CLARK JAMES ANTHONY (CEO and President) made both purchases and sales at LSI INDUSTRIES INC

Purchased 145.9% of their position (250K shares) and sold 37.2% of their position (250K shares) — review individual transaction dates and prices for directional context.

P · 2S · 2

CLARK JAMES ANTHONY

Filed: 9/11/2025ACC: 0000892251-25-000125

InsiderCLARK JAMES ANTHONYCIK 1756328

→

IssuerLSI INDUSTRIES INCCIK 763532

Officer· CEO and President

Since Oct 2018

0.00

Net shares

Net seller

$5.71M

Total sold

Open market trades

2B · 2S

Total transactions

750K acquired · 750K disposed

Non-Derivative Transactions8

Common Shares

Direct

M · Option Exercise

+210.93K

Price / share

$4.40

Trade value

$928.11K

% of position

50.1%

9/9/2025

421.31K→632.25K

Common Shares

Direct

S · Sale

−210.93K

Price / share

$22.86

Trade value

$4.82M

% of position

33.4%

9/9/2025

632.25K→421.31K

Common Shares

Direct

M · Option Exercise

+39.07K

Price / share

$4.40

Trade value

$171.89K

% of position

9.3%

9/10/2025

421.31K→460.38K

Common Shares

Direct

S · Sale

−39.07K

Price / share

$22.75

Trade value

$888.77K

% of position

8.5%

9/10/2025

460.38K→421.31K

Common Shares

Direct

M · Option Exercise

+220.11K

Price / share

$4.40

Trade value

$968.48K

% of position

52.2%

9/10/2025

421.31K→641.42K

Common Shares

Direct

S · Sale

+220.11K

Price / share

$22.75

Trade value

$5.01M

% of position

109.4%

9/10/2025

201.20K→421.31K

Common Shares

Direct

M · Option Exercise

+29.89K

Price / share

$4.40

Trade value

$131.52K

% of position

7.1%

9/11/2025

421.31K→451.20K

Common Shares

Direct

S · Sale

+29.89K

Price / share

$22.66

Trade value

$677.33K

% of position

7.6%

9/11/2025

391.42K→421.31K

Total

Net shares

+500K

Net value

$2.17M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	9/9/2025	M · Option Exercise	+210.93K	$4.40	$928.11K	50.1%	421.31K	632.25K
Common Shares Direct	9/9/2025	S · Sale	−210.93K	$22.86	$4.82M	33.4%	632.25K	421.31K
Common Shares Direct	9/10/2025	M · Option Exercise	+39.07K	$4.40	$171.89K	9.3%	421.31K	460.38K
Common Shares Direct	9/10/2025	S · Sale	−39.07K	$22.75	$888.77K	8.5%	460.38K	421.31K
Common Shares Direct	9/10/2025	M · Option Exercise	+220.11K	$4.40	$968.48K	52.2%	421.31K	641.42K
Common Shares Direct	9/10/2025	S · Sale	+220.11K	$22.75	$5.01M	109.4%	201.20K	421.31K
Common Shares Direct	9/11/2025	M · Option Exercise	+29.89K	$4.40	$131.52K	7.1%	421.31K	451.20K
Common Shares Direct	9/11/2025	S · Sale	+29.89K	$22.66	$677.33K	7.6%	391.42K	421.31K
Total			+500K		$2.17M

Derivative Transactions1

Option to Buy

Direct

M · Option Exercise

Converts to

Common Shares

500K shares

−500K

Strike price

4.4

Held after

0.00

Exercisable

—

9/9/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Option to Buy Direct	Common Shares500K shares	9/9/2025	M · Option Exercise	−500K	4.4	—	0.00

Non-Derivative Holdings (Post-Transaction)1

Common Shares

Direct

Shares owned205.57K

Total

205.57K direct205.57K

Security Title	Shares Owned	Ownership Type
Common Shares	205.57K	Direct
Total	205.57K	205.57K direct

Derivative Holdings (Post-Transaction)1

Option to Buy

Direct

Underlying security

Common Shares

Underlying shares

76.27K

Shares owned

76.27K

Exercise price

6.8

Expiration

—

Exercise window

—

Total

Underlying

76.27K

Owned

76.27K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Option to Buy Direct	Common Shares	6.8	—	—	76.27K	76.27K
Total					76.27K	76.27K