Lantronix (LTRX) director reports 9,800 shares from RSU vesting

Lantronix (LTRX) director Kevin Palatnik reported equity award activity.

Accepted by SEC EDGAR 11/05/2025 - 09:54 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Lantronix (LTRX) director Kevin Palatnik reported equity award activity. On 11/03/2025, 9,800 shares of common stock were issued at $0 upon the vesting of previously granted RSUs, bringing his directly held common stock to 39,599 shares. On 11/04/2025, he acquired 17,081 new restricted stock units (RSUs). The RSUs convert into common stock on a one-for-one basis and, for the referenced grant dated November 5, 2024, vest half after six months and half on the first anniversary.

Insider Trade Summary

9,800 shares exercised/converted

Exercise 3 txns

Insider Palatnik Kevin S.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	17,081	$0.00	$0.00
Exercise	Restricted Stock Units	9,800	$0.00	$0.00
Exercise	Common Stock	9,800	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 17,081 contracts (Direct); Common Stock — 39,599 shares (Direct)

Holdings Before and After: Restricted Stock Units, 9,800 to 17,081 contracts (Direct); Common Stock, 29,799 to 39,599 shares (Direct)

Footnotes (3)

1. F1. Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 5, 2024 (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.

FAQ

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

What did LTRX insider Kevin Palatnik report on Form 4?

He reported the issuance of 9,800 common shares upon RSU vesting on 11/03/2025 and the acquisition of 17,081 new RSUs on 11/04/2025.

How many LTRX shares does he own after the transaction?

He directly owns 39,599 shares of Lantronix common stock following the reported activity.

What is the conversion ratio for the RSUs reported by LTRX?

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

What is the vesting schedule for the referenced LTRX RSU grant?

For the grant dated November 5, 2024, half vests after six months and the remaining half on the first anniversary.

Was there a purchase price for the 9,800 shares issued to the LTRX insider?

No. The 9,800 shares were issued at $0 upon RSU vesting.

How many new RSUs did the LTRX director receive?

He acquired 17,081 new RSUs on 11/04/2025.

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 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2025

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	11/03/2025		M(1)		9,800	A	$0	39,599	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)	11/03/2025		M			9,800	(3)	(3)	Common Stock	9,800	$0	0	D
Restricted Stock Units	(2)	11/04/2025		A		17,081		(3)	(3)	Common Stock	17,081	$0	17,081	D

Explanation of Responses:

1. Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 5, 2024 (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	11/05/2025
	** 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.
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