Lantronix CEO vests RSUs and withholds shares for taxes
Lantronix Inc President & CEO Saleel Awsare reported the vesting and settlement of 5,824 Restricted Stock Units into an equal number of common shares on June 1, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Lantronix Inc President & CEO Saleel Awsare reported the vesting and settlement of 5,824 Restricted Stock Units into an equal number of common shares on June 1, 2026. In connection with this vesting, 3,124 shares were delivered to cover tax withholding at $7.5800 per share. Following these transactions, he directly held 381,689 shares of Lantronix common stock, while the RSU grant from July 1, 2024 continues to vest through June 1, 2027.
Insider Trade Summary
5,824 shares exercised/converted
Exercise
3 txns
Insider
Awsare Saleel
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,824 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 5,824 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,124 | $7.58 | $24K |
Holdings After Transaction:
Restricted Stock Units — 23,300 contracts (Direct);
Common Stock — 381,689 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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 shares
Shares withheld for taxes: 3,124 shares
Tax withholding price: $7.5800 per share
+4 more
7 metrics
RSUs exercised
5,824 shares
Restricted Stock Units converted to common stock on June 1, 2026
Shares withheld for taxes
3,124 shares
Common shares delivered at vesting to cover required tax withholding
Tax withholding price
$7.5800 per share
Per-share value on the tax-withholding disposition (code F)
Post-transaction common holdings
381,689 shares
Direct common stock held after the reported transactions
RSUs remaining after exercise
23,300 units
Restricted Stock Units reported as outstanding after the June 1, 2026 conversion
RSU grant date
July 1, 2024
Grant date of the Restricted Stock Unit award to the CEO
Full vesting date
June 1, 2027
Date when 100% of the RSUs under this award will be fully vested
Key Terms
Restricted Stock Units, vesting, tax withholding, 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.
vesting financial
"one-third (1/3) of the shares vest on July 1, 2025"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Lantronix (LTRX) CEO Saleel Awsare report?
Saleel Awsare reported the vesting of 5,824 Restricted Stock Units into common stock and a related tax-withholding share disposition of 3,124 shares at $7.5800 per share, reflecting routine equity compensation settlement and tax coverage.
What RSU award is involved in the Lantronix (LTRX) CEO’s Form 4 filing?
The filing involves Restricted Stock Units granted on July 1, 2024. One-third of the shares vest on July 1, 2025, with the remaining two-thirds vesting quarterly through June 1, 2027, when 100% of the RSUs will be fully vested.
Does the Lantronix (LTRX) CEO’s Form 4 involve a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, meaning these transactions are not affirmed as executed under a 10b5-1 trading plan. The activity reflects RSU vesting and associated tax withholding rather than open-market trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
