Hoff Kurt W 4
4 · LANTRONIX INC · Filed Jul 2, 2025
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Hoff Kurt W
Director
Transactions
- Exercise/Conversion
Common Stock
2025-07-01+13,872→ 30,814 total - Tax Payment
Common Stock
2025-07-01$2.82/sh−4,247$11,977→ 26,567 total - Exercise/Conversion
Restricted Stock Units
2025-07-01−13,872→ 27,750 total→ Common Stock (13,872 underlying)
Footnotes (2)
- [F1]Represents restricted stock units ("RSUs") granted on July 1, 2024. The restricted stock units ("RSUs") shall vest such that one-third (1/3) of the shares vest on July 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, 4,247 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.