Roger Holliday - Dec 3, 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
VP of Worldwide Sales
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Roger Holliday
Stock symbol
LTRX
Transactions as of
Dec 3, 2021
Transactions value $
-$7,512
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 +3.13K +4.71% $0.00 69.5K Dec 3, 2021 Direct F1
transaction LTRX Common Stock Sale -$7.51K -1.11K -1.6% $6.76 68.4K Dec 3, 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 Restriced Stock Units Options Exercise $0 -3.13K -10% $0.00 28.1K Dec 3, 2021 Common Stock 3.13K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents inducement restricted stock units ("Inducement RSUs") granted on February 4, 2020. The shares subject to the Inducement RSUs shall vest according to the following schedule: 12,500 of the Inducement RSUs vested on March 1, 2021, and the remaining Inducement RSUs shall vest 1/12th each quarter thereafter for a period of 3 years. Each Inducement 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.
F3 This transaction was executed in multiple trades at prices ranging from $6.64 to $6.97. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.