Mathi Gurusamy - Jun 1, 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Chief Strategy Officer
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Mathi Gurusamy
Stock symbol
LTRX
Transactions as of
Jun 1, 2024
Transactions value $
$0
Form type
4
Date filed
6/3/2024, 06:38 PM
Previous filing
May 14, 2024
Next filing
Jul 23, 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 +95.7K $0.00 95.7K Jun 1, 2024 Common Stock 95.7K 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 June 1, 2024. The shares subject to the Inducement RSUs shall vest according to the following schedule: One-third of the Inducement RSUs shall vest on June 1, 2025, and the remaining balance will become vested in eight equal quarterly installments beginning on September 1, 2025.