Christa Steele - Jul 24, 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Director
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Christa Steele
Stock symbol
LTRX
Transactions as of
Jul 24, 2024
Transactions value $
$0
Form type
4
Date filed
7/25/2024, 07:47 PM
Previous filing
Feb 20, 2024
Next filing
Nov 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Options Exercise $0 +5.17K $0.00 5.17K Jul 24, 2024 Direct F1
holding LTRX Common Stock 11.6K Jul 24, 2024 Christa Steele Revocable Trust

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 -5.17K -50% $0.00 5.17K Jul 24, 2024 Common Stock 5.17K Direct F2, F3
* 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 January 24, 2024 (the "Grant Date").
F2 RSUs convert into common stock on a one-for-one basis.
F3 The 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 earlier to occur of (a) the first anniversary of the Corporation's 2023 annual meeting of stockholders and (b) the day immediately preceding the date of the first annual meeting of the Corporation's stockholders at which one or more members of the Corporation's Board of Directors are to be elected that occurs in the 2024 annual meeting of stockholders .