BERNHARD BRUSCHA - 09 Nov 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
10%+ Owner
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Bernhard Bruscha
Issuer symbol
LTRX
Transactions as of
09 Nov 2021
Net transactions value
$0
Form type
4
Filing time
23 Nov 2021, 19:52:59 UTC
Previous filing
21 May 2021
Next filing
23 Nov 2021
SEC
View on sec.gov

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 Award $0 +10,084 $0.000000 10,084 09 Nov 2021 Common Stock 10,084 By spouse F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2 The RSUs will vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date and one half (1/2) of the shares vesting on the first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.
F3 The Reporting Person disclaims beneficial ownership of the RSUs, including the underlying shares of the Issuer's common stock, held by his spouse, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such reported RSUs for purposes of Section 16 or for any other purpose.