Lantronix (LTRX) CEO records RSU vesting and tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lantronix Inc. President & CEO Saleel Awsare reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 1, 2026, 5,824 restricted stock units were exercised into 5,824 shares of common stock, reflecting a scheduled vesting from RSUs originally granted on July 1, 2024.
In connection with this vesting, 3,124 shares of Lantronix common stock were withheld at an implied value of $7.58 per share to cover required tax obligations, a non-market disposition. After these transactions, Awsare directly owned 384,813 shares of common stock, indicating a modest net increase in his equity stake driven by compensation rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,824 shares exercised/converted
Mixed
3 txns
Insider
Awsare Saleel
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,824 | $0.00 | -- |
| Grant/Award | Common Stock | 5,824 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,124 | $7.58 | $24K |
Holdings After Transaction:
Restricted Stock Units — 23,300 shares (Direct, null);
Common Stock — 384,813 shares (Direct, null)
Footnotes (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, 3,124 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Key Figures
RSUs exercised: 5,824 units
Shares withheld for taxes: 3,124 shares
Tax withholding share value: $7.58 per share
+3 more
6 metrics
RSUs exercised
5,824 units
Restricted Stock Units converted to common stock on June 1, 2026
Shares withheld for taxes
3,124 shares
Common stock withheld at vesting to cover tax obligations
Tax withholding share value
$7.58 per share
Implied value of common stock used for tax withholding
Shares acquired via grant
5,824 shares
Common stock acquired at $0.00 per share as grant/award
Common shares after transactions
384,813 shares
CEO’s direct Lantronix common stock holdings following Form 4 activity
Remaining RSUs
23,300 units
Restricted Stock Units remaining after the reported RSU exercise
Key Terms
Restricted Stock Units, tax withholding, Grant, award, or other acquisition, Exercise or conversion of derivative security
4 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.
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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
What insider transactions did Lantronix (LTRX) CEO Saleel Awsare report?
Saleel Awsare reported routine equity compensation activity on common stock. 5,824 restricted stock units vested into 5,824 shares, and 3,124 shares were withheld to cover taxes. These were not open-market purchases or sales but standard compensation and tax-withholding events.
Were the Lantronix (LTRX) CEO’s transactions open-market buys or sells?
The reported transactions were not open-market trades. They reflect RSU vesting, an acquisition of 5,824 common shares at $0.00 per share, and a tax-withholding disposition of 3,124 shares at $7.58 per share, all tied to equity compensation and required tax payments.
What do the restricted stock units in the Lantronix (LTRX) Form 4 represent?
The restricted stock units were granted on July 1, 2024 and vest over time through June 1, 2027. On June 1, 2026, 5,824 RSUs converted into common shares as part of this schedule, illustrating ongoing equity-based compensation for the CEO.