Bernhard Bruscha - May 8, 2023 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
10%+ Owner
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Bernhard Bruscha
Stock symbol
LTRX
Transactions as of
May 8, 2023
Transactions value $
$0
Form type
4
Date filed
5/10/2023, 06:03 PM
Previous filing
Feb 8, 2023
Next filing
Nov 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Options Exercise $0 +6.45K +64% $0.00 16.5K May 8, 2023 By spouse F1, F2
holding LTRX Common Stock 5.42M May 8, 2023 By TL Investment GmbH F3
holding LTRX Common Stock 131K May 8, 2023 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 Options Exercise $0 -6.45K -50% $0.00 6.46K May 8, 2023 Common Stock 6.45K 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 8, 2022 (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.