Form 4: Bernhard Bruscha Reports Sale of Lantronix Shares

Bernhard Bruscha, a director and 10% owner of Lantronix, Inc., reported selling 1,051 shares of common stock on June 3, 2024.

Summary

• Bernhard Bruscha, a director and 10% owner of Lantronix, Inc. (LTRX), filed a Form 4 on June 12, 2024, reporting a transaction.
• On June 3, 2024, Bruscha sold 1,051 shares of Lantronix common stock at a price of $4.02 per share.
• Following the transaction, Bruscha directly owns 156,454 shares and indirectly owns 5,405,420 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: The document is a standard SEC filing reporting a sale of shares. It doesn't inherently convey positive or negative sentiment, but the sale of shares by a director could be interpreted neutrally to slightly negatively depending on the context.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders buy or sell shares of their company's stock. This provides transparency to the market regarding the actions of company leadership and major shareholders.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder confidence.

Key Dates