LANTRONIX INC — Director's Dealing 2023

Sep 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2023-09-13

Reporting Person: Holliday Roger (VP of Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-09-13	Common Stock	A	18349	—	Acquired	146905	Direct
2023-09-13	Common Stock	F	6345	$5.29	Disposed	140560	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 18,349 RSUs subject to the award on September 13, 2023 with respect to the performance conditions that were satisfied for fiscal 2023.

F2: In accordance with the terms of the applicable RSU award agreement, 6,345 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.