Auker James Chris 4

What Happened

• James Auker, a director of Lantronix, reported the conversion/vesting of 8,540 restricted stock units (RSUs) into 8,540 shares on May 4, 2026. The Form 4 shows an acquisition (conversion) of 8,540 shares at $0.00 and a matching disposition of 8,540 shares at $0.00. The reported transactions show no cash exchange (total reported value $0).

Key Details

• Transaction date: May 4, 2026; Form 4 filed May 5, 2026 (timely filing).
• Reported entries: 8,540 shares acquired @ $0.00 (conversion of derivative, code M) and 8,540 shares disposed @ $0.00 (derivative).
• Shares owned after transaction: Not specified in the provided filing excerpt (see the full Form 4 for total holdings).
• Relevant footnotes:
  • F1: Shares represent common stock issued upon vesting of RSUs granted Nov 4, 2025.
  • F2: RSUs convert one-for-one into common stock.
  • F3: Vesting schedule = 1/2 at six months and 1/2 at one year after grant (this 8,540 equals the six‑month vesting).
• No 10b5-1 plan or tax-withholding detail is specified in the excerpt; the filing does not state a reason for the reported disposition.

Context

• This appears to be a routine director compensation event: a scheduled RSU vesting (half of the Nov 4, 2025 grant) converting into shares. The simultaneous acquisition and matching disposition are reported but not explained in the filing; such paired entries are commonly used to reflect withholding for taxes or immediate transfers/sales, though the form here does not state the reason. This is not a market purchase or open-market sale by the director and should be viewed as a compensation vesting event rather than a direct buy/sell signal.