Form 4: Lantronix Director Bruscha Reports Share Disposal
SEC Form 4 Filing
Bernhard Bruscha, a director at Lantronix, reported the disposal of 8,435 common stock shares on September 10, 2024.
Summary
- On September 10, 2024, Bernhard Bruscha, a director of Lantronix Inc., disposed of 8,435 shares of common stock at a price of $4 per share.
- Following the transaction, Bruscha directly owns 156,454 shares and indirectly owns 5,373,036 shares through TL Investment GmbH.
- He also indirectly owns 22,993 shares through his spouse.
- Bruscha disclaims beneficial ownership of shares held by his spouse, except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral report on a stock transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key individuals within the company.
Stakeholder Impact
- The disposal of shares by a director could be perceived negatively by shareholders if they interpret it as a lack of confidence in the company's future, although this is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of the stock transaction (disposal of shares). |
| 09/12/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.