Fathi Hakam - Jun 1, 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Vice President of Engineering
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Fathi Hakam
Stock symbol
LTRX
Transactions as of
Jun 1, 2021
Transactions value $
-$12,566
Form type
4
Date filed
6/3/2021, 04:30 PM
Next filing
Sep 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Options Exercise $0 +6.25K +12.74% $0.00 55.3K Jun 1, 2021 Direct F1
transaction LTRX Common Stock Tax liability -$12.6K -2.22K -4.02% $5.65 53.1K Jun 1, 2021 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 -6.25K -16.67% $0.00 31.3K Jun 1, 2021 Common Stock 6.25K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units ("RSUs") granted on August 31, 2018. The restricted stock units ("RSUs") vest such that (a) 25% of the shares (25,000 shares) vested on September 1, 2019, the one-year anniversary of the grant date and (b) 1/16 of the shares (6,250 shares) vest quarterly thereafter, such that one hundred percent (100%) of the RSUs will be fully vested on the four-year anniversary of the grant date.
F2 In accordance with the terms of the RSU Agreement, 2,224 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.