Heidi Nguyen - May 9, 2022 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Director
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Heidi Nguyen
Stock symbol
LTRX
Transactions as of
May 9, 2022
Transactions value $
$0
Form type
4
Date filed
5/11/2022, 04:32 PM
Previous filing
Nov 23, 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 +5.04K $0.00 5.04K May 9, 2022 Direct F1
holding LTRX Common Stock 5.42M May 9, 2022 By TL Investment GmbH F4, F5
holding LTRX ICommon Stock 106K May 9, 2022 By spouse F5

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 -5.04K -50% $0.00 5.04K May 9, 2022 Common Stock 5.04K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 9, 2021 (the "Grant Date").
F2 RSUs convert into common stock on a one-for-one basis.
F3 The RSUs will vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date and one half (1/2) of the shares vesting on the first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.
F4 The Reporting Person serves as Vice President and as a director of TL Investment GmbH, a company formed under the laws of Germany and the direct owner of the subject securities. The Reporting Person's spouse is the sole shareholder and a managing director of TL Investment GmbH.
F5 The Reporting Person disclaims beneficial ownership of shares of the Issuer's common stock held by her spouse or TL Investment GmbH, except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such reported shares for purposes of Section 16 or for any other purpose.