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: Pickle Paul H (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-03	Common Stock	M	15625	—	Acquired	454579	Direct
2021-12-03	Common Stock	S	5560	$6.7555	Disposed	449019	Direct
2021-12-03	Common Stock	P	15000	$6.8022	Acquired	464019	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-03	Restricted Stock Units	$	M	15625	Disposed		Common Stock (15625)	Direct

Footnotes

F1: Represents inducement restricted stock units ("Inducement RSUs") granted on May 1, 2019. The shares subject to the Inducement RSUs shall vest according to the following schedule: 62,500 of the Inducement RSUs vested on June 1, 2020, and the remaining Inducement RSUs shall vest ratably 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 obligations.

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.

F4: The reporting person's purchase of the issuer's common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, to the extent of 1,697 shares, with the reporting person's sale of the issuer's common stock reported herein. The reporting person has paid $179.00 to the issuer, representing the full amount of the profit realized in connection with the short-swing transaction.

F5: This transaction was executed in multiple trades at prices ranging from $6.73 to $6.81. 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.