Paul H. Pickle - 01 Sep 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: President & CEO, Director
Signature: /s/ Jeremy Whitaker, Attorney-in-fact for Paul H. Pickle
Issuer symbol: LTRX
Transactions as of: 01 Sep 2021
Net transactions value: -$34,903
Form type: 4
Filing time: 02 Sep 2021, 17:23:20 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	Options Exercise	$0	+15,625	+6.8%	$0.000000	246,842	01 Sep 2021	Direct	F1
transaction	LTRX	Common Stock	Tax liability	$34,903	-5,403	-2.2%	$6.46	241,439	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	-15,625	-12%	$0.000000	109,375	01 Sep 2021	Common Stock	15,625		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 vested 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.