Gurusamy Mathi 4
4 · LANTRONIX INC · Filed Sep 3, 2025
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Gurusamy Mathi
Chief Product & Strategy Ofcr
Transactions
- Exercise/Conversion
Common Stock
2025-09-01+7,975→ 60,165 total - Tax Payment
Common Stock
2025-09-01$4.97/sh−4,046$20,109→ 56,119 total - Exercise/Conversion
Restricted Stock Units
2025-09-01−3,335→ 23,341 total→ Common Stock (3,335 underlying) - Exercise/Conversion
Common Stock
2025-09-01+3,335→ 52,190 total - Exercise/Conversion
Restricted Stock Units
2025-09-01−7,975→ 55,823 total→ Common Stock (7,975 underlying)
Footnotes (3)
- [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]Represents restricted stock units ("RSUs") granted on June 1, 2024. The restricted stock units ("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.
- [F3]In accordance with the terms of the RSU Agreement, 4,046 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.