Form 4: Lantronix Director Narbeh Derhacobian Reports Stock Transactions

Director Narbeh Derhacobian reports the vesting of restricted stock units and subsequent disposal of shares.

Summary

• On May 5, 2025, Narbeh Derhacobian, a director of Lantronix Inc. [LTRX], reported transactions involving the company's stock.
• Specifically, 9,799 shares of common stock were acquired upon the vesting of restricted stock units (RSUs).
• Concurrently, 9,799 shares were disposed of.
• Following these transactions, Derhacobian directly owns 19,799 shares of common stock and 9,800 restricted stock units.
• The RSUs convert into common stock on a one-for-one basis and vest over a one-year period from the grant date of November 5, 2024.

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting routine stock transactions by a company director as part of their compensation package. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice across publicly traded companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine insider activity.

Key Dates

Keywords

Lantronix, Director, Derhacobian, Stock, RSU, Vesting, LTRX, Form 4