Kurt Hoff - Jul 1, 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
VP, Worldwide Sales
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Kurt Hoff
Stock symbol
LTRX
Transactions as of
Jul 1, 2024
Transactions value $
$0
Form type
4
Date filed
7/23/2024, 04:30 PM
Previous filing
May 14, 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 +41.6K $0.00 41.6K Jul 1, 2024 Common Stock 41.6K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") shall vest such that one-third (1/3) of the shares vest on July 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on September 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on June 1, 2027.