Lantronix director receives 8,541 shares as grant vests

The RSUs were granted November 4, 2025, with half vesting six months later and half on the first anniversary.

Available on EDGAR 11/04/2026 - 04:31 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:30 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Lantronix Inc. director Kevin S. Palatnik received 8,541 common shares upon vesting of 8,541 restricted stock units on November 2, 2026. The RSUs converted into common stock one-for-one, and his direct common-stock holdings after the transaction were 56,680 shares. The units were granted November 4, 2025, with half vesting six months after the grant date and half on its first anniversary.

Insider Trade Summary

8,541 shares exercised/converted

Exercise 2 txns

Insider Palatnik Kevin S.

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F2, F3	8,541	$0.00	$0.00
Exercise	Common Stock F1	8,541	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 56,680 shares (Direct)

Holdings Before and After: Common Stock, 48,139 to 56,680 shares (Direct)

Footnotes (3)

1. F1. Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 4, 2025 (the "Grant Date").
2. F2. RSUs convert into common stock on a one-for-one basis.
3. F3. The RSUs vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date and one half (1/2) of the shares vesting on the first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.

Key Figures

Restricted stock units vested: 8,541 units Direct common shares after transaction: 56,680 shares RSU conversion ratio: 1 common share per RSU +1 more

4 metrics

Restricted stock units vested 8,541 units November 2, 2026

Direct common shares after transaction 56,680 shares Following the reported transaction

RSU conversion ratio 1 common share per RSU One-for-one conversion

RSU grant date November 4, 2025 Grant date stated in the transaction footnote

Key Terms

Restricted Stock Units, one-for-one basis, fully vested

3 terms

Restricted Stock Units financial

"vesting of restricted stock units ("RSUs") granted"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

one-for-one basis financial

"RSUs convert into common stock on a one-for-one basis"

fully vested financial

"RSUs will be fully (100%) vested after one (1) year"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did LTRX director Kevin S. Palatnik receive?

On November 2, 2026, Kevin S. Palatnik received 8,541 common shares upon vesting of 8,541 restricted stock units. His direct common-stock holdings after the transaction were 56,680 shares.

When did Kevin S. Palatnik’s LTRX restricted stock units vest?

The 8,541 restricted stock units were granted November 4, 2025; half vested six months after that date and the remaining half on the first anniversary, with all units fully vested after one year.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Palatnik Kevin S.

(Last) (First) (Middle)

C/O LANTRONIX, INC.

48 DISCOVERY, SUITE 250

(Street)

IRVINE CALIFORNIA 92618

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LANTRONIX INC [ LTRX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/02/2026		M(1)		8,541	A	$0	56,680	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	11/02/2026		M		8,541		(3)	(3)	Common Stock	8,541	$0	0	D

Explanation of Responses:

1. Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 4, 2025 (the "Grant Date").

2. RSUs convert into common stock on a one-for-one basis.

3. The RSUs vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date and one half (1/2) of the shares vesting on the first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.

	/s/ Brent Stringham, Attorney-in-fact for Kevin Palatnik	11/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)