Fathi Hakam - Dec 8, 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Vice President of Engineering
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Fathi Hakam
Stock symbol
LTRX
Transactions as of
Dec 8, 2021
Transactions value $
-$15,277
Form type
4
Date filed
12/9/2021, 03:30 PM
Previous filing
Sep 15, 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 +6.25K +7.21% $0.00 93K Dec 8, 2021 Direct F1
transaction LTRX Common Stock Sale -$15.3K -2.08K -2.24% $7.33 90.9K Dec 8, 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 Restricted Stock Units Options Exercise $0 -6.25K -25% $0.00 18.8K Dec 8, 2021 Common Stock 6.25K Direct F1
* 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 restricted stock units ("RSUs") vest such that (a) 25% of the shares (25,000 shares) vested on September 1, 2019, the one-year anniversary of the grant date and (b) 1/16 of the shares (6,250 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 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 $7.20 to $7.42. 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.