BERNHARD BRUSCHA - 02 Jun 2022 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
10%+ Owner
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Bernhard Bruscha
Issuer symbol
LTRX
Transactions as of
02 Jun 2022
Net transactions value
+$27,500
Form type
4
Filing time
03 Jun 2022, 16:31:13 UTC
Previous filing
11 May 2022
Next filing
10 Nov 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 $27,500 +25,000 +23% $1.10 131,454 02 Jun 2022 Direct
holding LTRX Common Stock 5,415,880 02 Jun 2022 By TL Investment GmbH F1
holding LTRX Common Stock 5,042 02 Jun 2022 By spouse F2

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 Stock Option (Right to buy) Options Exercise $0 -25,000 -100% $0.000000* 0 02 Jun 2022 Common Stock 25,000 $1.10 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Bernhard Bruscha serves as managing director of TL Investment GmbH, a company formed under the laws of Germany and the direct owner of the subject securities.
F2 The Reporting Person disclaims beneficial ownership of shares of the Issuer's common stock held by his spouse, except to the extent of his 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.