Jeremy Whitaker - 03 Mar 2022 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: Chief Financial Officer
Signature: /s/ Jeremy Whitaker
Issuer symbol: LTRX
Transactions as of: 03 Mar 2022
Net transactions value: -$7,678
Form type: 4
Filing time: 04 Mar 2022, 18:03:20 UTC
Previous filing: 07 Dec 2021
Next filing: 03 Jun 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	+1.4%	$0.000000	199,357	03 Mar 2022	Direct	F1
transaction	LTRX	Common Stock	Sale	$7,469	-1,135	-0.57%	$6.58	198,222	03 Mar 2022	Direct	F2, F3
transaction	LTRX	Common Stock	Sale	$209	-32	-0.02%	$6.53	197,511	04 Mar 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	-2,812	-33%	$0.000000	5,629	03 Mar 2022	Common Stock	2,812		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.