Lantronix (LTRX) CRO acquires shares via RSU vesting, tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lantronix Chief Revenue Officer Kurt W. Hoff had 28,046 Restricted Stock Units vest into an equal number of Lantronix common shares on July 11, 2026, from a grant dated July 11, 2025. To satisfy tax obligations, 12,788 shares were withheld at vesting rather than sold on the market. After these compensation-related transactions, Hoff holds 64,098 common shares directly and 56,943 unvested RSUs, which continue to vest quarterly until they are fully vested on June 1, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
28,046 shares exercised/converted
Mixed
3 txns
Insider
Hoff Kurt W
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 28,046 | $0.00 | -- |
| Exercise | Common Stock | 28,046 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,788 | $5.60 | $72K |
Holdings After Transaction:
Restricted Stock Units — 56,943 shares (Direct);
Common Stock — 76,886 shares (Direct)
Footnotes (1)
- 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. In accordance with the terms of the RSU Agreement, 12,788 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Key Figures
RSUs vested: 28046.0000 shares
Shares withheld for taxes: 12788.0000 shares
Direct common shares after transactions: 64098.0000 shares
+2 more
5 metrics
RSUs vested
28046.0000 shares
Restricted Stock Units that vested into common stock on July 11, 2026
Shares withheld for taxes
12788.0000 shares
Common shares withheld at vesting to cover required tax withholding
Direct common shares after transactions
64098.0000 shares
Lantronix common stock directly owned by Kurt W. Hoff after the reported activity
Unvested RSUs remaining
56943.0000 shares
Restricted Stock Units remaining following the vesting event, scheduled to vest through June 1, 2028
Withholding valuation price
$5.6000 per share
Price used to value the 12,788 shares withheld for tax obligations
Key Terms
Restricted Stock Units, tax withholding, derivative security, RSU Agreement
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.
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.
RSU Agreement financial
"In accordance with the terms of the RSU Agreement, 12,788 shares"