Jeremy Whitaker - Jul 5, 2023 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Interim CEO & CFO
Signature
/s/ Jeremy Whitaker
Stock symbol
LTRX
Transactions as of
Jul 5, 2023
Transactions value $
$36,097
Form type
4
Date filed
7/6/2023, 04:46 PM
Previous filing
Sep 19, 2022
Next filing
Sep 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Options Exercise $36.1K +26.3K +11.14% $1.37 263K Jul 5, 2023 Direct F1

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 Option (Right to buy) Options Exercise $0 -26.3K -100% $0.00* 0 Jul 5, 2023 Common Stock 26.3K $1.37 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock acquired via exercise of Stock Options granted on September 14, 2016 (the "Grant Date") under the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan (the "2010 SIP").
F2 The reporting person previously exercised 23,652 stock options from this award granted on September 14, 2016 for the benefit of his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.