Paul H. Pickle - Jun 1, 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
President & CEO, Director
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Paul H. Pickle
Stock symbol
LTRX
Transactions as of
Jun 1, 2021
Transactions value $
-$30,527
Form type
4
Date filed
6/3/2021, 04:30 PM
Previous filing
May 17, 2021
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 +15.6K +7.07% $0.00 237K Jun 1, 2021 Direct F1
transaction LTRX Common Stock Tax liability -$30.5K -5.4K -2.28% $5.65 231K 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 -15.6K -11.11% $0.00 125K Jun 1, 2021 Common Stock 15.6K Direct F1, F2
* 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 May 1, 2019. The shares subject to the Inducement RSUs shall vest according to the following schedule: 62,500 of the Inducement RSUs shall vest on June 1, 2020, and the remaining Inducement RSUs shall vest ratably each quarter thereafter for a period of 3 years.
F2 In accordance with the terms of the RSU Agreement, 5,403 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.