LIGHTPATH TECHNOLOGIES INC

(a) On* March 23, 2026 (the “Grant Date”), the Company’s Board of Directors approved equity awards to Shmuel Rubin, the Company’s Chief Executive Officer, and Albert Miranda, the Company’s Chief Financial Officer, under the Company’s2018* Stock and Incentive Compensation Plan (the “Plan”).

Restricted Stock Unit Awards

Pursuant to these approvals, (i) Mr. Rubin received an award of375,000 restricted stock units and (ii) Mr. Miranda received an award of75,000 restricted stock units. The restricted stock units vest inthree equal annual installments, subject to continued service through the applicable vesting dates.

Option Awards

Pursuant to these approvals, (i) Mr. Rubin received an option to purchase up to a maximum of2,550,000 shares of Common Stock that could be earned over afive-year performance period following the Grant Date and (ii) Mr. Miranda received an option to purchase up to a maximum of425,000 shares of Common Stock that could be earned over athree-year performance period following the Grant Date, each subject to the achievement of certain performance targets set forth in the applicable award agreements. Such awards are intended to align management’s incentives with the creation of long-term stockholder value and to incentivize the achievement of extraordinary growth in the Company’s revenue and operating profitability relative to the Company’s historical growth rates. The Company determined that structuring the award with performance-based vesting conditions tied to substantial increases in revenue and adjusted EBITDA growth appropriately links potential realizable value to the Company’s financial performance and stockholder returns.

The option award will vest, if at all, in tranches based on the achievement of specified revenue and adjusted EBITDA targets at multiple levels, with vesting at each level conditioned on the Company satisfying both applicable revenue and adjusted EBITDA criteria. Vesting begins only upon the attainment of a threshold that reflects a substantial multiple of the Company’s current revenue and a corresponding meaningful increase in adjusted EBITDA, with only a small portion of the maximum option amount eligible to vest at such initial level. The vast majority of the award is conditioned on the achievement of significantly higher performance thresholds.

The stock options have an exercise price of*$10.53* per share and have a term of10 years from the date of grant.

The awards are subject to the terms of the Plan and the applicable award agreements, including provisions regarding termination of service, change in control, and other customary terms.

The foregoing summary of awards are subject to, and qualified in their entirety by, the full text each of the restricted stock unit award agreement and option award agreement, the full text of the form of award agreements incorporated herein by reference.

(c) During thenine months ended* March 31, 2026*, no director or officer of the Company adopted or terminated a “Rule10b5-1 trading arrangement” or “non-Rule10b5-1 trading arrangement,” as each term is defined in Item408(a) of Regulation S-K.