Bernhard Bruscha - Nov 22, 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
10%+ Owner
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Bernhard Bruscha
Stock symbol
LTRX
Transactions as of
Nov 22, 2021
Transactions value $
-$4,970,250
Form type
4
Date filed
11/23/2021, 07:55 PM
Previous filing
Nov 23, 2021
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Sale -$4.97M -705K -11.52% $7.05 5.42M Nov 22, 2021 By TL Investment GmbH F1, F2
holding LTRX Common Stock 106K Nov 22, 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's common stock sold by TL Investment GmbH pursuant to the underwriters' exercise on November 22, 2021 of their option to purchase additional shares of the Issuer's common stock from TL Investment GmbH in connection with an underwritten public offering at a price per share of $7.05, after deducting the underwriting discount.
F2 Bernhard Bruscha serves as managing director of TL Investment GmbH, a company formed under the laws of Germany and the direct owner of the subject securities.