Eric Bass - 01 Mar 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: VP of Engineering
Signature: /s/ Jeremy Whitaker, Attorney-in-fact for Eric Bass
Issuer symbol: LTRX
Transactions as of: 01 Mar 2024
Net transactions value: -$18,227
Form type: 4
Filing time: 04 Mar 2024, 17:54:17 UTC
Previous filing: 13 Dec 2023
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	+14,816	+334%	$0.000000	19,247	01 Mar 2024	Direct	F1
transaction	LTRX	Common Stock	Tax liability	$18,227	-4,392	-23%	$4.15	14,855	01 Mar 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	-14,816	-25%	$0.000000	44,451	01 Mar 2024	Common Stock	14,816		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.