Jeremy Whitaker - Sep 9, 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Chief Financial Officer
Signature
/s/ Jeremy Whitaker
Stock symbol
LTRX
Transactions as of
Sep 9, 2024
Transactions value $
-$276,465
Form type
4
Date filed
9/10/2024, 06:40 PM
Previous filing
Aug 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Award $0 +30.3K +10.59% $0.00 316K Sep 9, 2024 Direct F1
transaction LTRX Common Stock Award $0 +40.9K +12.93% $0.00 357K Sep 9, 2024 Direct F2
transaction LTRX Common Stock Award $0 +52.1K +14.58% $0.00 409K Sep 9, 2024 Direct F3
transaction LTRX Common Stock Tax liability -$276K -66.8K -16.32% $4.14 342K Sep 9, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 27, 2021, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. A percentage of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2022 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 30,275 RSUs subject to the award on September 9, 2024, with respect to the performance conditions that were satisfied for fiscal 2024.
F2 On July 5, 2022, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. A percentage of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2023 based on certain earnings per share targets, revenue targets and relative total stockholder return conditions. This transaction reflects the vesting and payment of 40,876 RSUs subject to the award on September 9, 2024, with respect to the performance conditions that were satisfied for fiscal 2024.
F3 On July 3, 2023, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. A percentage of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2024 based on certain earnings per share targets, revenue targets and relative total stockholder return conditions. This transaction reflects the vesting and payment of 52,060 RSUs subject to the award on September 9, 2024, with respect to the performance conditions that were satisfied for fiscal 2024.
F4 In accordance with the terms of the applicable RSU award agreements, 66,779 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.