Lantronix (LTRX) CEO Awsare Saleel Receives 82,385-Share RSU Award

What Happened
Awsare Saleel, President, CEO and a director of Lantronix, received an award of 82,385 restricted stock units (RSUs) on August 26, 2026. The grant is reported as a derivative award (transaction code A) at $0.00 per share (i.e., an RSU compensation grant rather than an open‑market purchase). No cash value or proceeds were reported at grant.

Key Details

• Transaction date and filing: Grant on 2026-08-26; Form 4 filed 2026-08-28 (appears to be filed within the typical two-business-day window).
• Award: 82,385 RSUs granted; reported price $0.00 (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnote (vesting): One-third of the RSUs vest on August 26, 2027; the remaining two-thirds vest quarterly beginning September 1, 2027, with 100% vesting on June 1, 2029. (See footnote F1.)
• Transaction code: A = Award/Grant.

Context
RSU grants are a form of compensation and are not the same signal as an insider buying shares on the open market. They typically vest over time (as here), so economic benefit is realized only as shares vest. This grant does not by itself indicate a purchase or sale; it documents executive compensation that will convert to common shares according to the stated vesting schedule.