Hoff Kurt W 4
4 · LANTRONIX INC · Filed Jun 3, 2025
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Hoff Kurt W
Director
Transactions
- Exercise/Conversion
Common Stock
2025-06-01+5,200→ 18,533 total - Tax Payment
Common Stock
2025-06-01$2.19/sh−1,591$3,484→ 16,942 total - Exercise/Conversion
Restricted Stock Units
2025-06-01−5,200→ 36,405 total→ Common Stock (5,200 underlying)
Footnotes (2)
- [F1]Represents inducement restricted stock units ("Inducement RSUs") granted on March 5, 2024. The shares subject to the Inducement RSUs shall vest such that one-third (1/3) of the shares vest on March 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on June 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on March 1, 2027.
- [F2]In accordance with the terms of the RSU Agreement, 1,591 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.