LANTRONIX INC — Director's Dealing 2021

Sep 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2021-09-20

Reporting Person: Pickle Paul H (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-20	Common Stock	M	20000	$4.04	Acquired	425954	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-20	Stock Option (Right to buy)	$4.04	M	20000	Disposed	2026-04-22	Common Stock (20000)	Direct

Footnotes

F1: Represents shares of common stock acquired via exercise of inducement stock options ("Inducement Options") granted on April 22, 2019. The Inducement Options vest according to the following schedule: 250,000 of the options vested one year from date of grant, the next 100,000 options vest 1/24th per month over the following 24 months, and the remaining 150,000 options vest 1/12th each month thereafter for a period of 12 months.