Palatnik Kevin S. 4

What Happened

• Kevin S. Palatnik, a director of Lantronix, reported the acquisition of 8,540 shares on 2026-05-04 through the conversion/vesting of restricted stock units (RSUs). The reported transaction price was $0.00 (no cash paid). The Form 4 lists two identical M-code entries (8,540 shares each) for the same date; the footnotes indicate these shares represent the vested portion of an RSU grant.

Key Details

• Transaction date: 2026-05-04; Filing date: 2026-05-05 (timely).
• Reported price: $0.00 per share (acquired on vesting/conversion).
• Shares acquired (per footnotes): 8,540 shares (represents one-half of the RSU grant).
• Shares owned after transaction: Not specified in the excerpt provided.
• Footnotes: F1–F3 state these shares were issued upon vesting of RSUs granted 11/04/2025, convert one-for-one into common stock, and vest half six months after grant and half on the first anniversary.
• Transaction codes: M (exercise or conversion of a derivative/RSU). No 10b5-1 plan or tax-withholding details shown.

Context

• This was not an open-market purchase or sale but the scheduled vesting/conversion of previously granted RSUs (compensation award). RSUs converted one-for-one into common shares; no immediate sale or cash exercise was reported. Such vesting events are routine compensation-related transactions and do not by themselves indicate a director’s current market view.