Form 4: Lantronix 10% Owner Gifts 3M Shares to Charity

Bernhard Bruscha, a Director and 10% owner of Lantronix Inc., gifted 3,000,000 shares of common stock to a charitable foundation.

Summary

• Bernhard Bruscha, a Director and 10% owner of Lantronix Inc. (LTRX), reported a transaction on December 1, 2025.
• The transaction involved the disposition of 3,000,000 shares of Common Stock as a bona fide gift to a charitable foundation, TL Stiftung.
• The shares were transferred at a price of $0 per share.
• Following this transaction, Bruscha beneficially owns 2,347,925 shares of Lantronix Common Stock.
• This total includes 2,166,471 shares previously owned indirectly through TL Investment GmbH.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive due to the charitable nature of the gift, which can reflect positively on the insider and potentially the company's ESG profile. However, it is tempered by the reduction in direct insider ownership, which some investors might view with slight caution, despite it not being a sale for profit.

Positives

• The transaction represents a significant charitable contribution by a key insider, potentially enhancing the company's and the insider's public image.

Negatives

• The disposition of 3,000,000 shares by a 10% owner reduces the insider's direct beneficial ownership in the company.

Industry Context

This insider transaction reflects a personal decision by a significant shareholder and director, rather than a direct response to broader industry trends. While large insider dispositions can sometimes draw market attention, the nature of this transaction as a charitable gift distinguishes it from a sale for personal profit.

Related Party Transactions

• Bernhard Bruscha made an irrevocable transfer of 3,000,000 shares as a bona fide gift to a charitable foundation, TL Stiftung. The 'TL' in the foundation's name suggests a potential connection to 'TL Investment GmbH', through which Bruscha previously held shares indirectly.

Stakeholder Impact

• Shareholders may observe a significant reduction in a key insider's direct beneficial ownership, which could be interpreted in various ways, though the charitable nature of the gift mitigates concerns typically associated with insider sales.
• The charitable foundation, TL Stiftung, is a direct beneficiary of this transaction.

Key Dates

Keywords

Lantronix, LTRX, insider transaction, Form 4, stock gift, beneficial ownership, Bernhard Bruscha, charitable donation