Lantronix (LTRX) CEO Awsare Saleel Receives RSU Award, Withholds Shares

What Happened

• Awsare Saleel, President & CEO and a director of Lantronix, had 56,849 restricted stock units (RSUs vest) convert into common shares on July 11, 2026. The RSUs converted at $0 (award/settlement), and 26,520 of the resulting shares were withheld to cover tax obligations at $5.60 per share, totaling $148,512. After withholding, Saleel received a net 30,329 shares.
• This was an RSU vest/settlement (award/conversion) with routine tax-withholding — not an open-market buy or a voluntary sale.

Key Details

• Transaction date: July 11, 2026; Form 4 filed July 14, 2026.
• Reported transactions/codes: A (award/acquisition) 56,849 shares @ $0.00; M (conversion/exercise of derivative) 56,849 shares @ $0.00; F (tax withholding) 26,520 shares disposed @ $5.60, value $148,512.
• Net shares received from the vesting: 30,329 shares (56,849 − 26,520).
• Footnotes: RSUs were originally granted July 11, 2025 and vest 1/3 on July 11, 2026, with the remaining two-thirds vesting quarterly thereafter through June 1, 2028. The 26,520-share disposition reflects shares withheld to satisfy required tax withholding.
• Shares owned after the transaction: not specified in the filing.

Context

• This was a standard RSU vesting and tax-withholding event. The conversion of RSUs into shares plus withholding is routine compensation administration and does not represent an open-market purchase or voluntary sale by the insider.
• For retail investors, award vesting increases insider exposure to the stock but is compensation-related; purchases or sales by insiders are generally more informative about sentiment than routine vesting/withholding.