Mar. 12 at 3:40 PM
$LPTH North Run Supply Potentially Clearing
North Run’s Form 144 indicated intent to sell up to 2,200,000 shares.
Based on Schedule 13D/A transaction disclosures, approximately 1,708,441 shares have been reported sold to date:
Feb 20 – 595,573
Feb 23 – 6,500
Feb 24 – 131,281
Feb 25 – 300,092
Mar 2 – 238,991
Mar 3 – 381,004
Mar 4 – 55,000
Total reported sold: 1,708,441 shares.
If the full 2.2M shares referenced in the Form 144 represents the selling program, this would imply roughly 491,500 shares remaining. How much additional selling has occurred since March 4?
Also worth noting: the last two sessions traded roughly 1.15M & 1.14M shares. Today we’re already around 562K shares traded only about 90 minutes into the session, representing a noticeably faster pace of volume. This raises the possibility that we may be approaching the tail end of North Run’s selling, with supply potentially tightening.
Worth keeping on the radar as the tape has begun to act incrementally better.
