Philip G. Brace - 07 Nov 2023 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: Director
Signature: /s/ Jeremy Whitaker, Attorney-in-fact for Philip Brace
Issuer symbol: LTRX
Transactions as of: 07 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 09 Nov 2023, 17:01:43 UTC
Previous filing: 03 Oct 2023
Next filing: 08 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LTRX	Common Stock	Options Exercise	$0	+4,186		$0.000000	4,186	08 Nov 2023	Direct	F1
holding	LTRX	Common Stock						12,000	07 Nov 2023	By Brace Family Trust
holding	LTRX	Common Stock						24	07 Nov 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	+16,968		$0.000000	16,968	07 Nov 2023	Common Stock	16,968		Direct	F2, F3
transaction	LTRX	Restricted Stock Units	Options Exercise	$0	-4,186	-100%	$0.000000^*	0	08 Nov 2023	Common Stock	4,186		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.