Saleel Awsare - 20 Nov 2023 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
President & CEO, Director
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Saleel Awsare
Issuer symbol
LTRX
Transactions as of
20 Nov 2023
Net transactions value
$0
Form type
4
Filing time
21 Nov 2023, 16:31:25 UTC
Previous filing
21 Nov 2023
Next filing
13 Feb 2024
SEC
View on sec.gov

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 +470,255 $0.000000 470,255 20 Nov 2023 Common Stock 470,255 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 November 20, 2023. The shares subject to the Inducement RSUs shall vest according to the following schedule: 1/3rd of the Inducement RSUs shall vest on November 1, 2024, 1/3rd of the Inducement RSUs shall vest on November 1, 2025 and the remaining Inducement RSUs shall vest on November 1, 2026.