BERNHARD BRUSCHA - 08 Nov 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: 08 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 10 Nov 2022, 18:47:38 UTC
Previous filing: 03 Jun 2022
Next filing: 08 Feb 2023
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	+5,042	+100%	$0.000000	10,084	09 Nov 2022	By spouse	F1, F2
holding	LTRX	Common Stock						5,415,880	08 Nov 2022	By TL Investment GmbH	F3
holding	LTRX	Common Stock						131,454	08 Nov 2022	Direct

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	Award	$0	+12,909		$0.000000	12,909	08 Nov 2022	Common Stock	12,909		By spouse	F2, F4, F5
transaction	LTRX	Restricted Stock Units	Options Exercise	$0	-5,042	-100%	$0.000000^*	0	09 Nov 2022	Common Stock	5,042		By spouse	F2, F4, F5

* 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 to the Reporting Person's spouse on November 9, 2021 (the "Grant Date").
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.
F3	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.
F4	RSUs convert into common stock on a one-for-one basis.
F5	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.