4//SEC Filing
Gurusamy Mathi 4
Accession 0001683168-25-004200
CIK 0001114925other
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 6:43 PM ET
Size
8.9 KB
Accession
0001683168-25-004200
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Gurusamy Mathi
***See Remarks
Transactions
- Tax Payment
Common Stock
2025-06-01$2.19/sh−12,152$26,613→ 40,291 total - Exercise/Conversion
Restricted Stock Units
2025-06-01−31,893→ 63,798 total→ Common Stock (31,893 underlying) - Exercise/Conversion
Common Stock
2025-06-01+31,893→ 52,443 total
Footnotes (2)
- [F1]Represents inducement restricted stock units ("Inducement RSUs") granted on June 1, 2024. The shares subject to the Inducement RSUs shall vest such that one-third (1/3) of the shares vest on June 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on September 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on June 1, 2027.
- [F2]In accordance with the terms of the RSU Agreement, 12,152 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Documents
Issuer
LANTRONIX INC
CIK 0001114925
Entity typeother
Related Parties
1- filerCIK 0002021595
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 6:43 PM ET
- Size
- 8.9 KB