LANTRONIX INC — Director's Dealing 2023

Nov 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2023-11-08

Reporting Person: BRUSCHA BERNHARD (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-08	Common Stock	M	6455	—	Acquired	22993	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-08	Restricted Stock Units	$	M	6455	Disposed		Common Stock (6455)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5415880	Indirect
Common Stock	131454	Direct

Footnotes

F1: Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted to the Reporting Person's spouse on November 8, 2022 (the "Grant Date").

F2: The Reporting Person disclaims beneficial ownership of shares of the Issuer's common stock held by his spouse, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such reported shares for purposes of Section 16 or for any other purpose.

F3: Bernhard Bruscha serves as managing director of TL Investment GmbH, a company formed under the laws of Germany and the direct owner of the subject securities.

F4: RSUs convert into common stock on a one-for-one basis.

F5: The RSUs will vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date and one half (1/2) of the shares vesting on the first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.