LANTRONIX (LTRX) CEO Awsare Saleel Buys 15,000 Shares

What Happened

Awsare Saleel, President & CEO and a director of LANTRONIX, purchased 15,000 shares of LTRX stock in an open-market transaction on September 9, 2026. The reported weighted-average price was $5.18 per share, for a total transaction value of $77,685. The filing reports this as a purchase (code P), a direct acquisition rather than an award or exercise.

Key Details

• Transaction date: 2026-09-09
• Transaction type: Open-market purchase (Code P)
• Shares purchased: 15,000; Weighted-average price: $5.18; Total value: $77,685
• Footnote: Transaction executed in multiple trades at prices ranging $5.17–$5.18; the reported $5.18 is the weighted average. The reporting person will provide trade-by-trade details upon request (F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Report filed the same day (2026-09-09), so not indicated as late.

Context

This was a straightforward open-market purchase by the company's CEO. Insider purchases can be of interest to investors as one piece of information about insider confidence, but filings do not disclose motivation. The footnote clarifies the reported price is a weighted average across multiple trades.