Form 4 for LTRX LANTRONIX INC
Accepted 2022-09-06 00:00:00 ET · period of report 2022-09-01 · accession 0001683168-22-006225 · 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 | Whitaker Jeremy | CFO | S - Sale+OE | $5.98 | -15.0K | 233.4K | -6% | -$89.8K |
| D | 2022-09-06 | 2022-09-01 | LTRX | Whitaker Jeremy | CFO | F - Tax | $5.85 | -972 | 208.4K | -0.5% | -$5,686 |
| D | 2022-09-06 | 2022-09-01 | LTRX | Whitaker Jeremy | CFO | A - Grant | $0.00 | +30.0K | 238.4K | +14% | $0 |
| D | 2022-09-06 | 2022-09-01 | LTRX | Whitaker Jeremy | CFO | M - OptEx | $0.00 | +2,813 | 209.4K | +1% | $0 |
| D | 2022-09-06 | 2022-09-01 | LTRX | Whitaker Jeremy | CFO | M - OptEx | $0.00 | -2,813 | 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 | 5,000 | $6.04 | 228,410 | 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 | F | D | 972 | $5.85 | 208,410 | D | — | — | |
| 3 | Common | Common Stock | 2022-09-01 | A | A | 30,000 | $0.00 | 238,410 | D | — | — | |
| 4 | Common | Common Stock | 2022-09-06 | S | D | 5,000 | $6.06 | 219,431 | 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. (F8) The reporting person transferred 3,979 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. |
| 5 | Common | Common Stock | 2022-09-01 | M | A | 2,813 | $0.00 | 209,382 | D | — | — | |
| 6 | Common | Common Stock | 2022-09-01 | S | D | 5,000 | $5.85 | 233,410 | D | — | — | (F5) This transaction was executed in multiple trades at prices ranging from $5.73 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. |
| 7 | Derivative | Restricted Stock Units | 2022-09-01 | M | D | 2,813 | $0.00 | 0 | D | — · — to — | 2,813 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. |