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LTRX: CEO Saleel Awsare acquires 156,752 shares; 74,535 withheld

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

Rhea-AI Filing Summary

Lantronix, Inc. (LTRX) reported insider equity activity by President & CEO and Director Saleel Awsare on 11/01/2025. He acquired 156,752 shares of common stock at $0 upon RSU vesting and had 74,535 shares withheld at $4.93 to cover taxes, leaving 373,425 shares beneficially owned directly.

The RSUs were part of an inducement grant from November 20, 2023, vesting one‑third on November 1, 2024, one‑third on November 1, 2025, and the remainder on November 1, 2026. The derivative line reflects the settlement of 156,752 RSUs into common stock.

Positive

  • None.

Negative

  • None.
Insider Awsare Saleel
Role President & CEO
Type Security Shares Price Value
Exercise Restricted Stock Units 156,752 $0.00 --
Grant/Award Common Stock 156,752 $0.00 --
Tax Withholding Common Stock 74,535 $4.93 $367K
Holdings After Transaction: Restricted Stock Units — 156,752 shares (Direct); Common Stock — 447,960 shares (Direct)
Footnotes (1)
  1. Represents inducement restricted stock units ("Inducement RSUs") granted on November 20, 2023. The shares subject to the Inducement RSUs vest according to the following schedule: 1/3rd of the Inducement RSUs shall vest on November 1, 2024, 1/3rd of the Inducement RSUs shall vest on November 1, 2025 and the remaining Inducement RSUs shall vest on November 1, 2026. In accordance with the terms of the applicable RSU award agreements, 74,535 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)
11/01/2025
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 11/01/2025 A(1) 156,752 A $0 447,960 D
Common Stock 11/01/2025 F(2) 74,535 D $4.93 373,425 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) 11/01/2025 M 156,752 (1) (1) Common Stock 156,752 $0 156,752 D
Explanation of Responses:
1. Represents inducement restricted stock units ("Inducement RSUs") granted on November 20, 2023. The shares subject to the Inducement RSUs vest according to the following schedule: 1/3rd of the Inducement RSUs shall vest on November 1, 2024, 1/3rd of the Inducement RSUs shall vest on November 1, 2025 and the remaining Inducement RSUs shall vest on November 1, 2026.
2. In accordance with the terms of the applicable RSU award agreements, 74,535 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
/s/ Brent Stringham, Attorney-in-fact for Saleel Awsare 11/04/2025
** 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 transaction did LTRX report?

On 11/01/2025, CEO Saleel Awsare acquired 156,752 shares via RSU vesting and had 74,535 shares withheld for taxes at $4.93.

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

Following the reported transactions, direct beneficial ownership is 373,425 shares.

What was the price for the RSU share acquisition?

The RSU conversion resulted in acquiring 156,752 shares at $0 as part of vesting.

Why were 74,535 LTRX shares withheld?

Per the RSU agreement, 74,535 shares were withheld to cover required tax withholding at $4.93.

What is the vesting schedule for the inducement RSUs?

One‑third vests on November 1, 2024, one‑third on November 1, 2025, and the remainder on November 1, 2026.

What roles does Saleel Awsare hold at Lantronix (LTRX)?

He is President & CEO and a Director of Lantronix, Inc.