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LANTRONIX INC — Director's Dealing 2022
Dec 5, 2022
33788_dirs_2022-12-05_57820825-3e5a-4e1d-97c6-d11d46e1edd0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2022-12-01
Reporting Person: Holliday Roger (VP of Worldwide Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-12-01 | Common Stock | M | 3125 | — | Acquired | 119359 | Direct |
| 2022-12-01 | Common Stock | F | 1080 | $4.94 | Disposed | 118279 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-12-01 | Restricted 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: 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.