Lantronix (NASDAQ: LTRX) product chief sells 14,467 shares

Rhea-AI Filing Summary

LANTRONIX INC Chief Product & Strategy Officer Gurusamy Mathi reported an open-market sale of 14,467 shares of common stock. The shares were sold at a weighted average price of $6.21 per share in transactions executed between $6.21 and $6.28 per share. Following this sale, he continues to hold 55,569 shares of Lantronix common stock directly.

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

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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^*

Gurusamy Mathi

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Product & Strategy Ofcr

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		S		14,467	D	$6.21(1)	55,569	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

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $6.21 to $6.28. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

	/s/ Brent Stringham, Attorney-in-fact for Mathi Gurusamy	03/13/2026
	** 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.

FAQ

What insider transaction did LANTRONIX INC (LTRX) report for Gurusamy Mathi?

LANTRONIX INC reported that Chief Product & Strategy Officer Gurusamy Mathi sold 14,467 shares of common stock in an open-market transaction. The filing identifies this as a sale, not a grant or option exercise, and updates his directly held share balance accordingly.

At what price were Gurusamy Mathi’s LTRX shares sold in this Form 4?

The reported weighted average sale price was $6.21 per share. According to the footnote, the transaction was executed in multiple trades at prices ranging from $6.21 to $6.28, with the average of those trades disclosed in the filing.

How many LANTRONIX (LTRX) shares does Gurusamy Mathi hold after this sale?

After selling 14,467 shares, Gurusamy Mathi directly holds 55,569 shares of LANTRONIX INC common stock. This figure reflects his position immediately following the reported open-market sale on the transaction date shown in the Form 4 filing.

What type of insider transaction is shown in this LANTRONIX (LTRX) Form 4?

The Form 4 shows an open-market sale of common stock, coded as “S.” This indicates the officer sold existing shares in regular market trades, rather than receiving new shares through options, awards, or other derivative conversions.

Does the LANTRONIX (LTRX) Form 4 mention how the sale was executed?

Yes. A footnote explains the sale was executed in multiple trades at prices between $6.21 and $6.28 per share. The Form 4 reports a single weighted average price of $6.21 and offers to provide detailed trade breakdowns upon request.