Form 4 for LTRX LANTRONIX INC

Accepted 2023-05-10 00:00:00 ET · period of report 2023-05-08 · accession 0001683168-23-003134 · 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
DI	2023-05-10	2023-05-08	LTRX	BRUSCHA BERNHARD	10%	M - OptEx	$0.00	+6,454	16.5K	+64%	$0
DI	2023-05-10	2023-05-08	LTRX	BRUSCHA BERNHARD	10%	M - OptEx	$0.00	-6,454	6,455	-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	2023-05-08	M	A	6,454	$0.00	16,538	I By spouse	—	—	(F2) The Reporting Person disclaims beneficial ownership of shares of the Issuer's common stock held by his spouse, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such reported shares for purposes of Section 16 or for any other purpose.
2	Derivative	Restricted Stock Units	2023-05-08	M	D	6,454	$0.00	6,455	I By spouse	— · — to —	6,454 Common Stock	(F2) The Reporting Person disclaims beneficial ownership of shares of the Issuer's common stock held by his spouse, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such reported shares for purposes of Section 16 or for any other purpose. (F4) RSUs convert into common stock on a one-for-one basis. (F5) The RSUs will vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date and one half (1/2) of the shares vesting on the first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.