Lantronix CEO receives 5,825-share stock award

Lantronix Inc. President & CEO Saleel Awsare reported equity award activity tied to previously granted restricted stock units.

Rhea-AI Filing Summary

Lantronix Inc. President & CEO Saleel Awsare reported equity award activity tied to previously granted restricted stock units. On March 1, 2026, 5,825 RSUs vested and were converted into 5,825 shares of common stock at no cost, while 2,967 shares were withheld to cover tax obligations. After these transactions, he directly owned 378,989 shares of Lantronix common stock.

Insider Trade Summary

5,825 shares exercised/converted

Exercise 3 txns

Insider Awsare Saleel

Role President & CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	5,825	$0.00	$0.00
Grant/Award	Common Stock	5,825	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,967	$5.98	$18K

Holdings After Transaction: Restricted Stock Units — 29,124 contracts (Direct); Common Stock — 378,989 shares (Direct)

Footnotes (2)

1. 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.
2. F2. In accordance with the terms of the applicable RSU award agreements, 2,967 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

FAQ

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

What insider transactions did Lantronix (LTRX) CEO Saleel Awsare report?

Saleel Awsare reported the vesting of 5,825 restricted stock units into common shares and a related tax-withholding disposition of 2,967 shares, all dated March 1, 2026, under previously granted equity award agreements.

How many Lantronix (LTRX) shares does the CEO own after this Form 4?

Following the March 1, 2026 transactions, Lantronix President & CEO Saleel Awsare directly owns 378,989 shares of Lantronix common stock, reflecting both the RSU vesting into shares and the shares withheld for required tax withholding.

What was the size of the Lantronix (LTRX) CEO’s RSU vesting event?

The reported vesting event covered 5,825 restricted stock units, which converted into 5,825 shares of Lantronix common stock at a price of $0.00 per share, consistent with an equity award rather than an open-market stock purchase.

Why were Lantronix (LTRX) shares disposed of in the CEO’s Form 4 filing?

The Form 4 shows a disposition of 2,967 Lantronix common shares coded as “F,” meaning shares were withheld at vesting to satisfy required tax withholding obligations, rather than representing an open-market sale by the CEO.

What do the footnotes in the Lantronix (LTRX) Form 4 disclose about the RSUs?

Footnotes explain the RSUs were granted July 1, 2024, with one-third vesting July 1, 2025 and the remaining two-thirds vesting quarterly through June 1, 2027, and confirm 2,967 shares were withheld at vesting to cover tax obligations.

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

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Accepted by SEC EDGAR 03/03/2026 - 06:57 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^*

Awsare Saleel

(Last) (First) (Middle)

C/O LANTRONIX, INC.

48 DISCOVERY, SUITE 250

(Street)

IRVINE CA 92618

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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

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

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

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	03/01/2026		A(1)		5,825	A	$0	381,956	D
Common Stock	03/01/2026		F(2)		2,967	D	$5.98	378,989	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	(1)	03/01/2026		M			5,825	(1)	(1)	Common Stock	5,825	$0	29,124	D

Explanation of Responses:

1. 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.

2. In accordance with the terms of the applicable RSU award agreements, 2,967 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

	/s/ Brent Stringham, Attorney-in-fact for Saleel Awsare	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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