Form 4: Lantronix Chief Product & Strategy Officer Reports RSU Vesting and Tax-Related Share Withholding

Mathi Gurusamy, Chief Product & Strategy Officer at Lantronix Inc., reported the vesting of 13,335 restricted stock units and the subsequent withholding of 4,771 shares for tax obligations.

Summary

• Mathi Gurusamy, Chief Product & Strategy Officer of Lantronix Inc., reported transactions related to restricted stock units (RSUs).
• On July 1, 2025, 13,335 restricted stock units vested and converted into common stock.
• Following the vesting, 4,771 shares of Lantronix common stock were withheld at a price of $2.82 per share to cover required tax withholding.
• After these transactions, Gurusamy directly beneficially owns 48,855 shares of common stock.
• Additionally, 26,676 restricted stock units remain unvested.
• The RSUs were originally granted on July 1, 2024, with one-third vesting on July 1, 2025, and the remaining two-thirds vesting quarterly thereafter, beginning on September 1, 2025, leading to full vesting by June 1, 2027.

Sentiment

Score: 7

Explanation: The sentiment is positive as it reflects the vesting of executive compensation, indicating continued alignment of executive interests with shareholder value. The tax withholding is a standard, expected part of such transactions.

Positives

• The vesting of 13,335 restricted stock units represents a scheduled compensation event, indicating the executive's continued equity stake in the company.
• The multi-year vesting schedule, extending through June 1, 2027, provides ongoing incentive and aligns the Chief Product & Strategy Officer's interests with long-term shareholder value.

Negatives

• 4,771 shares were disposed of to cover tax liabilities, which reduces the net number of shares received by the executive from the vesting event.

Future Outlook

The vesting schedule for the remaining restricted stock units extends through June 1, 2027, indicating future equity compensation events for the Chief Product & Strategy Officer.

Industry Context

This filing is a routine insider transaction report, common for executives receiving equity compensation. It reflects the standard practice of RSU vesting and tax withholding, which is typical across various industries for executive incentive plans.

Stakeholder Impact

• Shareholders: The vesting of RSUs aligns the interests of the Chief Product & Strategy Officer with shareholders, as their compensation is tied to company performance and stock value.

Next Steps

• Remaining two-thirds of restricted stock units will vest quarterly beginning September 1, 2025.
• Full vesting of all restricted stock units is scheduled for June 1, 2027.

Key Dates

Keywords

Lantronix, LTRX, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Share Withholding, Beneficial Ownership, Mathi Gurusamy