Awsare Saleel 4

What Happened

• Awsare Saleel, President & CEO and a director of Lantronix (LTRX), had 5,824 restricted stock units (RSUs converted to common stock) vest on June 1, 2026. Of those, 3,124 shares were withheld to satisfy tax withholding at $7.58 per share (total withheld ≈ $23,680), resulting in a net delivery of 2,700 shares to Saleel. The filings show the RSUs were recorded as an award/vest (A), an exercise/conversion of a derivative (M), and a tax withholding disposition (F).

Key Details

• Transaction dates: June 1, 2026 (report filed 2026-06-02; period of report 2026-06-01)
• Grant/vesting: 5,824 RSUs converted to common stock (reported at $0.00 per share)
• Tax withholding: 3,124 shares withheld at $7.58/share → $23,680 withheld (disposed)
• Net shares received by insider: 2,700 shares (5,824 vested − 3,124 withheld)
• Footnotes: F1 — RSUs were from a July 1, 2024 grant with a multi-year vesting schedule (one‑third vested 7/1/2025; remaining 2/3 vest quarterly through 6/1/2027). F2 — 3,124 shares withheld to cover required tax withholding.
• Shares owned after transaction: not specified in the filing.
• Timeliness: filing dated 2026-06-02 for transactions on 2026-06-01 (appears timely).

Context

• This was a vesting of RSUs (an award), not an open‑market sale or purchased shares. The conversion/exercise entries reflect RSUs settling into common stock and the company withholding shares to cover taxes (a routine administrative action). Such vesting events are compensation, not a direct signal of buying or selling intent.