Lantronix (LTRX) director gains 8,540 shares from RSU vesting

Rhea-AI Filing Summary

Lantronix Inc. director Narbeh Derhacobian acquired 8,540 shares of common stock through RSU vesting. On May 4, 2026, restricted stock units converted into common stock on a one-for-one basis. After the transaction, he directly holds 43,139 common shares and 8,541 RSUs. These RSUs were granted on November 4, 2025 and vest in two equal installments, six months and one year after the grant date.

Insider Trade Summary

8,540 shares exercised/converted

Mixed 2 txns

Insider Derhacobian Narbeh

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	8,540	$0.00	--
Exercise	Common Stock	8,540	$0.00	--

Holdings After Transaction: Restricted Stock Units — 8,541 shares (Direct, null); Common Stock — 43,139 shares (Direct, null)

Footnotes (1)

1. Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 4, 2025 (the "Grant Date"). RSUs convert into common stock on a one-for-one basis. 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.

Key Figures

RSUs vested and converted: 8,540 shares Common stock held after transaction: 43,139 shares RSUs outstanding after transaction: 8,541 RSUs +1 more

4 metrics

RSUs vested and converted 8,540 shares Restricted stock units converting into common stock on May 4, 2026

Common stock held after transaction 43,139 shares Direct holdings following RSU conversion

RSUs outstanding after transaction 8,541 RSUs Remaining restricted stock units after 8,540 vested

RSU grant date November 4, 2025 Grant Date for the reported restricted stock units

Key Terms

Restricted Stock Units, Grant Date, vest, one-for-one basis

4 terms

Restricted Stock Units financial

"Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs")..."

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.

Grant Date financial

"RSUs granted on November 4, 2025 (the "Grant Date")."

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

vest financial

"The RSUs vest at the rate of one half (1/2) of the shares vesting six (6) months..."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

one-for-one basis financial

"RSUs convert into common stock on a one-for-one basis."

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^*

Derhacobian Narbeh

(Last) (First) (Middle)

C/O LANTRONIX

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

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	05/04/2026		M(1)		8,540	A	$0	43,139	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)	05/04/2026		M		8,540		(3)	(3)	Common Stock	8,540	$0	8,541	D

Explanation of Responses:

1. Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 4, 2025 (the "Grant Date").

2. RSUs convert into common stock on a one-for-one basis.

3. 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 Narbeh Derhacobian	05/05/2026
	** 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)

FAQ

What insider transaction did Lantronix (LTRX) director Narbeh Derhacobian report?

Lantronix director Narbeh Derhacobian reported acquiring 8,540 shares of common stock from vested restricted stock units. The RSUs converted into common stock on a one-for-one basis, increasing his direct holdings to 43,139 shares, with 8,541 RSUs remaining after the transaction.

How many Lantronix (LTRX) shares does Narbeh Derhacobian hold after this Form 4?

After the reported transactions, Narbeh Derhacobian holds 43,139 shares of Lantronix common stock directly. He also has 8,541 restricted stock units outstanding. These figures reflect his position following the May 4, 2026 RSU vesting and conversion into common shares.

What is the size of the RSU vesting reported for Lantronix (LTRX)?

The filing shows 8,540 restricted stock units vesting and converting into 8,540 shares of Lantronix common stock. The RSUs convert on a one-for-one basis, meaning each unit becomes one share when vested, with no exercise price involved in this conversion.

When were the Lantronix (LTRX) RSUs granted and how do they vest?

The restricted stock units were granted on November 4, 2025, defined as the Grant Date. They vest in two equal installments: one half of the shares vest six months after the Grant Date and the remaining half on the first anniversary, becoming fully vested after one year.

What does the M transaction code mean in this Lantronix (LTRX) Form 4?

In this Form 4, the M transaction code indicates an exercise or conversion of a derivative security. Here, it reflects restricted stock units converting into common stock, rather than an open-market purchase or sale, consistent with compensation-related RSU vesting for the director.