Lantronix CRO exercises RSUs, covers taxes in shares
Lantronix Inc Chief Revenue Officer Kurt W. Hoff reported compensation-related equity transactions.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Lantronix Inc Chief Revenue Officer Kurt W. Hoff reported compensation-related equity transactions. On June 1, 2026, 5,201 and 3,469 restricted stock units converted into the same number of common shares at a $0.00 exercise price. In connection with vesting, 3,952 common shares were withheld at $7.58 per share to cover required tax withholding. Following these transactions, Hoff directly holds 48,840 shares of Lantronix common stock, reflecting routine RSU vesting and associated tax withholding rather than open-market trading.
Insider Trade Summary
8,670 shares exercised/converted
Exercise
5 txns
Insider
Hoff Kurt W
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,469 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,201 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,469 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,201 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,952 | $7.58 | $30K |
Holdings After Transaction:
Restricted Stock Units — 29,478 contracts (Direct);
Common Stock — 48,840 shares (Direct)
Footnotes (3)
- F1. Represents restricted stock units ("RSUs") granted on July 1, 2024. The restricted stock units ("RSUs") shall vest such that one-third (1/3) of the shares vest on July 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on September 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on June 1, 2027.
- F2. Represents restricted stock units ("RSUs") granted on March 5, 2024. The restricted stock units ("RSUs") shall vest such that one-third (1/3) of the shares vest on March 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on June 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on March 1, 2027.
- F3. In accordance with the terms of the RSU Agreement, 3,952 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Key Figures
Shares withheld for taxes: 3,952 shares at $7.58
RSUs converted to common: 5,201 shares
Additional RSUs converted: 3,469 shares
+3 more
6 metrics
Shares withheld for taxes
3,952 shares at $7.58
Common stock withheld at vesting to cover required tax withholding
RSUs converted to common
5,201 shares
Restricted Stock Units converted into common stock on June 1, 2026
Additional RSUs converted
3,469 shares
Restricted Stock Units converted into common stock on June 1, 2026
Common shares held after transactions
48,840 shares
Direct ownership after tax-withholding disposition
RSU balance from July 1, 2024 grant
15,603 RSUs
Restricted Stock Units remaining after conversion, subject to vesting through June 1, 2027
RSU balance from March 5, 2024 grant
13,875 RSUs
Restricted Stock Units remaining after conversion, vesting scheduled through March 1, 2027
Key Terms
Restricted Stock Units ("RSUs"), vest, tax withholding, derivative security, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted on July 1, 2024."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vest financial
"The restricted stock units ("RSUs") shall vest such that one-third (1/3) of the shares vest on July 1, 2025"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
tax withholding financial
"3,952 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Lantronix (LTRX) report for Kurt W. Hoff?
Lantronix reported that Chief Revenue Officer Kurt W. Hoff had 5,201 and 3,469 restricted stock units convert into common stock on June 1, 2026. In addition, 3,952 shares were withheld to cover tax obligations tied to the vesting of these equity awards.
Were Kurt W. Hoff’s Lantronix (LTRX) Form 4 transactions open-market buys or sells?
The transactions were not open-market trades. They reflect RSU vesting and derivative exercises coded as “M,” plus a tax-withholding disposition coded “F,” where 3,952 common shares were withheld at $7.58 per share to satisfy required tax withholding.
What RSU grants underlie the June 1, 2026 Lantronix (LTRX) Form 4 filing?
The filing references RSUs granted on July 1, 2024 and March 5, 2024. Each grant vests one-third on specific 2025 dates, with the remaining two-thirds vesting quarterly until 2027, leading to the June 1, 2026 conversion of 5,201 and 3,469 RSUs into common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
