Gurusamy Mathi 4
4 · LANTRONIX INC · Filed Jun 3, 2025
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Gurusamy Mathi
Chief Product & Strategy Ofcr
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.