Filing Details

Accession Number:
0001683168-22-006293
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-09-09 20:14:04
Reporting Period:
2022-09-07
Accepted Time:
2022-09-09 20:14:04
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.
48 Discovery, Suite 250
Irvine CA 92618
Vp Of Worldwide Sales No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2022-09-07 13,475 $0.00 109,294 No 4 A Direct
Common Stock Disposition 2022-09-07 2,246 $5.85 107,048 No 4 S Direct
Common Stock Disposition 2022-09-08 2,246 $6.04 104,802 No 4 S Direct
Common Stock Disposition 2022-09-09 2,246 $5.82 102,556 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Footnotes
  1. On October 18, 2019, 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 2020 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 13,475 RSUs subject to the award on September 7, 2022 with respect to the performance conditions that were satisfied for fiscal 2022.
  2. 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.
  3. This transaction was executed in multiple trades at prices ranging from $5.99 to $6.14. 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.
  4. This transaction was executed in multiple trades at prices ranging from $5.80 to $5.90. 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.
  5. This transaction was executed in multiple trades at prices ranging from $5.74 to $5.87. 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.