Jeremy Whitaker - Dec 3, 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Chief Financial Officer
Signature
/s/ Jeremy Whitaker
Stock symbol
LTRX
Transactions as of
Dec 3, 2021
Transactions value $
$20,258
Form type
4
Date filed
12/7/2021, 04:00 PM
Previous filing
Nov 23, 2021
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Options Exercise $0 +2.81K +1.61% $0.00 178K Dec 3, 2021 Direct F1
transaction LTRX Common Stock Sale -$6.81K -972 -0.55% $7.01 176K Dec 3, 2021 Direct F2, F3
transaction LTRX Common Stock Options Exercise $27.1K +20.1K +11.36% $1.35 197K Dec 5, 2021 Direct F4

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 Restrick Stock Units Options Exercise $0 -2.81K -24.99% $0.00 8.44K Dec 3, 2021 Common Stock 2.81K Direct F1
transaction LTRX Stock OPtion (Right to buy) Options Exercise $0 -20.1K -100% $0.00* 0 Dec 5, 2021 Common Stock 20.1K $1.35 Direct F5
* 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 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 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. Each RSU represents the right to receive one share of the issuer's common stock.
F2 Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding obligations.
F3 The reporting person transferred 408 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.
F4 Represents shares of common stock acquired via exercise of stock options granted on September 1, 2015 under the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan.
F5 The reporting person previously exercised 19,947 stock options from this award granted on September 1, 2015 for the benefit of 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.