Roger Holliday - 13 Sep 2023 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: VP of Worldwide Sales
Signature: /s/ Jeremy Whitaker, Attorney-in-fact for Roger Holliday
Issuer symbol: LTRX
Transactions as of: 13 Sep 2023
Net transactions value: -$33,565
Form type: 4
Filing time: 14 Sep 2023, 17:00:07 UTC
Previous filing: 06 Sep 2023
Next filing: 13 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LTRX	Common Stock	Award	$0	+18,349	+14%	$0.000000	146,905	13 Sep 2023	Direct	F1
transaction	LTRX	Common Stock	Tax liability	$33,565	-6,345	-4.3%	$5.29	140,560	13 Sep 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.