Roger Holliday - 01 Sep 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: VP of Worldwide Sales
Signature: /s/ Jeremy Whitaker, Attorney-in-fact for Roger Holliday
Issuer symbol: LTRX
Transactions as of: 01 Sep 2021
Net transactions value: -$6,796
Form type: 4
Filing time: 02 Sep 2021, 17:23:07 UTC
Previous filing: 03 Jun 2021
Next filing: 15 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LTRX	Common Stock	Award	$0	+3,125	+12%	$0.000000	28,905	01 Sep 2021	Direct	F1
transaction	LTRX	Common Stock	Tax liability	$6,796	-1,052	-3.6%	$6.46	27,853	01 Sep 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	-3,125	-9.1%	$0.000000	31,250	01 Sep 2021	Common Stock	3,125		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.