Form 4: Lantronix VP Kurt Hoff Reports Stock Transactions
SEC Form 4
Kurt Hoff, VP of Worldwide Sales at Lantronix, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 1, 2025, Kurt Hoff, VP of Worldwide Sales at Lantronix, had 20,799 restricted stock units vest.
- Also on March 1, 2025, 7,466 shares of common stock were withheld at a price of $2.56 to cover tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Hoff directly owns 13,333 shares of Lantronix common stock and 41,605 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine transaction report, so the sentiment is neutral.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It provides transparency into the trading activities of key personnel.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of grant for inducement restricted stock units |
| 03/01/2025 | Date of earliest transaction: Vesting of restricted stock units and tax withholding. |
| 06/01/2025 | Beginning of quarterly vesting of remaining two-thirds of inducement RSUs. |
| 03/01/2027 | Date when 100% of the RSUs will be fully vested. |
| 03/03/2025 | Date of signature for the Form 4 filing. |
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.