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Filing Details

Accession Number:: 0001683168-22-006221
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-09-06 20:20:03
Reporting Period:: 2022-09-01

Accepted Time:: 2022-09-06 20:20:03
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1114925	Lantronix Inc	LTRX	Computer Communications Equipment (3576)	330362767

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1801318	Roger Holliday	C/O Lantronix, Inc. 7535 Irvine Center Drive, Suite 100 Irvine CA 92618	Vp Of Worldwide Sales	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2022-09-01	3,125	$0.00	85,649	No	4	M	Direct
Common Stock	Disposition	2022-09-01	1,080	$5.85	84,569	No	4	F	Direct
Common Stock	Acquisiton	2022-09-01	22,500	$0.00	107,069	No	4	A	Direct
Common Stock	Disposition	2022-09-01	3,750	$5.85	103,319	No	4	S	Direct
Common Stock	Disposition	2022-09-02	3,750	$6.04	99,569	No	4	S	Direct
Common Stock	Disposition	2022-09-06	3,750	$6.06	95,819	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	A	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2022-09-01	3,125	$0.00	3,125	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
18,750			No	4	M	Direct

Footnotes

Represents inducement restricted stock units ("Inducement RSUs") granted on February 4, 2020. The shares subject to the Inducement RSUs shall vest according to the following schedule: 12,500 of the Inducement RSUs vested on March 1, 2021, and the remaining Inducement RSUs shall vest 1/12th each quarter thereafter for a period of 3 years. Each Inducement RSU represents the right to receive one share of the issuer's common stock.
In accordance with the terms of the RSU Agreement, 1,080 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
On November 2, 2020, 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 2021 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 22,500 RSUs subject to the award on September 1, 2022 with respect to the performance conditions that were satisfied for fiscal 2022.
Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
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.
This transaction was executed in multiple trades at prices ranging from $5.78 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.
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.