Form 4: Lantronix Director Kevin S. Palatnik Reports Stock Transactions
SEC Form 4 Filing
Director Kevin S. Palatnik reports the vesting of restricted stock units and subsequent acquisition of common stock in Lantronix, Inc.
Summary
- On May 5, 2025, Kevin S. Palatnik, a director of Lantronix, Inc. (LTRX), reported transactions involving the company's stock.
- Palatnik acquired 9,799 shares of common stock upon the vesting of restricted stock units (RSUs).
- These RSUs were granted on November 5, 2024, and vested in two tranches: half after six months and the remaining half on the first anniversary of the grant date.
- Following the transaction, Palatnik directly owns 29,799 shares of common stock and 9,800 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings and activities of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 2024-11-05 | Grant date of restricted stock units (RSUs) |
| 2025-05-05 | Date of transaction: vesting of RSUs and acquisition of common stock |
| 2025-05-06 | Date of signature on the Form 4 filing |
Keywords
Lantronix, LTRX, Form 4, Beneficial Ownership, Director, Kevin S. Palatnik, Restricted Stock Units, Stock Transaction, Vesting
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