Fathi Hakam - 08 Dec 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Vice President of Engineering
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Fathi Hakam
Issuer symbol
LTRX
Transactions as of
08 Dec 2021
Net transactions value
-$15,277
Form type
4
Filing time
09 Dec 2021, 15:30:20 UTC
Previous filing
15 Sep 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 +6,250 +7.2% $0.000000 92,952 08 Dec 2021 Direct F1
transaction LTRX Common Stock Sale $15,277 -2,083 -2.2% $7.33 90,869 08 Dec 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 -6,250 -25% $0.000000 18,750 08 Dec 2021 Common Stock 6,250 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.