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[Form 4] Lantronix Inc Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Saleel Awsare, who is listed as President & CEO and a director of Lantronix, Inc. (LTRX), reported transactions on 09/01/2025 related to restricted stock units (RSUs). 5,825 RSUs were deemed acquired as vested shares from an award granted July 1, 2024, and 2,084 shares were withheld to satisfy tax withholding, resulting in 291,208 shares of common stock beneficially owned after the withholding. The RSU award vests one-third on July 1, 2025, then quarterly beginning September 1, 2025, with full vesting by June 1, 2027.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine executive RSU vesting with tax-withholding; no new sales or external issuances reported.

The filing documents standard compensation-related equity vesting for the company’s President & CEO and director. 5,825 RSUs vested on 09/01/2025 and 2,084 shares were withheld to cover tax obligations, leaving 291,208 shares beneficially owned. The vesting schedule is time-based with remaining RSUs to vest quarterly through June 1, 2027. This is a governance and compensation disclosure rather than a market liquidity or insider-sale event.

TL;DR: No disposition for cash sales; change reflects compensation vesting and tax withholding only.

Transactions recorded include an acquisition code for vested RSUs and a withholding disposition to satisfy taxes. There is no cash-proceeds sale or transfer to third parties disclosed. The report clarifies the mechanics of the RSU award and outstanding derivative exposure of 40,774 underlying shares from RSUs after the reported transactions.

Insider Awsare Saleel
Role President & CEO
Type Security Shares Price Value
Exercise Restricted Stock Units 5,825 $0.00 --
Grant/Award Common Stock 5,825 $0.00 --
Tax Withholding Common Stock 2,084 $4.97 $10K
Holdings After Transaction: Restricted Stock Units — 40,774 shares (Direct); Common Stock — 293,292 shares (Direct)
Footnotes (1)
  1. Represents restricted stock units ("RSUs") granted on July 1, 2024. The restricted stock units ("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. In accordance with the terms of the applicable RSU award agreements, 2,084 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Form 4 Insider Transactions: What Each Field Means →
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 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
X Officer (give title below) Other (specify below)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025
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 09/01/2025 A(1) 5,825 A $0 293,292 D
Common Stock 09/01/2025 F(2) 2,084 D $4.97 291,208 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 (1) 09/01/2025 M 5,825 (1) (1) Common Stock 5,825 $0 40,774 D
Explanation of Responses:
1. Represents restricted stock units ("RSUs") granted on July 1, 2024. The restricted stock units ("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. In accordance with the terms of the applicable RSU award agreements, 2,084 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
/s/ Brent Stringham, Attorney-in-fact for Saleel Awsare 09/03/2025
** 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.
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.

Source: View Original Filing on SEC EDGAR