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: 2023-11-07

Reporting Person: BRACE PHILIP G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-08	Common Stock	M	4186	—	Acquired	4186	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-07	Restricted Stock Units	$	A	16968	Acquired		Common Stock (16968)	Direct
2023-11-08	Restricted Stock Units	$	M	4186	Disposed		Common Stock (4186)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12000	Indirect
Common Stock	24	Indirect

Footnotes

F1: Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on August 8, 2023 (the "Grant Date").

F2: RSUs convert into common stock on a one-for-one basis.

F3: The restricted stock units ("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.

F4: The RSUs become fully (100%) vested on November 8, 2023.