Heidi Nguyen - 06 Feb 2023 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Director
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Heidi Nguyen
Issuer symbol
LTRX
Transactions as of
06 Feb 2023
Net transactions value
$0
Form type
4
Filing time
08 Feb 2023, 15:33:06 UTC
Previous filing
10 Nov 2022
Next filing
10 May 2023
SEC
View on sec.gov

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 Options Award $0 +14,809 $0.000000 14,809 06 Feb 2023 Common Stock 14,809 $5.06 By spouse F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Option will become vested in 9 substantially equal monthly installments, with one such installment vesting in each of the 9 consecutive calendar months beginning on March 1, 2023 so that 100% of the stock options will be vested at November 1, 2023.
F2 The Reporting Person disclaims beneficial ownership of shares of the Issuer's common stock held by her spouse or TL Investment GmbH, except to the extent of her 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.