Chittipeddi Sailesh 4

What Happened

• Sailesh Chittipeddi, a director of Lantronix, had 8,540 restricted stock units (RSUs convertible one-for-one into common shares) vest on May 4, 2026. The filing reports acquisition of 8,540 shares at $0.00 (code M — exercise/conversion of a derivative), resulting from the automatic conversion of vested RSUs into common stock. No cash was paid and no shares were sold in this transaction.

Key Details

• Transaction date: May 4, 2026; Form 4 filed May 5, 2026 (timely).
• Reported price: $0.00 per share (shares issued upon RSU vesting).
• Shares acquired: 8,540 common shares (via conversion of RSUs).
• Footnotes: RSUs were granted on Nov 4, 2025; they convert 1-for-1 and vest one-half six months after the grant and the remaining one-half on the first anniversary. This vesting likely represents the first half of that grant.
• Shares owned after transaction: Not specified in the provided filing.
• No 10b5-1, tax-withholding sale, or open-market sale reported — this was a vesting/conversion event, not a market buy or sale.

Context

• This was not a market purchase or sale but a standard equity award vesting (insider received shares from previously granted RSUs). Such vesting events are routine compensation items and do not by themselves indicate buying or selling sentiment.