LANTRONIX INC — Director's Dealing 2022

Aug 31, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2022-08-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-29	Common Stock	A	31157	—	Acquired	477596	Direct
2022-08-29	Common Stock	S	5193	$6.510	Disposed	472403	Direct
2022-08-30	Common Stock	S	5193	$6.364	Disposed	467210	Direct
2022-08-31	Common Stock	S	5192	$6.196	Disposed	462018	Direct

Footnotes

F1: On July 27, 2021, 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 2022 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 31,157 RSUs subject to the award on August 29, 2022 with respect to the performance conditions that were satisfied for fiscal 2022.

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 $6.41 to $6.64. 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: This transaction was executed in multiple trades at prices ranging from $6.25 to $6.50. 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.

F5: This transaction was executed in multiple trades at prices ranging from $6.05 to $6.33. 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.