Jeremy Whitaker - 09 Sep 2024 Form 4 Insider Report for LANTRONIX INC (LTRX)

Reporting relationship: Chief Financial Officer
Issuer ticker: LTRX
Reported as of: 09 Sep 2024
Net transaction value: -$276,465
SEC form: 4
Accepted by SEC: 10 Sep 2024, 18:40:57 UTC
Prior SEC filing: 29 Aug 2024
Source filing: View source filing
Reporting owner signature: /s/ Jeremy Whitaker

Key filing fact

Jeremy Whitaker filed Form 4 for LANTRONIX INC (LTRX) on 10 Sep 2024.

Key facts

This page summarizes Jeremy Whitaker's Form 4 filing for LANTRONIX INC (LTRX).
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 10 Sep 2024, 18:40.

Change

Previous filing in this sequence was filed on 29 Aug 2024.
Current net transaction value: -$276,465.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LTRX transaction

Common Stock

Award

Transaction value: $0
Shares: +30,275
Change %: +11%
Price: $0.000000
Shares after: 316,165
Date: 09 Sep 2024
Ownership: Direct
Footnotes: F1

LTRX transaction

Common Stock

Award

Transaction value: $0
Shares: +40,876
Change %: +13%
Price: $0.000000
Shares after: 357,041
Date: 09 Sep 2024
Ownership: Direct
Footnotes: F2

LTRX transaction

Common Stock

Award

Transaction value: $0
Shares: +52,060
Change %: +15%
Price: $0.000000
Shares after: 409,101
Date: 09 Sep 2024
Ownership: Direct
Footnotes: F3

LTRX transaction

Common Stock

Tax liability

Transaction value: $276,465
Shares: -66,779
Change %: -16%
Price: $4.14
Shares after: 342,322
Date: 09 Sep 2024
Ownership: Direct
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.