Management Change/Compensation - Form 8-K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 3, 2024, the board of directors (the "Board") of LENSAR, Inc. (the "Company") approved the grant of (i) restricted stock units ("RSUs") and (ii) performance stock units ("PSUs") to Nicholas T. Curtis, Alan B. Connaughton and Thomas R. Staab, II in the amounts set forth below opposite such officer's name. The RSUs were granted on May 6, 2024 pursuant to the Company's 2020 Incentive Award Plan (the "Plan") and vest in four substantially equal annual installments on each anniversary of the grant date. The PSUs were granted on May 6, 2024 pursuant to the Plan and are eligible to vest as to (i) 50% if, as of the end of any calendar quarter prior to December 31, 2026, the Company's cumulative one-year trailing revenues equal or exceed $75 million, and (ii) 50% if, as of any calendar quarter prior to December 31, 2027, the Company's cumulative one-year trailing revenues equal or exceed $100 million.