Philip G. Brace - Nov 7, 2023 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Director
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Philip Brace
Stock symbol
LTRX
Transactions as of
Nov 7, 2023
Transactions value $
$0
Form type
4
Date filed
11/9/2023, 05:01 PM
Previous filing
Oct 3, 2023
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Options Exercise $0 +4.19K $0.00 4.19K Nov 8, 2023 Direct F1
holding LTRX Common Stock 12K Nov 7, 2023 By Brace Family Trust
holding LTRX Common Stock 24 Nov 7, 2023 By son 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 Award $0 +17K $0.00 17K Nov 7, 2023 Common Stock 17K Direct F2, F3
transaction LTRX Restricted Stock Units Options Exercise $0 -4.19K -100% $0.00* 0 Nov 8, 2023 Common Stock 4.19K Direct F2, F4
* 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 on August 8, 2023 (the "Grant Date").
F2 RSUs convert into common stock on a one-for-one basis.
F3 The restricted stock units ("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.
F4 The RSUs become fully (100%) vested on November 8, 2023.