Lantronix CEO reports RSU vesting and tax withholding
Lantronix Inc. (LTRX) President & CEO Saleel Awsare reported equity compensation activity linked to vested restricted stock units on July 11, 2026.
Rhea-AI Filing Summary
Lantronix Inc. (LTRX) President & CEO Saleel Awsare reported equity compensation activity linked to vested restricted stock units on July 11, 2026. He acquired 56,849 shares of common stock at $0.00 per share upon RSU vesting, and 26,520 shares were withheld to cover required tax withholding. Following these transactions, he directly holds 412,018 shares of common stock and 115,423 restricted stock units, which continue to vest through June 1, 2028.
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Insights
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Insider Trade Summary
56,849 shares exercised/converted
Exercise
3 txns
Insider
Awsare Saleel
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 56,849 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 56,849 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 26,520 | $5.60 | $149K |
Holdings After Transaction:
Restricted Stock Units — 115,423 contracts (Direct);
Common Stock — 412,018 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, 26,520 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Key Figures
Shares acquired via RSU vesting: 56,849 shares
Shares withheld for taxes: 26,520 shares
Price used for tax withholding: $5.6000 per share
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7 metrics
Shares acquired via RSU vesting
56,849 shares
Common stock acquired at $0.00 per share on July 11, 2026
Shares withheld for taxes
26,520 shares
Common stock withheld at vesting to cover required tax withholding
Price used for tax withholding
$5.6000 per share
Valuation per share for 26,520 withheld shares of common stock
Common shares held after transactions
438,538 shares
Direct Lantronix common stock ownership following July 11, 2026 activity
Restricted stock units remaining
115,423 RSUs
Restricted stock units held after derivative transaction on July 11, 2026
RSU grant date
July 11, 2025
Grant date for the restricted stock units referenced in the footnotes
RSU full vesting date
June 1, 2028
Date by which 100% of the RSUs are scheduled to be fully vested
Key Terms
Restricted Stock Units, tax withholding, vesting, 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.
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.
vesting financial
"The restricted stock units ("RSUs") shall vest such that one-third (1/3) of the shares vest"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative security financial
"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) President & CEO Saleel Awsare report in this Form 4?
Saleel Awsare reported equity compensation activity tied to restricted stock units. On July 11, 2026, RSUs vested into 56,849 common shares, with a portion withheld for taxes, increasing his direct equity stake in Lantronix.
What is the vesting schedule for the Lantronix (LTRX) RSUs referenced in the footnotes?
The RSUs were granted on July 11, 2025. One-third vests on July 11, 2026, and the remaining two-thirds vest quarterly starting September 1, 2026, with 100% vested by June 1, 2028 if conditions are met.
Does this Lantronix (LTRX) Form 4 indicate an open-market sale by the CEO?
No. The disposition of 26,520 shares is for tax withholding at RSU vesting, not an open-market sale. The filing shows compensation-related vesting and associated tax-share withholding rather than discretionary selling.
AI-generated analysis. How Rhea-AI works. Not financial advice.
