Eric Bass - Mar 1, 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
VP of Engineering
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Eric Bass
Stock symbol
LTRX
Transactions as of
Mar 1, 2024
Transactions value $
-$18,227
Form type
4
Date filed
3/4/2024, 05:54 PM
Previous filing
Dec 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Options Exercise $0 +14.8K +334.37% $0.00 19.2K Mar 1, 2024 Direct F1
transaction LTRX Common Stock Tax liability -$18.2K -4.39K -22.82% $4.15 14.9K Mar 1, 2024 Direct 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 Options Exercise $0 -14.8K -25% $0.00 44.5K Mar 1, 2024 Common Stock 14.8K 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 February 1, 2023. The shares subject to the Inducement RSUs shall vest according to the following schedule: 14,816 of the Inducement RSUs shall vest on March 1, 2024, and the remaining Inducement RSUs shall vest 1/12th each quarter thereafter for a period of 3 years.
F2 In accordance with the terms of the RSU Agreement, 4,392 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.