Derhacobian Narbeh 4

What Happened

• Narbeh Derhacobian, a director of Lantronix, had 8,540 shares issued to him on May 4, 2026 upon the vesting/conversion of restricted stock units (RSUs). The Form 4 shows the shares were acquired at $0.00, reflecting issuance on vesting rather than a purchase. The filing includes two entries relating to the same conversion/issuance (exercise/conversion of a derivative and issuance of common stock).

Key Details

• Transaction date: 2026-05-04 (Form 4 filed 2026-05-05 — appears timely).
• Price: $0.00 per share (shares issued upon RSU vesting, not bought).
• Shares acquired: 8,540 common shares (from vested RSUs).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1–F3 state these shares result from RSUs granted on Nov 4, 2025; RSUs convert one-for-one to common stock and vest 50% after six months and the remaining 50% on the first anniversary.
• Transaction code: M (exercise or conversion of derivative instrument) — here used to reflect conversion/issuance on vesting.

Context

• This was an RSU vesting/issuance (compensation), not an open-market purchase or sale, so it is a routine director compensation event rather than a directional trading signal. No immediate sale of the shares was reported in this filing.