Saleel Awsare - 01 Nov 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: President & CEO, Director
Signature: /s/ Brent Stringham, Attorney-in-fact for Saleel Awsare
Issuer symbol: LTRX
Transactions as of: 01 Nov 2024
Net transactions value: -$221,475
Form type: 4
Filing time: 04 Nov 2024, 16:30:04 UTC
Previous filing: 10 Sep 2024
Next filing: 13 Nov 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LTRX	Common Stock	Award	$0	+156,751	+299%	$0.000000	209,112	01 Nov 2024	Direct	F1
transaction	LTRX	Common Stock	Tax liability	$221,475	-55,928	-27%	$3.96	153,184	01 Nov 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	-156,751	-33%	$0.000000	313,504	01 Nov 2024	Common Stock	156,751		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.