Roger Holliday - Sep 1, 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
VP of Worldwide Sales
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Roger Holliday
Stock symbol
LTRX
Transactions as of
Sep 1, 2021
Transactions value $
-$6,796
Form type
4
Date filed
9/2/2021, 05:23 PM
Previous filing
Jun 3, 2021
Next filing
Sep 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Award $0 +3.13K +12.12% $0.00 28.9K Sep 1, 2021 Direct F1
transaction LTRX Common Stock Tax liability -$6.8K -1.05K -3.64% $6.46 27.9K Sep 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 -3.13K -9.09% $0.00 31.3K Sep 1, 2021 Common Stock 3.13K 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 February 4, 2020. The shares subject to the Inducement RSUs shall vest according to the following schedule: 12,500 of the Inducement RSUs shall vest on March 1, 2021, and the remaining Inducement RSUs shall vest 1/12th each quarter thereafter for a period of 3 years.
F2 In accordance with the terms of the RSU Agreement, 1,052 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.