Lantronix officer exercises RSUs, covers taxes
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Lantronix Inc Chief Product & Strategy Officer Gurusamy Mathi converted 28,046 restricted stock units into common stock on July 11, 2026. In connection with this RSU vesting, 10,062 shares were withheld to cover tax obligations. After these transactions, he holds 80,806 common shares directly and 56,943 RSUs.
Insider Trade Summary
28,046 shares exercised/converted
Exercise
3 txns
Insider
Gurusamy Mathi
Role
Chief Product & Strategy Ofcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 28,046 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 28,046 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 10,062 | $5.60 | $56K |
Holdings After Transaction:
Restricted Stock Units — 56,943 units (Direct);
Common Stock — 80,806 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 84,989 to 56,943 units (Direct);
Common Stock, 62,822 to 80,806 shares (Direct)
Footnotes (2)
- F1. Represents restricted stock units ("RSUs") granted on July 11, 2025. The restricted stock units ("RSUs") shall vest such that one-third (1/3) of the shares vest on July 11, 2026 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on September 1, 2026, such that one hundred percent (100%) of the RSUs will be fully vested on June 1, 2028.
- F2. In accordance with the terms of the RSU Agreement, 10,062 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Key Figures
RSUs Converted to Common Stock: 28,046 shares
Shares Withheld for Taxes: 10,062 shares
Common Shares Held After Transactions: 90,868 shares
+3 more
6 metrics
RSUs Converted to Common Stock
28,046 shares
Restricted stock units converted on July 11, 2026
Shares Withheld for Taxes
10,062 shares
Common shares withheld at RSU vesting to cover tax obligations
Common Shares Held After Transactions
90,868 shares
Direct Lantronix common stock holdings following July 11, 2026 transactions
RSUs Remaining After Vesting
56,943 units
Restricted stock units remaining following the July 11, 2026 vesting and conversion
Tax Withholding Reference Price
$5.6000 per share
Price associated with 10,062-share tax-withholding disposition
RSU Exercise Price
$0.0000 per unit
Exercise or conversion price of restricted stock units
Key Terms
Restricted Stock Units, RSU Agreement, tax withholding, derivative security
4 terms
Restricted Stock Units financial
"Represents restricted stock units ("RSUs") granted on July 11, 2025."
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.
RSU Agreement financial
"In accordance with the terms of the RSU Agreement, 10,062 shares..."
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
"transaction_code_description": "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 did Gurusamy Mathi report in this Form 4 for LTRX?
Lantronix executive Gurusamy Mathi reported the vesting and conversion of 28,046 restricted stock units into common stock, plus a related tax-withholding transaction where 10,062 shares were withheld to satisfy required tax obligations.
How many Lantronix (LTRX) restricted stock units did Mathi convert?
Gurusamy Mathi converted 28,046 restricted stock units into Lantronix common stock on July 11, 2026. These RSUs were part of a grant awarded on July 11, 2025 with time-based vesting through June 1, 2028.
What are Gurusamy Mathi’s holdings in LTRX after these transactions?
Following the reported transactions, Gurusamy Mathi directly holds 90,868 shares of Lantronix common stock and 56,943 restricted stock units, reflecting his remaining equity-based compensation position after the July 11, 2026 vesting event.
How do the RSUs for Lantronix (LTRX) vest for Gurusamy Mathi?
The RSUs granted on July 11, 2025 vest over time: one-third vests on July 11, 2026, and the remaining two-thirds vest quarterly starting September 1, 2026, so all RSUs are fully vested by June 1, 2028.
AI-generated analysis. How Rhea-AI works. Not financial advice.
