Form 4: Bernhard Bruscha Reports Lantronix Share Sale

Bernhard Bruscha, a director and 10% owner of Lantronix, Inc., reported selling 23,949 shares of common stock at a weighted average price of $4.0357 on July 31, 2024.

Summary

• On July 31, 2024, Bernhard Bruscha, a director and 10% owner of Lantronix, Inc. (LTRX), sold 23,949 shares of common stock.
• The sale was executed at prices ranging from $4.02 to $4.05, with a weighted average price of $4.0357.
• Following the transaction, Bruscha directly owns 156,454 shares and indirectly owns 5,381,471 shares through TL Investment GmbH, where he serves as managing director.
• He also indirectly owns 22,993 shares through his spouse, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of share sales. The sale itself doesn't necessarily indicate a positive or negative outlook, but rather a transaction by an insider.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This sale by a director is a data point for investors to consider.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment.

Key Dates