AI assistant
LANTRONIX INC — Director's Dealing 2025
Jun 3, 2025
33788_dirs_2025-06-03_472ca860-c5ba-40c0-bd6c-5203de2e5197.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2025-06-01
Reporting Person: Gurusamy Mathi (Chief Product & Strategy Ofc)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-06-01 | Common Stock | M | 31893 | — | Acquired | 52443 | Direct |
| 2025-06-01 | Common Stock | F | 12152 | $2.19 | Disposed | 40291 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-06-01 | Restricted Stock Units | $ | M | 31893 | Disposed | Common Stock (31893) | Direct |
Footnotes
F1: Represents inducement restricted stock units ("Inducement RSUs") granted on June 1, 2024. The shares subject to the Inducement RSUs shall vest such that one-third (1/3) of the shares vest on June 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: In accordance with the terms of the RSU Agreement, 12,152 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.