Lantronix CEO acquires 156,752 shares as award vests

The final scheduled vesting tranche was recorded alongside a tax-withholding count that differs between the transaction row and its footnote.

Available on EDGAR 11/02/2026 - 08:06 PM EST Accepted by SEC EDGAR 11/02/2026 - 08:06 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Lantronix Inc. President & CEO Saleel Awsare reported the vesting of 156,752 inducement RSUs and acquisition of 156,752 common shares on November 1, 2026, the final scheduled vesting tranche of an award granted November 20, 2023. The transaction row reports 76,259 shares withheld at $6.01 per share for tax withholding; the linked footnote states that 76,269 shares were withheld for required tax withholding.

Insider Trade Summary

156,752 shares exercised/converted

Exercise 3 txns

Insider Awsare Saleel

Role President & CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1	156,752	$0.00	$0.00
Grant/Award	Common Stock F1	156,752	$0.00	$0.00
Tax Withholding	Common Stock F2	76,259	$6.01	$458K

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 533,874 shares (Direct)

Holdings Before and After: Restricted Stock Units, 156,752 to 0 contracts (Direct); Common Stock, 453,381 to 533,874 shares (Direct)

Footnotes (2)

1. F1. Represents inducement restricted stock units ("Inducement RSUs") granted on November 20, 2023. The shares subject to the Inducement RSUs vested according to the following schedule: 1/3rd of the Inducement RSUs vested on November 1, 2024, 1/3rd of the Inducement RSUs vested on November 1, 2025 and the remaining Inducement RSUs vested on November 1, 2026.
2. F2. In accordance with the terms of the applicable RSU award agreements, 76,269 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

Key Figures

Inducement RSUs vested: 156,752 RSUs Common shares acquired: 156,752 shares Shares withheld, transaction row: 76,259 shares +2 more

5 metrics

Inducement RSUs vested 156,752 RSUs Final scheduled tranche vested November 1, 2026

Common shares acquired 156,752 shares November 1, 2026

Shares withheld, transaction row 76,259 shares Reported for tax withholding on November 1, 2026

Shares withheld, footnote 76,269 shares Footnote states shares were withheld at vesting for required tax withholding

Reported price per share $6.01 per share Transaction row for the tax-withholding shares

Key Terms

Inducement RSUs, RSU award agreements, tax withholding

3 terms

Inducement RSUs financial

"Represents inducement restricted stock units (“Inducement RSUs”)"

Inducement RSUs are shares promised to a new or retained employee as a hiring or retention incentive, paid out over time or once certain goals are met. Think of them as a signing bonus in company stock that the worker only fully 'earns' after staying or hitting targets; investors care because these awards increase the number of shares outstanding and add to reported compensation costs, affecting earnings per share and ownership dilution.

RSU award agreements financial

"terms of the applicable RSU award agreements"

tax withholding financial

"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Lantronix RSUs vested for Saleel Awsare?

Saleel Awsare's final scheduled tranche covered 156,752 inducement RSUs, which vested on November 1, 2026. The award was granted November 20, 2023, with earlier vesting dates of November 1, 2024 and November 1, 2025.

How many shares were withheld for taxes in Saleel Awsare's Lantronix transaction?

The transaction row lists 76,259 shares withheld at $6.01 per share, while the linked footnote says 76,269 shares of Lantronix common stock were withheld at vesting for required tax withholding.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 CALIFORNIA 92618

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	11/01/2026		A(1)		156,752	A	$0	610,133	D
Common Stock	11/01/2026		F(2)		76,259	D	$6.01	533,874	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)	11/01/2026		M			156,752	(1)	(1)	Common Stock	156,752	$0	0	D

Explanation of Responses:

1. Represents inducement restricted stock units ("Inducement RSUs") granted on November 20, 2023. The shares subject to the Inducement RSUs vested according to the following schedule: 1/3rd of the Inducement RSUs vested on November 1, 2024, 1/3rd of the Inducement RSUs vested on November 1, 2025 and the remaining Inducement RSUs vested on November 1, 2026.

2. In accordance with the terms of the applicable RSU award agreements, 76,269 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

	/s/ Brent Stringham, Attorney-in-fact for Saleel Awsare	11/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)