Form 4: Lantronix Director Converts RSUs, Receives New Grant

Lantronix Director Narbeh Derhacobian converted 9,800 restricted stock units into common stock and received a new grant of 17,081 RSUs.

Summary

• Narbeh Derhacobian, a Director at Lantronix Inc. (LTRX), reported changes in beneficial ownership of the company's securities.
• On November 3, 2025, 9,800 restricted stock units (RSUs) vested and converted into 9,800 shares of common stock at a price of $0 per share.
• Following this transaction, Narbeh Derhacobian's direct beneficial ownership of common stock increased to 34,599 shares.
• On November 4, 2025, Narbeh Derhacobian was granted 17,081 new restricted stock units (RSUs).
• These RSUs convert into common stock on a one-for-one basis and vest over one year: one half (1/2) six months after the November 5, 2024 Grant Date, and the remaining half (1/2) on the first anniversary of the Grant Date.

Sentiment

Score: 6

Explanation: The filing reports routine insider transactions involving the vesting of restricted stock units and a new grant, which is generally a neutral to slightly positive event as it reflects ongoing executive compensation and alignment with shareholder interests.

Positives

• The director's direct beneficial ownership of common stock increased to 34,599 shares, aligning management interests with shareholders.
• The grant of 17,081 new restricted stock units indicates continued compensation and retention of key management.

Future Outlook

The newly granted 17,081 restricted stock units are scheduled to vest over the next year, with half vesting six months from the November 5, 2024 Grant Date and the remaining half on the first anniversary of that date, leading to future common stock issuance.

Industry Context

This filing is a routine report of insider equity transactions and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The increase in director's common stock ownership aligns interests. Future vesting of RSUs will result in additional share issuance, potentially causing minor dilution.
• Employees (specifically the reporting director): The vesting and new grant of RSUs represent a component of the director's compensation package.

Next Steps

• Future vesting of the 17,081 restricted stock units according to the specified schedule (half at 6 months, half at 1 year from November 5, 2024).

Key Dates

Keywords

LTRX, Lantronix, Form 4, Insider Transaction, Restricted Stock Units, RSU, Common Stock, Director, Narbeh Derhacobian, Equity Compensation