Form 4 for LTRX LANTRONIX INC
Accepted 2022-09-06 00:00:00 ET · period of report 2022-09-01 · accession 0001683168-22-006219 · 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 | 2022-09-06 | 2022-09-01+ | LTRX | Hakam Fathi | VP of Engineering | S - Sale+OE | $5.98 | -10.0K | 120.1K | -8% | -$59.8K |
| D | 2022-09-06 | 2022-09-01 | LTRX | Hakam Fathi | VP of Engineering | A - Grant | $0.00 | +20.0K | 130.1K | +18% | $0 |
| D | 2022-09-06 | 2022-09-01 | LTRX | Hakam Fathi | VP of Engineering | F - Tax | $5.85 | -2,161 | 110.1K | -2% | -$12.6K |
| D | 2022-09-06 | 2022-09-01 | LTRX | Hakam Fathi | VP of Engineering | M - OptEx | $0.00 | +6,250 | 112.2K | +6% | $0 |
| D | 2022-09-06 | 2022-09-01 | LTRX | Hakam Fathi | VP of Engineering | M - OptEx | $0.00 | -6,250 | 0 | -100% | $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 | 2022-09-02 | S | D | 3,333 | $6.04 | 123,390 | D | — | — | (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. |
| 2 | Common | Common Stock | 2022-09-01 | S | D | 3,334 | $5.85 | 126,723 | D | — | — | (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. |
| 3 | Common | Common Stock | 2022-09-01 | A | A | 20,000 | $0.00 | 130,057 | D | — | — | |
| 4 | Common | Common Stock | 2022-09-01 | F | D | 2,161 | $5.85 | 110,057 | D | — | — | |
| 5 | Common | Common Stock | 2022-09-01 | M | A | 6,250 | $0.00 | 112,218 | D | — | — | |
| 6 | Common | Common Stock | 2022-09-06 | S | D | 3,333 | $6.06 | 120,057 | D | — | — | (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. |
| 7 | Derivative | Restricted Stock Units | 2022-09-01 | M | D | 6,250 | $0.00 | 0 | D | — · — to — | 6,250 Common Stock | (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. |