Philip G. Brace - May 7, 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Director
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Philip Brace
Stock symbol
LTRX
Transactions as of
May 7, 2024
Transactions value $
$0
Form type
4
Date filed
5/8/2024, 06:08 PM
Previous filing
May 6, 2024
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Options Exercise $0 +8.48K +202.68% $0.00 12.7K May 7, 2024 Direct F1
holding LTRX Common Stock 47K May 7, 2024 By Brace Family Trust
holding LTRX Common Stock 24 May 7, 2024 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 Options Exercise $0 -8.48K -50% $0.00 8.48K May 7, 2024 Common Stock 8.48K Direct F3, 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 November 7, 2023 (the "Grant Date").
F2 The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F3 RSUs convert into common stock on a one-for-one basis.
F4 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.