Form 4 for LTRX LANTRONIX INC
Accepted 2022-03-04 00:00:00 ET · period of report 2022-03-03 · accession 0001683168-22-001465 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-04 | 2022-03-03+ | LTRX | Whitaker Jeremy | CFO | S - Sale+OE | $6.58 | -1,167 | 198.2K | -0.6% | -$7,677 |
| D | 2022-03-04 | 2022-03-03 | LTRX | Whitaker Jeremy | CFO | M - OptEx | $0.00 | +2,812 | 199.4K | +1% | $0 |
| D | 2022-03-04 | 2022-03-03 | LTRX | Whitaker Jeremy | CFO | M - OptEx | $0.00 | -2,812 | 5,629 | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-04 | S | D | 32 | $6.53 | 197,511 | D | — | — | (F4) The reporting person transferred 679 of the net shares of Lantronix, Inc. common stock received at vesting to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife. |
| 2 | Common | Common Stock | 2022-03-03 | S | D | 1,135 | $6.58 | 198,222 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $6.53 to $6.64. 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. |
| 3 | Common | Common Stock | 2022-03-03 | M | A | 2,812 | $0.00 | 199,357 | D | — | — | |
| 4 | Derivative | Restricted Stock Units | 2022-03-03 | M | D | 2,812 | $0.00 | 5,629 | D | — · — to — | 2,812 Common Stock | (F1) Represents restricted stock units ("RSUs") granted on August 31, 2018. The RSUs vest such that (a) 25% of the shares (11,250 shares) vested on September 1, 2019, the one-year anniversary of the grant date and (b) 1/16 of the 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 RSU represents the right to receive one share of the issuer's common stock. |