Luminar Technologies, Inc. Amendment No. 7 to Schedule 13D

On October 14, 2025, Austin Russell, the Reporting Person, submitted a non-binding proposal to the Board of Luminar Technologies, Inc. regarding a potential transaction where Russell AI Labs would acquire 100% of the outstanding shares of the Class A Common Stock of the Company. The Proposed Transaction includes the integration of a larger global automotive technology company into Luminar to create a unified technology platform business, referred to as 'Luminar 2.0'. Shareholders would receive consideration in cash and/or marketable securities of the combined entity. The transaction is subject to due diligence, negotiation, and execution of definitive agreements, as well as shareholder approval. The Reporting Person may engage in discussions with the Company and other relevant parties to further the Proposed Transaction. The Reporting Person currently beneficially owns approximately 8.4% of the outstanding shares of the Common Stock.