Lantronix (LTRX) insider shifts 58K shares into family trust
Rhea-AI Filing Summary
LANTRONIX INC (LTRX) director Hoshi Printer reported an internal reallocation of holdings on August 25, 2026. He made a bona fide gift of 58,016 shares of common stock from his direct holdings to the Printer Family Trust for no consideration, while remaining the beneficial owner of those shares.
After these movements, he directly held 136,990 shares and indirectly held 92,574 shares through the Printer Family Trust. The filing states that he and his spouse are trustees of the trust and that he and his immediate family are its sole beneficiaries, so he continues to be treated as the beneficial owner of the trust-held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
116,032 shares gifted
Gift
2 txns
Insider
PRINTER HOSHI
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 58,016 | $0.00 | $0.00 |
| Gift | Common Stock F1 | 58,016 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 136,990 shares (Direct);
Common Stock — 92,574 shares (Indirect, By Printer Family Trust)
Footnotes (1)
- F1. On August 25, 2026, the reporting person transferred 58,016 shares of common stock to the Printer Family Trust for no consideration. The reporting person and his spouse are the trustees of the trust, and the reporting person and members of his immediate family are the sole beneficiaries of the trust. The reporting person remains the beneficial owner of the shares held by the trust.
Key Figures
Shares gifted to Printer Family Trust: 58,016 shares of common stock
Direct holdings after transaction: 136,990 shares of common stock
Indirect holdings after transaction: 92,574 shares of common stock
+2 more
5 metrics
Shares gifted to Printer Family Trust
58,016 shares of common stock
Bona fide gift transfer on August 25, 2026
Direct holdings after transaction
136,990 shares of common stock
Shares directly owned by Hoshi Printer following the gift
Indirect holdings after transaction
92,574 shares of common stock
Shares held indirectly through the Printer Family Trust
Total shares involved in gifts
116,032 shares of common stock
Aggregate shares reported in bona fide gift transactions on August 25, 2026
Gift price per share
$0.0000 per share
Shares transferred to the Printer Family Trust for no consideration
Key Terms
bona fide gift, beneficial owner, indirect ownership, Form 4
4 terms
bona fide gift financial
"The transaction_code_description is "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial owner financial
"The reporting person remains the beneficial owner of the shares held"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
indirect ownership financial
"Ownership_type "indirect" with nature "By Printer Family Trust""
Form 4 regulatory
"INSIDER FILING DATA (Form 4) shows the reported transactions"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Hoshi Printer report for LANTRONIX INC (LTRX)?
Hoshi Printer reported transferring 58,016 shares of LANTRONIX common stock on August 25, 2026 as a bona fide gift to the Printer Family Trust for no consideration, reclassifying part of his holdings from direct to indirect ownership.
How did Hoshi Printer’s direct LANTRONIX (LTRX) holdings change?
Following the gift, Hoshi Printer’s direct ownership in LANTRONIX common stock was reported as 136,990 shares. The 58,016 shares transferred to the Printer Family Trust moved out of his direct account but remain under his beneficial ownership.
What are Hoshi Printer’s indirect holdings in LANTRONIX (LTRX)?
After the August 25, 2026 gift transaction, Hoshi Printer’s indirect ownership through the Printer Family Trust was reported as 92,574 shares of LANTRONIX common stock.
Was the LANTRONIX (LTRX) insider gift under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox as not checked, and the footnote describes the transfer simply as a bona fide gift to the Printer Family Trust for no consideration.
AI-generated analysis. How Rhea-AI works. Not financial advice.
