Kevin S. Palatnik - Nov 5, 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Director
Signature
/s/ Brent Stringham, Attorney-in-fact for Kevin S. Palatnik
Stock symbol
LTRX
Transactions as of
Nov 5, 2024
Transactions value $
$0
Form type
4
Date filed
11/6/2024, 05:00 PM
Previous filing
Jul 1, 2022

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 +19.6K $0.00 19.6K Nov 5, 2024 Common Stock 19.6K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs convert into common stock on a one-for-one basis.
F2 The restricted stock units ("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 first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.