LANTRONIX INC — Director's Dealing 2022

Jun 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2022-06-01

Reporting Person: Whitaker Jeremy (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-01	Common Stock	M	2812	—	Acquired	200323	Direct
2022-06-01	Common Stock	F	947	$5.64	Disposed	198697	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-01	Restricted Stock Units	$	M	2812	Disposed		Common Stock (2812)	Direct

Footnotes

F1: Represents restricted stock units ("RSUs") granted on August 31, 2018. The RSUs vest such that (a) 25% of the shares (11,250 shares) vested on September 1, 2019, the one-year anniversary of the grant date and (b) 1/16 of the shares vest quarterly thereafter, such that one hundred percent (100%) of the RSUs will be fully vested on the four-year anniversary of the grant date. Each RSU represents the right to receive one share of the issuer's common stock.

F2: In accordance with the terms of the RSU Agreement, 947 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

F3: The reporting person transferred 679 of the net shares of Lantronix, Inc. common stock received at vesting to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.