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LTRX Form 4: 13,751 RSUs vested; new 17,081 RSUs granted

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

Rhea-AI Filing Summary

Lantronix (LTRX): Director insider activity

A company director reported Form 4 transactions tied to restricted stock units (RSUs). On 11/05/2025, 13,751 RSUs vested and converted into the same number of common shares at $0, leaving 23,751 common shares beneficially owned directly. The RSUs were granted on June 12, 2025 and convert one-for-one into common stock. A separate grant of 17,081 RSUs was acquired on 11/04/2025, with vesting half six months after the grant date and half on the first anniversary, reaching full vesting after one year.

Positive

  • None.

Negative

  • None.
Insider Chittipeddi Sailesh
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 13,751 $0.00 --
Exercise Common Stock 13,751 $0.00 --
Grant/Award Restricted Stock Units 17,081 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 23,751 shares (Direct)
Footnotes (1)
  1. Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on June 12, 2025 (the "Grant Date"). RSUs convert into common stock on a one-for-one basis. The restricted stock units ("RSUs") vested 100% on November 5, 2025. The RSUs vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date and one half (1/2) of the shares vesting on the first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.
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*
Chittipeddi Sailesh
(Last) (First) (Middle)
C/O LANTRONIX
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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/04/2025
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 11/05/2025 M(1) 13,751 A $0 23,751 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 (2) 11/05/2025 M 13,751 (3) (3) Common Stock 13,751 $0 0 D
Restricted Stock Units (2) 11/04/2025 A 17,081 (4) (4) Common Stock 17,081 $0 17,081 D
Explanation of Responses:
1. Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on June 12, 2025 (the "Grant Date").
2. RSUs convert into common stock on a one-for-one basis.
3. The restricted stock units ("RSUs") vested 100% on November 5, 2025.
4. The RSUs vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date and one half (1/2) of the shares vesting on the first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.
/s/ Brent Stringham, Attorney-in-fact for Sailesh Chittipeddi 11/06/2025
** 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

FAQ

What insider transactions did LTRX report?

A director reported RSU-related activity: 13,751 RSUs vested into common shares on 11/05/2025 and 17,081 RSUs were acquired on 11/04/2025.

How many LTRX shares were issued upon RSU vesting?

13,751 common shares were issued at a price of $0 on 11/05/2025.

How many LTRX shares does the insider own after the transactions?

The filing lists 23,751 common shares beneficially owned directly after the reported transactions.

What does transaction code M indicate in this LTRX filing?

Code M indicates the exercise or conversion of a derivative security, here RSUs converting into common stock.

What is the vesting schedule for the newly acquired LTRX RSUs?

For the 17,081 RSUs acquired on 11/04/2025, half vest six months after the 06/12/2025 grant date and half on the first anniversary, fully vesting after one year.

Do LTRX RSUs convert to common stock one-for-one?

Yes. The filing states RSUs convert into common stock on a one-for-one basis.