North RUN Strategic Opportunities Fund I, LP sells 293,052 shares at $12.21 blended avg; still holds 2.99M shares post-transaction.
North RUN Strategic Opportunities Fund I, LP (Director) executed a three-day sale of 293,052 shares totaling $3,576,837.00 at a blended average price of $12.21, near the current price of $12.15 but significantly below the 52-week high of $16.53. The timing is noteworthy given that the insider's prior trades at LPTH have shown poor 90-day timing—only 1 of 5 prior sells at this ticker were well-timed (negative 90-day returns), while the most recent four sales between 2026-03-17 and 2026-03-25 all posted positive 90-day returns, meaning the stock rose after those sales. The company is unprofitable with net income of $-4,106,287.00 despite 17.3% annual revenue growth, and the stock has declined 15.0% over the past 30 days and is -26.5% from its 52-week high, suggesting a period of weakness. The director retains a substantial 2.99M share position post-transaction.