Roger Holliday - Sep 13, 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 13, 2023
Transactions value $: -$33,565
Form type: 4
Date filed: 9/14/2023, 05:00 PM
Previous filing: Sep 6, 2023
Next filing: Dec 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LTRX	Common Stock	Award	$0	+18.3K	+14.27%	$0.00	147K	Sep 13, 2023	Direct	F1
transaction	LTRX	Common Stock	Tax liability	-$33.6K	-6.35K	-4.32%	$5.29	141K	Sep 13, 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On July 27, 2021, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. A percentage of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2022 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 18,349 RSUs subject to the award on September 13, 2023 with respect to the performance conditions that were satisfied for fiscal 2023.
F2	In accordance with the terms of the applicable RSU award agreement, 6,345 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

Content

On July 27, 2021, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. A percentage of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2022 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 18,349 RSUs subject to the award on September 13, 2023 with respect to the performance conditions that were satisfied for fiscal 2023.

In accordance with the terms of the applicable RSU award agreement, 6,345 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.