Jeremy Whitaker - 03 Dec 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: Chief Financial Officer
Signature: /s/ Jeremy Whitaker
Issuer symbol: LTRX
Transactions as of: 03 Dec 2021
Net transactions value: +$20,258
Form type: 4
Filing time: 07 Dec 2021, 16:00:24 UTC
Previous filing: 23 Nov 2021
Next filing: 04 Mar 2022
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	+2,812	+1.6%	$0.000000	177,872	03 Dec 2021	Direct	F1
transaction	LTRX	Common Stock	Sale	$6,814	-972	-0.55%	$7.01	176,492	03 Dec 2021	Direct	F2, F3
transaction	LTRX	Common Stock	Options Exercise	$27,072	+20,053	+11%	$1.35	196,545	05 Dec 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	-2,812	-25%	$0.000000	8,441	03 Dec 2021	Common Stock	2,812		Direct	F1
transaction	LTRX	Stock OPtion (Right to buy)	Options Exercise	$0	-20,053	-100%	$0.000000^*	0	05 Dec 2021	Common Stock	20,053	$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.