LANTRONIX INC — Director's Dealing 2021

Dec 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2021-12-03

Reporting Person: Holliday Roger (VP of Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-03	Common Stock	M	3125	—	Acquired	69538	Direct
2021-12-03	Common Stock	S	1112	$6.7555	Disposed	68426	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-03	Restriced Stock Units	$	M	3125	Disposed		Common Stock (3125)	Direct

Footnotes

F1: 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.

F2: Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding.

F3: This transaction was executed in multiple trades at prices ranging from $6.64 to $6.97. 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.