# EDGAR Filing Document

**Accession Number:** 0000889971
**File Stem:** 0001437749-26-005405
**Filing Date:** 2026-2
**Character Count:** 18912
**Document Hash:** 3eb4aaa5be01511c78620d0e7fd567c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-26-005405.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0001437749-26-005405

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LIGHTPATH TECHNOLOGIES INC
- **CENTRAL INDEX KEY:** 0000889971
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 860708398
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-53353
- **FILM NUMBER:** 26673617

**BUSINESS ADDRESS:**
- **STREET 1:** 2603 CHALLENGER TECH CT
- **STREET 2:** STE 100
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32826-2716
- **BUSINESS PHONE:** 4073824003

**MAIL ADDRESS:**
- **STREET 1:** 2603 CHALLENGER TECH CT
- **STREET 2:** STE 100
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32826-2716
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** North Run Strategic Opportunities Fund I, LP
- **CENTRAL INDEX KEY:** 0002052913

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 867 BOYLSTON STREET, 5TH FLOOR #1361
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02216
- **BUSINESS PHONE:** 617-310-6130

**MAIL ADDRESS:**
- **STREET 1:** 867 BOYLSTON STREET, 5TH FLOOR #1361
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02216

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**LIGHTPATH TECHNOLOGIES INC**

*(Name of Issuer)*

**Class A common stock, $0.01 par value**

*(Title of Class of Securities)*

**532257805**

*(CUSIP Number)*

**Todd B. Hammer**<br>867 Boylston Street<br>5th Floor #1361<br>Boston MA 02116<br>4073824003

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**02/20/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **532257805** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**North Run Strategic Opportunities Fund I, LP** | Name of reporting person<br>**North Run Strategic Opportunities Fund I, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**11953829.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**11953829.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**11953829.00** | Aggregate amount beneficially owned by each reporting person<br>**11953829.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**17.7%** | Percent of class represented by amount in Row (11)<br>**17.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** *Consists of (i) 3,255,614 shares of Class A Common Stock, par value $0.01 per share (the "Shares") of LightPath Technologies, Inc. (the "Issuer") and (ii) 8,698,215 Shares issuable upon the conversion of 17,353.6 shares of Series G Convertible Preferred Stock ("Series G Preferred"). The reported shares of the Series G Preferred are currently exercisable.

The aggregate percentage of Shares reported owned by each person named herein is based upon 58,968,603 Shares outstanding as of February 24, 2026, which is the total number of Shares outstanding as of February 8, 2026 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 11, 2026 in addition to 1,260,000 Shares issued to North Run Strategic Opportunities Fund I, LP ("NR-SOF") on February 20, 2026 upon its conversion of 2,709 shares of Series G Preferred.

| **CUSIP No.** | **532257805** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**North Run Strategic Opportunities Fund I GP, LLC** | Name of reporting person<br>**North Run Strategic Opportunities Fund I GP, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**11953829.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**11953829.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**11953829.00** | Aggregate amount beneficially owned by each reporting person<br>**11953829.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**17.7%** | Percent of class represented by amount in Row (11)<br>**17.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** *Consists of (i) 3,255,614 Shares and (ii) 8,698,215 Shares issuable upon the conversion of 17,353.6 shares of Series G Preferred. The reported shares of Series G Preferred are currently exercisable.

The aggregate percentage of Shares reported owned by each person named herein is based upon 58,968,603 Shares outstanding as of February 24, 2026, which is the total number of Shares outstanding as of February 8, 2026 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 11, 2026 in addition to 1,260,000 Shares issued to NR-SOF on February 20, 2026 upon its conversion of 2,709 shares of Series G Preferred.

| **CUSIP No.** | **532257805** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**ELLIS THOMAS B** | Name of reporting person<br>**ELLIS THOMAS B** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**11953829.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**11953829.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**11953829.00** | Aggregate amount beneficially owned by each reporting person<br>**11953829.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**17.7%** | Percent of class represented by amount in Row (11)<br>**17.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** *Consists of (i) 3,255,614 Shares and (ii) 8,698,215 Shares issuable upon the conversion of 17,353.6 shares of Series G Preferred. The reported shares of Series G Preferred are currently exercisable.

The aggregate percentage of Shares reported owned by each person named herein is based upon 58,968,603 Shares outstanding as of February 24, 2026, which is the total number of Shares outstanding as of February 8, 2026 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 11, 2026 in addition to 1,260,000 Shares issued to NR-SOF on February 20, 2026 upon its conversion of 2,709 shares of Series G Preferred.

| **CUSIP No.** | **532257805** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**HAMMER TODD B** | Name of reporting person<br>**HAMMER TODD B** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**11953829.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**11953829.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**11953829.00** | Aggregate amount beneficially owned by each reporting person<br>**11953829.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**17.7%** | Percent of class represented by amount in Row (11)<br>**17.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** *Consists of (i) 3,255,614 Shares and (ii) 8,698,215 Shares issuable upon the conversion of 17,353.6 shares of Series G Preferred. The reported shares of Series G Preferred are currently exercisable.

The aggregate percentage of Shares reported owned by each person named herein is based upon 58,968,603 Shares outstanding as of February 24, 2026, which is the total number of Shares outstanding as of February 8, 2026 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 11, 2026 in addition to 1,260,000 Shares issued to NR-SOF on February 20, 2026 upon its conversion of 2,709 shares of Series G Preferred.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A common stock, $0.01 par value

**(b) Name of Issuer:**
LIGHTPATH TECHNOLOGIES INC

**(c) Address of Issuer's Principal Executive Offices:**
2603 CHALLENGER TECH CT, ORLANDO, FL, 32826

This Amendment No. 2 ("Amendment No. 2") amends and supplements the statement on Schedule 13D filed with the Securities and Exchange Commission on February 25, 2025, as amended by Amendment No. 1 filed on January 7, 2026 (as amended by Amendment No. 1, the "Original Schedule 13D" and the Original Schedule 13D as amended by this Amendment No. 2, the "Schedule 13D"). This Amendment No. 2 amends and supplements Items 3, 4 and 5 as set forth below. Capitalized terms used herein and not otherwise defined in this Amendment No. 2 have the meanings set forth in the Original Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 is hereby amended and supplemented to add the following at the end thereof:

The information in Item 5(c) is incorporated herein by reference.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5 is hereby amended and restated in its entirety to read as follows:

The aggregate percentage of Shares reported owned by each person named herein is based upon 58,968,603 Shares outstanding as of February 24, 2026, which is the total number of Shares outstanding as of February 8, 2026 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 11, 2026 in addition to 1,260,000 Shares issued to NR-SOF on February 20, 2026 upon its conversion of 2,709 shares of Series G Preferred.  As a result of the Stockholder Approval, the percentages set forth herein for each of the Reporting Persons do not give effect to the Beneficial Ownership Limitation or the Exchange Cap.

As of the date hereof, NR-SOF directly beneficially own 11,953,829 Shares, constituting approximately 17.7% of the Shares outstanding.

North Run Opportunities, as the general partner of NR-SOF, may be deemed to beneficially own 11,953,829 Shares, constituting approximately 17.7% of the Shares outstanding.

Each of Mr. Hammer and Mr. Ellis, as the sole members of North Run Opportunities, may be deemed to beneficially own 11,953,829 Shares, constituting approximately 17.7% of the Shares outstanding.

The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Exchange Act, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

**(b)**
Each of North Run Opportunities, and Messrs. Hammer and Ellis may be deemed to share the power to vote and dispose of the Shares owned by NR-SOF.

**(c)**
Except as otherwise set forth herein, there have been no transactions in securities of the Issuer by the Reporting Persons during the past 60 days.

On January 5, 2026, NR-SOF received 2,728,968 Shares upon the cashless exercise of 3,499,289 Warrants.

On February 20, 2026, NR-SOF converted 2,709 shares of Series G Preferred into 1,260,000 Shares at the conversion price of $2.15 per Share.

On February 20, 2026, NR-SOF sold 218,811 Shares at a weighted average price of $13.18 per share, or $2,883,113.24 in the aggregate, in open market sales.  The Shares were sold at prices ranging from $13.00 to $13.3019, inclusive.

On February 20, 2026, NR-SOF sold 376,762 Shares at a weighted average price of $12.15 per share, or $4,576,629.24 in the aggregate, in open market sales.  The Shares were sold at prices ranging from $11.92 to $12.6577, inclusive.

On February 23, 2026, NR-SOF sold 6,500 Shares at a weighted average price of $12.01 per share, or $78,074.13 in the aggregate, in open market sales.  The Shares were sold at prices ranging from $12.0038 to $12.05, inclusive.

On February 24, 2026, NR-SOF sold 131,281 Shares at a weighted average price of $12.02 per share, or $1,577,640.14 in the aggregate, in open market sales.  The Shares were sold at prices ranging from $12.00 to $12.0214, inclusive.

The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares sold at each separate price within the ranges set forth in this Item 5(c).

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** North Run Strategic Opportunities Fund I, LP

**Signature:** /s/ Todd B. Hammer

**Name/Title:** Todd B. Hammer, Member

**Date:** 02/24/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** North Run Strategic Opportunities Fund I GP, LLC

**Signature:** /s/ Todd B. Hammer

**Name/Title:** Todd B. Hammer, Member

**Date:** 02/24/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** ELLIS THOMAS B

**Signature:** /s/ Thomas B. Ellis

**Name/Title:** Member

**Date:** 02/24/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** HAMMER TODD B

**Signature:** /s/ Todd B. Hammer

**Name/Title:** Member

**Date:** 02/24/2026