Saleel Awsare - Nov 1, 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
President & CEO, Director
Signature
/s/ Brent Stringham, Attorney-in-fact for Saleel Awsare
Stock symbol
LTRX
Transactions as of
Nov 1, 2024
Transactions value $
-$221,475
Form type
4
Date filed
11/4/2024, 04:30 PM
Previous filing
Sep 10, 2024
Next filing
Nov 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRX Common Stock Award $0 +157K +299.37% $0.00 209K Nov 1, 2024 Direct F1
transaction LTRX Common Stock Tax liability -$221K -55.9K -26.75% $3.96 153K Nov 1, 2024 Direct 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 -157K -33.33% $0.00 314K Nov 1, 2024 Common Stock 157K 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 November 20, 2023. The shares subject to the Inducement RSUs vest according to the following schedule: 1/3rd of the Inducement RSUs shall vest on November 1, 2024, 1/3rd of the Inducement RSUs shall vest on November 1, 2025 and the remaining Inducement RSUs shall vest on November 1, 2026.
F2 In accordance with the terms of the applicable RSU award agreements, 55,928 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.