Jeremy Whitaker - Sep 1, 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: Chief Financial Officer
Signature: /s/ Jeremy Whitaker
Stock symbol: LTRX
Transactions as of: Sep 1, 2021
Transactions value $: -$6,118
Form type: 4
Date filed: 9/2/2021, 05:23 PM
Previous filing: Aug 5, 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	Options Exercise	$0	+2.81K	+1.98%	$0.00	145K	Sep 1, 2021	Direct	F1
transaction	LTRX	Common Stock	Tax liability	-$6.12K	-947	-0.66%	$6.46	143K	Sep 1, 2021	Direct	F2, F3

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	-2.81K	-20%	$0.00	11.3K	Sep 1, 2021	Common Stock	2.81K		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 (11,250 shares) vested on September 1, 2019, the one-year anniversary of the grant date and (b) 1/16 of the shares (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, 947 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
F3	The reporting person transferred 698 of the net shares of Lantronix, Inc. common stock received at vesting to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.