportunities Fund I, LP
Signature date: 07 Jan 2026

CIK 0001921221

North Run - Due North Partners, LP

Relationship: Member
Address: 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON
Signature: /s/ North Run - Due North Partners, LP, By Thomas B. Ellis, Member
Signature date: 07 Jan 2026

CIK 0001283772

NORTH RUN GP, LP

Relationship: Member
Address: 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON
Signature: North Run GP, LP, By: /s/ Thomas B. Ellis, Member
Signature date: 07 Jan 2026

CIK 0001283773

NORTH RUN ADVISORS, LLC

Relationship: Member
Address: 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON
Signature: North Run Advisors, LLC, By: /s/ Thomas B. Ellis, Member
Signature date: 07 Jan 2026

CIK 0001283774

ELLIS THOMAS B

Relationship: Director, 10%+ Owner
Address: 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON
Signature: /s/ Thomas B. Ellis
Signature date: 07 Jan 2026

CIK 0001283775

HAMMER TODD B

Relationship: Member
Address: 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON
Signature: /s/ Todd B. Hammer
Signature date: 07 Jan 2026

CIK 0002058718

Bosco Michael

Relationship: Member
Address: 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON
Signature: /s/ Michael Bosco
Signature date: 07 Jan 2026

CIK 0002058804

North Run Strategic Opportunities Fund I GP, LLC

Relationship: Member
Address: 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON
Signature: North Run Strategic Opportunities Fund I GP, LLC, By: /s/ Thomas B. Ellis, Member
Signature date: 07 Jan 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LPTH transaction

Class A Common Stock

Exercise of in-the-money or at-the-money derivative security

Transaction value: $9,028,166
Shares: +3,499,289
Change %
Price: $2.58
Shares after: 3,499,289
Date: 05 Jan 2026
Ownership: See footnotes
Footnotes: F1, F4

LPTH transaction

Class A Common Stock

Sale

Transaction value: $9,028,162
Shares: -770,321
Change %: -22%
Price: $11.72
Shares after: 2,728,968
Date: 05 Jan 2026
Ownership: See footnotes
Footnotes: F1, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LPTH transaction Derivative

Convertible Promissory Note

Disposed to Issuer

Transaction value: $4,000,000
Shares: -1,860,465
Change %: -100%
Price: $2.15
Shares after: 0
Date: 31 Dec 2025
Ownership: See footnotes
Underlying class: Class A Common Stock
Underlying amount: 1,860,465
Exercise price
Footnotes: F2, F3

LPTH transaction Derivative

Class A Common Stock Purchase Warrants (Right to Buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value: $0
Shares: -3,499,289
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 05 Jan 2026
Ownership: See footnotes
Underlying class: Class A Common Stock
Underlying amount: 3,499,289
Exercise price: $2.58
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.