Lantronix director gets 8,540 shares from RSUs

Lantronix Inc. director Sailesh Chittipeddi increased his direct equity stake through RSU vesting, not open-market trading.

Rhea-AI Filing Summary

Lantronix Inc. director Sailesh Chittipeddi increased his direct equity stake through RSU vesting, not open-market trading. On May 4, 2026, 8,540 shares of common stock were issued upon the vesting of previously granted restricted stock units that convert to common stock on a one-for-one basis.

Following the transaction, he directly holds 32,291 shares of Lantronix common stock and 8,541 restricted stock units. The RSUs were granted on November 4, 2025 and vest in two equal installments six months and one year after the grant date.

Insider Trade Summary

8,540 shares exercised/converted

Exercise 2 txns

Insider Chittipeddi Sailesh

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	8,540	$0.00	$0.00
Exercise	Common Stock	8,540	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 8,541 contracts (Direct); Common Stock — 32,291 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

Common shares acquired: 8,540 shares Common shares held after: 32,291 shares RSUs remaining: 8,541 units +2 more

5 metrics

Common shares acquired 8,540 shares Common stock issued upon RSU vesting on May 4, 2026

Common shares held after 32,291 shares Direct Lantronix common stock holdings after transaction

RSUs remaining 8,541 units Restricted stock units directly held after transaction

RSUs converted 8,540 units RSUs that converted into common stock on May 4, 2026

Grant date November 4, 2025 Original grant date of the RSUs that vested

Key Terms

Restricted Stock Units, RSUs, vest, derivative security

4 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units" and related footnotes"

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.

RSUs financial

"Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs")"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

vest financial

"The RSUs vest at the rate of one half (1/2) of the shares vesting six (6) months"

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.

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.

FAQ

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

What did Lantronix (LTRX) director Sailesh Chittipeddi report in this Form 4?

Lantronix director Sailesh Chittipeddi reported the vesting of restricted stock units that issued 8,540 shares of common stock on May 4, 2026. These shares came from prior equity awards, increasing his direct holdings without any open-market purchase or sale activity.

How many Lantronix (LTRX) shares does Sailesh Chittipeddi hold after this transaction?

After the transaction, Sailesh Chittipeddi directly holds 32,291 shares of Lantronix common stock. He also holds 8,541 restricted stock units, which represent additional potential shares that may convert into common stock as they vest over time.

Were any Lantronix (LTRX) shares bought or sold on the market in this Form 4?

No open-market buys or sells are reported. The Form 4 shows an exercise/conversion of restricted stock units into 8,540 common shares. This reflects equity compensation vesting rather than discretionary purchasing or selling in the public market.

What are the vesting terms of Sailesh Chittipeddi’s Lantronix (LTRX) RSUs?

The restricted stock units were granted on November 4, 2025 and vest in two stages: one-half six months after the grant date and one-half on the first anniversary. Once vested, each RSU converts into one share of common stock.

How many Lantronix (LTRX) RSUs converted into common stock in this filing?

A total of 8,540 restricted stock units converted into 8,540 common shares of Lantronix on May 4, 2026. The RSUs convert on a one-for-one basis, meaning each vested unit becomes one share of common stock.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/05/2026 - 04:57 PM Learn about SEC filing dates

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^*

Chittipeddi Sailesh

(Last) (First) (Middle)

C/O LANTRONIX

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)
05/04/2026

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	05/04/2026		M(1)		8,540	A	$0	32,291	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)	05/04/2026		M		8,540		(3)	(3)	Common Stock	8,540	$0	8,541	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 Sailesh Chittipeddi	05/05/2026
	** 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)