Lantronix CFO exercises RSUs, covers taxes with stock
Accepted by SEC EDGAR
Learn about SEC filing dates
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 Financial Officer Brent Michael Stringham reported equity compensation activity on July 11, 2026. 33,770 restricted stock units converted into common stock, with 14,818 shares withheld to cover tax obligations, resulting in 126,402 common shares held directly.
Insider Trade Summary
33,770 shares exercised/converted
Exercise
3 txns
Insider
Stringham Brent Michael
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 33,770 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 33,770 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 14,818 | $5.60 | $83K |
Holdings After Transaction:
Restricted Stock Units — 68,566 units (Direct);
Common Stock — 111,584 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 102,336 to 68,566 units (Direct);
Common Stock, 92,632 to 111,584 shares (Direct)
Footnotes (2)
- F1. Represents restricted stock units ("RSUs") granted on July 11, 2025. The restricted stock units ("RSUs") shall vest such that one-third (1/3) of the shares vest on July 11, 2026 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on September 1, 2026, such that one hundred percent (100%) of the RSUs will be fully vested on June 1, 2028.
- F2. In accordance with the terms of the applicable RSU award agreements, 14,818 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Key Figures
RSUs converted to common stock: 33,770 shares
Shares withheld for taxes: 14,818 shares
Common shares held after transactions: 126,402 shares
+2 more
5 metrics
RSUs converted to common stock
33,770 shares
Restricted Stock Units converted on July 11, 2026
Shares withheld for taxes
14,818 shares
Common stock withheld at vesting to cover required tax withholding
Common shares held after transactions
126,402 shares
Direct Lantronix common stock holdings following July 11, 2026 events
RSUs remaining after conversion
68,566 units
Restricted stock units outstanding after the reported RSU conversion
Tax-withholding transaction value indicator
$5.60 per share
Per-share value used for the 14,818-share F-code tax-withholding disposition
Key Terms
Restricted Stock Units, vest, tax withholding, derivative security
4 terms
Restricted Stock Units financial
"Represents restricted stock units ("RSUs") granted on July 11, 2025."
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.
vest financial
"The restricted stock units ("RSUs") shall vest such that one-third (1/3) of the shares vest"
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
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Lantronix (LTRX) report for CFO Brent Stringham?
Lantronix reported that CFO Brent Michael Stringham had 33,770 restricted stock units convert into common stock on July 11, 2026. As part of this vesting event, some shares were withheld to satisfy tax obligations rather than sold on the open market.
How many Lantronix (LTRX) RSUs vested and converted into common stock?
On July 11, 2026, 33,770 restricted stock units held by CFO Brent Stringham converted into Lantronix common stock. These RSUs stem from an award granted on July 11, 2025, which vests over multiple years according to the stated vesting schedule.
What is the vesting schedule for the July 11, 2025 Lantronix (LTRX) RSU grant?
The RSUs granted on July 11, 2025 vest so that one-third vests on July 11, 2026, with the remaining two-thirds vesting quarterly beginning September 1, 2026. All units are scheduled to be fully vested by June 1, 2028 if service conditions are met.
Does the Lantronix (LTRX) Form 4 show any open-market stock purchases or sales?
No open-market purchases or sales are reported. The filing shows a derivative exercise of RSUs and an F-code tax-withholding disposition, where 14,818 shares were withheld to cover taxes rather than sold through market transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
