Philip G. Brace - 04 Nov 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role
Director
Signature
/s/ Brent Stringham, Attorney-in-fact for Philip Brace
Issuer symbol
LTRX
Transactions as of
04 Nov 2024
Net transactions value
$0
Form type
4
Filing time
06 Nov 2024, 17:00:12 UTC
Previous filing
03 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 Options Exercise $0 +8,484 +67% $0.000000 21,154 04 Nov 2024 Direct F1
holding LTRX Common Stock 47,000 04 Nov 2024 By Brace Family Trust
holding LTRX Common Stock 24 04 Nov 2024 By son 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 -8,484 -100% $0.000000 0 04 Nov 2024 Common Stock 8,484 Direct F3, F4
transaction LTRX Restricted Stock Units Award $0 +19,599 $0.000000 19,599 05 Nov 2024 Common Stock 19,599 Direct F3, F4
* 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 November 7, 2023 (the "Grant Date").
F2 The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F3 RSUs convert into common stock on a one-for-one basis.
F4 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.