Lantronix CRO gets 31,121 shares in RSU vesting
Lantronix’s chief revenue officer reported RSU vesting into common stock with a portion of shares withheld for taxes, and no open-market trades disclosed.
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Form Type
4
Rhea-AI Filing Summary
LANTRONIX INC (LTRX) reported that Chief Revenue Officer Kurt W. Hoff had multiple restricted stock unit (RSU) vestings and conversions into common stock on September 1, 2026. He exercised RSUs into 31,121 shares of common stock, and 14,189 shares were withheld to cover required tax withholding at $5.15 per share. No Rule 10b5-1 trading plan is reported.
Insider Trade Summary
31,121 shares exercised/converted
Exercise
10 txns
Insider
Hoff Kurt W
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 3,468 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2 | 7,118 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3 | 5,200 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F5 | 15,335 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,468 | $0.00 | $0.00 |
| Exercise | Common Stock F2 | 7,118 | $0.00 | $0.00 |
| Exercise | Common Stock F3 | 5,200 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F4 | 7,197 | $5.15 | $37K |
| Exercise | Common Stock F5 | 15,335 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F6 | 6,992 | $5.15 | $36K |
Holdings After Transaction:
Restricted Stock Units — 92,104 contracts (Direct);
Common Stock — 81,030 shares (Direct)
Footnotes (6)
- F1. Represents restricted stock units ("RSUs") granted on July 1, 2024. The RSUs shall vest such that one-third (1/3) of the shares vest on July 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on September 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on June 1, 2027.
- F2. Represents RSUs granted on July 11, 2025. The 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.
- F3. Represents RSUs granted on March 5, 2024. The RSUs shall vest such that one-third (1/3) of the shares vest on March 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on June 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on March 1, 2027.
- F4. In accordance with the terms of the RSU Agreement, 7,197 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
- F5. On July 11, 2025, the reporting person was granted RSUs with performance-based vesting requirements. The number of RSUs that were eligible to vest based on certain earnings per share targets and revenue targets for fiscal 2026 shall vest such that 15,335 shares vest on September 1, 2026 and the remaining 21,469 shares vest quarterly thereafter beginning December 1, 2026 such that one hundred percent (100%) of the RSUs will be fully vested on June 1, 2028.
- F6. In accordance with the terms of the applicable RSUs with performance-based vesting requirements award agreements, 6,992 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Key Figures
RSU exercises into common stock: 31,121 shares
Shares withheld for taxes: 14,189 shares
First tax-withholding block: 7,197 shares
+4 more
7 metrics
RSU exercises into common stock
31,121 shares
RSUs converted to Lantronix common stock on September 1, 2026
Shares withheld for taxes
14,189 shares
Shares of common stock withheld at vesting to cover tax withholding
First tax-withholding block
7,197 shares
Common shares withheld for tax withholding under an RSU agreement
Second tax-withholding block
6,992 shares
Common shares withheld for tax withholding under performance-based RSUs
Tax withholding price
$5.15 per share
Price used for common shares withheld to satisfy tax liabilities
RSU performance vesting tranche
15,335 shares
Performance-based RSUs vesting on September 1, 2026
Remaining performance-based RSUs
21,469 shares
RSUs scheduled to vest quarterly beginning December 1, 2026
Key Terms
Restricted Stock Units, performance-based vesting requirements, earnings per share targets, revenue targets, +1 more
5 terms
Restricted Stock Units financial
"Represents restricted stock units ("RSUs") granted on July 1, 2024."
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.
performance-based vesting requirements financial
"RSUs with performance-based vesting requirements."
revenue targets financial
"based on certain earnings per share targets and revenue targets"
tax withholding financial
"shares ... 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did LTRX’s Chief Revenue Officer report in this Form 4?
Kurt W. Hoff reported RSU vestings and their conversion into 31,121 shares of Lantronix common stock on September 1, 2026, with a portion of the resulting shares withheld to satisfy tax obligations.
Were there any open-market purchases or sales by the LTRX insider?
No. The Form 4 shows RSU exercises into common stock and shares withheld to pay tax liabilities. It does not report any open-market purchases or sales of Lantronix common stock.
What RSU grants are referenced for the LTRX Chief Revenue Officer?
The footnotes reference RSU grants dated March 5, 2024, July 1, 2024, and July 11, 2025, including time-based and performance-based vesting schedules running through June 1, 2028.
Was a Rule 10b5-1 trading plan used for these LTRX transactions?
No. The filing indicates that no Rule 10b5-1 plan is affirmatively reported for these RSU exercises and tax-withholding transactions.
What types of securities were involved in the LTRX Form 4 transactions?
The transactions involved Restricted Stock Units (RSUs) that converted into common stock of Lantronix, with some of the resulting common shares withheld to cover tax obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
