Form 4 for LTRX LANTRONIX INC
Accepted 2023-09-14 00:00:00 ET · period of report 2023-09-13 · accession 0001683168-23-006444 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-09-14 | 2023-09-13 | LTRX | Whitaker Jeremy | CFO, Interim CEO | A - Grant | $0.00 | +25.2K | 288.1K | +10% | $0 | |
| 2023-09-14 | 2023-09-13 | LTRX | Whitaker Jeremy | CFO, Interim CEO | F - Tax | $5.29 | -8,724 | 274.2K | -3% | -$46.1K |
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 | 2023-09-13 | A | A | 25,229 | $0.00 | 288,071 | D | — | — | (F1) On July 27, 2021, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. A percentage of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2022 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 25,229 RSUs subject to the award on September 13, 2023, with respect to the performance conditions that were satisfied for fiscal 2023. |
| 2 | Common | Common Stock | 2023-09-13 | F | D | 8,724 | $5.29 | 274,202 | D | — | — | (F3) The reporting person transferred 5,145 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. |