Form 4 for LTRX LANTRONIX INC

Accepted 2022-06-03 00:00:00 ET · period of report 2022-06-01 · accession 0001683168-22-004161 · 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
D	2022-06-03	2022-06-01	LTRX	Whitaker Jeremy	CFO	M - OptEx	$0.00	+2,812	200.3K	+1%	$0
D	2022-06-03	2022-06-01	LTRX	Whitaker Jeremy	CFO	F - Tax	$5.64	-947	198.7K	-0.5%	-$5,341
D	2022-06-03	2022-06-01	LTRX	Whitaker Jeremy	CFO	M - OptEx	$0.00	-2,812	2,817	-50%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-06-01	M	A	2,812	$0.00	200,323	D	—	—
2	Common	Common Stock	2022-06-01	F	D	947	$5.64	198,697	D	—	—	(F3) 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.
3	Derivative	Restricted Stock Units	2022-06-01	M	D	2,812	$0.00	2,817	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.