Paul H. Pickle - Aug 29, 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
Aug 29, 2022
Transactions value $
-$99,024
Form type
4
Date filed
8/31/2022, 09:10 PM
Previous filing
Jun 3, 2022
Next filing
Sep 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Award $0 +31.2K +6.98% $0.00 478K Aug 29, 2022 Direct F1
transaction LTRX Common Stock Sale -$33.8K -5.19K -1.09% $6.51 472K Aug 29, 2022 Direct F2, F3
transaction LTRX Common Stock Sale -$33K -5.19K -1.1% $6.36 467K Aug 30, 2022 Direct F2, F4
transaction LTRX Common Stock Sale -$32.2K -5.19K -1.11% $6.20 462K Aug 31, 2022 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 27, 2021, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. A percentage of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2022 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 31,157 RSUs subject to the award on August 29, 2022 with respect to the performance conditions that were satisfied for fiscal 2022.
F2 Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding.
F3 This transaction was executed in multiple trades at prices ranging from $6.41 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 This transaction was executed in multiple trades at prices ranging from $6.25 to $6.50. 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.
F5 This transaction was executed in multiple trades at prices ranging from $6.05 to $6.33. 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.