Paul H. Pickle - Jun 1, 2022 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
President & CEO, Director
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Paul H. Pickle
Stock symbol
LTRX
Transactions as of
Jun 1, 2022
Transactions value $
-$30,473
Form type
4
Date filed
6/3/2022, 04:32 PM
Previous filing
May 17, 2022
Next filing
Aug 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Options Exercise $0 +15.6K +3.58% $0.00 452K Jun 1, 2022 Direct F1
transaction LTRX Common Stock Tax liability -$30.5K -5.4K -1.2% $5.64 446K Jun 1, 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 -15.6K -20% $0.00 62.5K Jun 1, 2022 Common Stock 15.6K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents inducement restricted stock units ("Inducement RSUs") granted on May 1, 2019. The shares subject to the Inducement RSUs shall vest according to the following schedule: 62,500 of the Inducement RSUs vested on June 1, 2020, and the remaining Inducement RSUs shall vest ratably each quarter thereafter for a period of 3 years. 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, 5,403 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.