Christa Steele - Jan 24, 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: Director
Signature: /s/ Jeremy Whitaker, Attorney-in-fact for Christa Steele
Stock symbol: LTRX
Transactions as of: Jan 24, 2024
Transactions value $: $0
Form type: 4
Date filed: 1/26/2024, 04:02 PM
Next filing: Feb 20, 2024

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	+10.3K		$0.00	10.3K	Jan 24, 2024	Common Stock	10.3K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	RSUs convert into common stock on a one-for-one basis.
F2	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 earlier to occur of (a) the first anniversary of the Corporation's 2023 annual meeting of stockholders and (b) the day immediately preceding the date of the first annual meeting of the Corporation's stockholders at which one or more members of the Corporation's Board of Directors are to be elected that occurs in the 2024 annual meeting of stockholders.

Content

RSUs convert into common stock on a one-for-one basis.

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 earlier to occur of (a) the first anniversary of the Corporation's 2023 annual meeting of stockholders and (b) the day immediately preceding the date of the first annual meeting of the Corporation's stockholders at which one or more members of the Corporation's Board of Directors are to be elected that occurs in the 2024 annual meeting of stockholders.