LANTRONIX INC — Director's Dealing 2022

Mar 4, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2022-03-03

Reporting Person: Holliday Roger (VP of Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-03	Common Stock	M	3125	—	Acquired	71551	Direct
2022-03-03	Common Stock	S	1261	$6.5859	Disposed	70290	Direct
2022-03-04	Common Stock	S	35	$6.50	Disposed	70255	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-03	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: 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 $6.53 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.