How many LTRX RSU-related derivative exercises did the CEO report?

The Form 4 reports three derivative transactions, each an exercise or conversion of restricted stock units into Lantronix common stock, covering 5,825, 14,428 and 31,083 underlying shares on September 1, 2026.

What price per share was used for the LTRX tax withholding transactions?

For the tax withholding related to RSU vesting, the company withheld 9,852 and 15,121 common shares at a stated price of $5.15 per share to satisfy required tax obligations under the applicable RSU award agreements.

Lantronix CEO reports RSU vesting, tax withholding

Q: What equity award activity did LTRX’s CEO report on September 1, 2026?

Saleel Awsare reported vesting and exercise of restricted stock units, converting them into blocks of 5,825, 14,428 and 31,083 Lantronix common shares, all at a $0.00 exercise price, reflecting equity compensation vesting rather than market purchases.

Q: Were any LTRX shares sold in the open market in this Form 4?

No. The filing shows code F dispositions where 9,852 and 15,121 shares were withheld at $5.15 per share to cover tax withholding on RSU vesting, rather than open-market sales for investment purposes.

Lantronix’s CEO reported RSU vesting into common stock and share withholding to satisfy related tax obligations, with no open-market trades disclosed.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

LANTRONIX INC (LTRX) reported that President & CEO Saleel Awsare had several equity award-related transactions on September 1, 2026. Restricted stock units were exercised into common stock in three blocks of 5,825, 14,428 and 31,083 shares, and common shares were acquired at no cash cost in connection with these vestings. Separate transactions show 9,852 and 15,121 common shares withheld at $5.15 per share to cover required tax withholding, and no Rule 10b5-1 trading plan is reported.

Insights

Analyzing...

Insider Trade Summary

51,336 shares exercised/converted

Exercise 8 txns

Insider Awsare Saleel

Role President & CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^F1	5,825	$0.00	$0.00
Exercise	Restricted Stock Units ^F2	14,428	$0.00	$0.00
Exercise	Restricted Stock Units ^F4	31,083	$0.00	$0.00
Grant/Award	Common Stock ^F1	5,825	$0.00	$0.00
Grant/Award	Common Stock ^F2	14,428	$0.00	$0.00
Tax Withholding	Common Stock ^F3	9,852	$5.15	$51K
Grant/Award	Common Stock ^F4	31,083	$0.00	$0.00
Tax Withholding	Common Stock ^F5	15,121	$5.15	$78K

Holdings After Transaction: Restricted Stock Units — 161,989 contracts (Direct); Common Stock — 438,381 shares (Direct)

Footnotes (5)

F1. Represents restricted stock units ("RSUs") granted on July 1, 2024. The 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.
F2. Represents RSUs granted on July 11, 2025. The 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.
F3. In accordance with the terms of the applicable RSU award agreements, 9,852 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
F4. On July 11, 2025, the reporting person was granted RSUs with performance-based vesting requirements. The number of RSUs that were eligible to vest based on certain earnings per share targets and revenue targets for fiscal 2026 shall vest such that 31,083 shares vest on September 1, 2026 and the remaining 43,519 shares vest quarterly thereafter beginning December 1, 2026 such that one hundred percent (100%) of the RSUs will be fully vested on June 1, 2028.
F5. In accordance with the terms of the applicable RSUs with performance-based vesting requirements award agreements, 15,121 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

Key Figures

RSUs exercised into common stock: 5,825 shares Additional RSUs exercised: 14,428 shares Performance-based RSUs vested: 31,083 shares +3 more

6 metrics

RSUs exercised into common stock 5,825 shares Restricted stock units converting into Lantronix common stock on September 1, 2026

Additional RSUs exercised 14,428 shares Second RSU block converting into common stock on September 1, 2026

Performance-based RSUs vested 31,083 shares Performance-based RSUs vesting into common stock on September 1, 2026

Shares withheld for tax (time-based RSUs) 9,852 shares Common shares withheld at vesting to cover required tax withholding

Shares withheld for tax (performance RSUs) 15,121 shares Common shares withheld at vesting to cover required tax withholding

Withholding price per share $5.15 per share Price applied to shares withheld for tax obligations on September 1, 2026

Key Terms

Restricted Stock Units, performance-based vesting requirements, earnings per share targets, revenue targets, +1 more

5 terms

Restricted Stock Units financial

"Represents restricted stock units ("RSUs") granted on July 1, 2024"

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.

performance-based vesting requirements financial

"was granted RSUs with performance-based vesting requirements"

revenue targets financial

"eligible to vest based on certain earnings per share targets and revenue targets"

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.

FAQ

What equity award activity did LTRX’s CEO report on September 1, 2026?

Saleel Awsare reported vesting and exercise of restricted stock units, converting them into blocks of 5,825, 14,428 and 31,083 Lantronix common shares, all at a $0.00 exercise price, reflecting equity compensation vesting rather than market purchases.

Were any LTRX shares sold in the open market in this Form 4?

No. The filing shows code F dispositions where 9,852 and 15,121 shares were withheld at $5.15 per share to cover tax withholding on RSU vesting, rather than open-market sales for investment purposes.

Were the LTRX CEO’s September 1, 2026 transactions under a Rule 10b5-1 plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, and the transactions are described in the footnotes as RSU grants and vesting with related tax withholding, not as trades under a pre-arranged trading plan.

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Available on EDGAR 09/03/2026 - 04:20 PM Accepted by SEC EDGAR 09/03/2026 - 04:13 PM

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

CALIFORNIA

92618

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/01/2026		A⁽¹⁾		5,825	A	$0	417,843	D
Common Stock	09/01/2026		A⁽²⁾		14,428	A	$0	432,271	D
Common Stock	09/01/2026		F⁽³⁾		9,852	D	$5.15	422,419	D
Common Stock	09/01/2026		A⁽⁴⁾		31,083	A	$0	453,502	D
Common Stock	09/01/2026		F⁽⁵⁾		15,121	D	$5.15	438,381	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	09/01/2026		M			5,825	⁽¹⁾	⁽¹⁾	Common Stock	5,824	$0	17,475	D
Restricted Stock Units	⁽²⁾	09/01/2026		M			14,428	⁽²⁾	⁽²⁾	Common Stock	14,428	$0	100,995	D
Restricted Stock Units	⁽⁴⁾	09/01/2026		M			31,083	⁽⁴⁾	⁽⁴⁾	Common Stock	31,083	$0	43,519	D

Explanation of Responses:

1. Represents restricted stock units ("RSUs") granted on July 1, 2024. The 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. Represents RSUs granted on July 11, 2025. The 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.

3. In accordance with the terms of the applicable RSU award agreements, 9,852 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

4. On July 11, 2025, the reporting person was granted RSUs with performance-based vesting requirements. The number of RSUs that were eligible to vest based on certain earnings per share targets and revenue targets for fiscal 2026 shall vest such that 31,083 shares vest on September 1, 2026 and the remaining 43,519 shares vest quarterly thereafter beginning December 1, 2026 such that one hundred percent (100%) of the RSUs will be fully vested on June 1, 2028.

5. In accordance with the terms of the applicable RSUs with performance-based vesting requirements award agreements, 15,121 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

	/s/ Brent Stringham, Attorney-in-fact for Saleel Awsare	09/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR