Fathi Hakam - 01 Jun 2022 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: 01 Jun 2022
Net transactions value: -$12,013
Form type: 4
Filing time: 03 Jun 2022, 16:31:22 UTC
Previous filing: 04 Mar 2022
Next filing: 31 Aug 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	+6.6%	$0.000000	100,759	01 Jun 2022	Direct	F1
transaction	LTRX	Common Stock	Tax liability	$12,013	-2,130	-2.1%	$5.64	98,629	01 Jun 2022	Direct	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	Restricted Stock Units	Options Exercise	$0	-6,250	-50%	$0.000000	6,250	01 Jun 2022	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	In accordance with the terms of the RSU Agreement, 2,130 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

Content

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.

In accordance with the terms of the RSU Agreement, 2,130 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.