Mathi Gurusamy - 01 Jun 2025 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: Chief Product & Strategy Ofc
Signature: /s/ Brent Stringham, Attorney-in-fact for Mathi Gurusamy
Issuer symbol: LTRX
Transactions as of: 01 Jun 2025
Net transactions value: -$26,613
Form type: 4
Filing time: 03 Jun 2025, 18:43:20 UTC
Previous filing: 23 Jul 2024
Next filing: 02 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Gurusamy Mathi	Chief Product & Strategy Ofc	C/O LANTRONIX, INC., 48 DISCOVERY SUITE 250, IRVINE	/s/ Brent Stringham, Attorney-in-fact for Mathi Gurusamy	03 Jun 2025	0002021595

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LTRX	Common Stock	Options Exercise	$0	+31,893	+155%	$0.000000	52,443	01 Jun 2025	Direct	F1
transaction	LTRX	Common Stock	Tax liability	$26,613	-12,152	-23%	$2.19	40,291	01 Jun 2025	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LTRX	Restricted Stock Units	Options Exercise	$0	-31,893	-33%	$0.000000	63,798	01 Jun 2025	Common Stock	31,893		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents inducement restricted stock units ("Inducement RSUs") granted on June 1, 2024. The shares subject to the Inducement RSUs shall vest such that one-third (1/3) of the shares vest on June 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on September 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on June 1, 2027.
F2	In accordance with the terms of the RSU Agreement, 12,152 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

Content

Represents inducement restricted stock units ("Inducement RSUs") granted on June 1, 2024. The shares subject to the Inducement RSUs shall vest such that one-third (1/3) of the shares vest on June 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on September 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on June 1, 2027.

In accordance with the terms of the RSU Agreement, 12,152 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.