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

Reporting relationship: Chief Product & Strategy Officer
Issuer ticker: LTRX
Reported as of: 01 Jul 2025
Net transaction value: -$13,454
SEC form: 4
Accepted by SEC: 02 Jul 2025, 20:31:51 UTC
Prior SEC filing: 03 Jun 2025
Next SEC filing: 15 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/ Brent Stringham, Attorney-in-fact for Mathi Gurusamy

Key filing fact

Mathi Gurusamy filed Form 4 for LANTRONIX INC (LTRX) on 02 Jul 2025.

Key facts

This page summarizes Mathi Gurusamy's Form 4 filing for LANTRONIX INC (LTRX).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 02 Jul 2025, 20:31.

Change

Previous filing in this sequence was filed on 03 Jun 2025.
Current net transaction value: -$13,454.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002021595 Primary reporting owner

Gurusamy Mathi

Relationship: Chief Product & Strategy Officer
Address: 48 DISCOVERY STREET, SUITE 250, IRVINE
Signature: /s/ Brent Stringham, Attorney-in-fact for Mathi Gurusamy
Signature date: 02 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LTRX transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +13,335
Change %: +33%
Price: $0.000000
Shares after: 53,626
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F1

LTRX transaction

Common Stock

Tax liability

Transaction value: $13,454
Shares: -4,771
Change %: -8.9%
Price: $2.82
Shares after: 48,855
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LTRX transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -13,335
Change %: -33%
Price: $0.000000
Shares after: 26,676
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,335
Exercise price
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Represents restricted stock units ("RSUs") granted on July 1, 2024. The restricted stock units ("RSUs") shall vest such that one-third (1/3) of the shares vest on July 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

Footnote F2

In accordance with the terms of the RSU Agreement, 4,771 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

SEC remarks

Chief Product & Strategy Officer