Roger Holliday - Sep 1, 2023 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
VP of Worldwide Sales
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Roger Holliday
Stock symbol
LTRX
Transactions as of
Sep 1, 2023
Transactions value $
-$4,281
Form type
4
Date filed
9/6/2023, 04:13 PM
Previous filing
Jun 5, 2023
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 $0 +3.13K +2.47% $0.00 130K Sep 1, 2023 Direct F1
transaction LTRX Common Stock Tax liability -$4.28K -1.08K -0.83% $3.96 129K Sep 1, 2023 Direct F2

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 -3.13K -33.33% $0.00 6.25K Sep 1, 2023 Common Stock 3.13K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents inducement restricted stock units ("Inducement RSUs") granted on February 4, 2020. The shares subject to the Inducement RSUs shall vest according to the following schedule: 12,500 of the Inducement RSUs vested on March 1, 2021, and the remaining Inducement RSUs shall vest 1/12th each quarter thereafter for a period of 3 years. Each Inducement RSU represents the right to receive one share of the issuer's common stock.
F2 In accordance with the terms of the RSU Agreement, 1,081 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.