Form 4: Lantronix Director Philip Brace Reports Stock Transactions

Director Philip Brace reports the vesting of restricted stock units and subsequent acquisition of common stock, along with adjustments to holdings in family trusts.

Summary

• On November 4, 2024, Philip Brace, a director at Lantronix Inc., reported transactions involving the company's stock.
• 8,484 shares of common stock were acquired upon the vesting of restricted stock units (RSUs).
• These RSUs were granted on November 7, 2023, and vested in two tranches: half after six months and the remaining half after one year.
• Following these transactions, Brace directly owns 21,154 shares of common stock.
• Brace also indirectly owns 47,000 shares through the Brace Family Trust and 24 shares through his son, but disclaims beneficial ownership of the shares held by his son.
• On November 5, 2024, Brace acquired 19,599 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant.

Key Dates