Key facts
- This page summarizes Fathi Hakam's Form 4 filing for LANTRONIX INC (LTRX).
- 7 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 06 Sep 2022, 20:17.
Fathi Hakam - 01 Sep 2022 Form 4 Insider Report for LANTRONIX INC (LTRX)
- Reporting relationship
- Vice President of Engineering
- Issuer ticker
- LTRX
- Reported as of
- 01 Sep 2022
- Net transaction value
- -$72,455
- SEC form
- 4
- Accepted by SEC
- 06 Sep 2022, 20:17:51 UTC
- Prior SEC filing
- 31 Aug 2022
- Next SEC filing
- 09 Sep 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jeremy Whitaker, Attorney-in-fact for Fathi Hakam
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Fathi Hakam filed Form 4 for LANTRONIX INC (LTRX) on 06 Sep 2022.
Change
- Previous filing in this sequence was filed on 31 Aug 2022.
- Current net transaction value: -$72,455.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
LTRX
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +6,250
- Change %
- +5.9%
- Price
- $0.000000
- Shares after
- 112,218
- Date
- 01 Sep 2022
- Ownership
- Direct
- Footnotes
- F1
LTRX
transaction
Common Stock
Tax liability
- Transaction value
- $12,642
- Shares
- -2,161
- Change %
- -1.9%
- Price
- $5.85
- Shares after
- 110,057
- Date
- 01 Sep 2022
- Ownership
- Direct
- Footnotes
- F2
LTRX
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +20,000
- Change %
- +18%
- Price
- $0.000000
- Shares after
- 130,057
- Date
- 01 Sep 2022
- Ownership
- Direct
- Footnotes
- F3
LTRX
transaction
Common Stock
Sale
- Transaction value
- $19,491
- Shares
- -3,334
- Change %
- -2.6%
- Price
- $5.85
- Shares after
- 126,723
- Date
- 01 Sep 2022
- Ownership
- Direct
- Footnotes
- F4, F5
LTRX
transaction
Common Stock
Sale
- Transaction value
- $20,128
- Shares
- -3,333
- Change %
- -2.6%
- Price
- $6.04
- Shares after
- 123,390
- Date
- 02 Sep 2022
- Ownership
- Direct
- Footnotes
- F4, F6
LTRX
transaction
Common Stock
Sale
- Transaction value
- $20,195
- Shares
- -3,333
- Change %
- -2.7%
- Price
- $6.06
- Shares after
- 120,057
- Date
- 06 Sep 2022
- Ownership
- Direct
- Footnotes
- F4, F7
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LTRX
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -6,250
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 01 Sep 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 6,250
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote F1
Represents Restricted Stock Units ("RSUs") granted on August 31, 2018. The restricted stock units ("RSUs") vest such that (a) 25% of the shares (25,000 shares) vested on September 1, 2019, the one-year anniversary of the grant date and (b) 1/16 of the shares (6,250 shares) vest quarterly thereafter, such that one hundred percent (100%) of the RSUs will be fully vested on the four-year anniversary of the grant date. Each Inducement RSU represents the right to receive one share of the issuer's common stock.
Footnote F2
In accordance with the terms of the RSU Agreement, 2,161 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Footnote F3
On November 2, 2020, 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 2021 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 20,000 RSUs subject to the award on September 1, 2022 with respect to the performance conditions that were satisfied for fiscal 2022.
Footnote F4
Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
Footnote F5
This transaction was executed in multiple trades at prices ranging from $5.74 to $5.92. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Footnote F6
This transaction was executed in multiple trades at prices ranging from $5.74 to $6.15. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Footnote F7
This transaction was executed in multiple trades at prices ranging from $6.02 to $6.11. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.