LENSAR, Inc. — Director's Dealing 2023

Jun 6, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LENSAR, Inc. (LNSR)
CIK: 0001320350
Period of Report: 2023-05-18

Reporting Person: NORTH RUN CAPITAL, LP (10% Owner)
Reporting Person: NORTH RUN ADVISORS, LLC (10% Owner)
Reporting Person: NR-GRI Partners, LP (10% Owner)
Reporting Person: NR-GRI Partners GP, LLC (10% Owner)
Reporting Person: ELLIS THOMAS B (Director, 10% Owner)
Reporting Person: HAMMER TODD B (Director, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1100592	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Convertible Preferred Stock	$2.5188		Common Stock (7940446)		Indirect
Class A Common Stock Purchase Warrants (Right to Buy)	$2.45	2028-05-18	Common Stock (2183623)		Indirect
Class B Common Stock Purchase Warrants (Right to Buy)	$3.0625	2028-05-18	Common Stock (2183623)		Indirect

Footnotes

F1: The reported securities are directly held by North Run Capital, LP, and may be deemed to be indirectly beneficially owned by North Run Advisors, LLC as the general partner of North Run Capital, 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 Advisors, LLC.

F2: The Series A Convertible Preferred Stock has no expiration date and is convertible at any time at the option of NR-GRI Partners, LP, subject to a blocker provision that prevents NR-GRI Partners, LP from converting the Series A Convertible Preferred Stock into shares of Common Stock if the reporting person, together with its affiliates, would be more than a 19.99% beneficial owner of Common Stock following such conversion..

F3: The reported securities are directly held by NR-GRI Partners, LP, and may be deemed to be indirectly beneficially owned by NR-GRI Partners GP, LLC as the general partner of NR-GRI Partners, LP. The reported securities may also be deemed to be indirectly beneficially owned by Thomas B. Ellis and Todd B. Hammer as members of NR-GRI Partners GP, LLC.

F4: The reported warrants are currently exercisable, subject to a blocker provision that prevents NR-GRI Partners, LP from exercising the warrants into shares of Common Stock if the reporting person, together with its affiliates, would be more than a 19.99% beneficial owner of Common Stock following such exercise.

F5: NR-GRI Partners GP, LLC, North Run Advisors, LLC, Thomas B. Ellis and Todd B. Hammer disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interest therein, and this report shall not be deemed an admission that any of them are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.