Hoff Kurt W 4
4 · LANTRONIX INC · Filed Sep 3, 2025
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Hoff Kurt W
Director
Transactions
- Exercise/Conversion
Common Stock
2025-09-01+5,201→ 35,237 total - Tax Payment
Common Stock
2025-09-01$4.97/sh−2,652$13,180→ 32,585 total - Exercise/Conversion
Restricted Stock Units
2025-09-01−5,201→ 31,204 total→ Common Stock (5,201 underlying) - Exercise/Conversion
Common Stock
2025-09-01+3,469→ 30,036 total - Exercise/Conversion
Restricted Stock Units
2025-09-01−3,469→ 24,281 total→ Common Stock (3,469 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 March 5, 2024. The restricted stock units ("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.
- [F3]In accordance with the terms of the RSU Agreement, 2,652 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.