Jeremy Whitaker - Mar 3, 2022 Form 4 Insider Report for LANTRONIX INC (LTRX)

Signature
/s/ Jeremy Whitaker
Stock symbol
LTRX
Transactions as of
Mar 3, 2022
Transactions value $
-$7,678
Form type
4
Date filed
3/4/2022, 06:03 PM
Previous filing
Dec 7, 2021
Next filing
Jun 3, 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 +1.43% $0.00 199K Mar 3, 2022 Direct F1
transaction LTRX Common Stock Sale -$7.47K -1.14K -0.57% $6.58 198K Mar 3, 2022 Direct F2, F3
transaction LTRX Common Stock Sale -$209 -32 -0.02% $6.53 198K Mar 4, 2022 Direct F2, 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 Restricted Stock Units Options Exercise $0 -2.81K -33.31% $0.00 5.63K Mar 3, 2022 Common Stock 2.81K 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 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 This transaction was executed in multiple trades at prices ranging from $6.53 to $6.64. 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.
F4 The reporting person transferred 679 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.