LANTRONIX INC — Director's Dealing 2023

May 10, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2023-05-08

Reporting Person: Nguyen Heidi (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-08	Common Stock	M	6454	—	Acquired	16538	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-08	Restricted Stock Units	$	M	6454	Disposed		Common Stock (6454)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	131454	Indirect
Common Stock	5415880	Indirect

Footnotes

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

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

F3: 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.

F4: The Reporting Person serves as Vice President and as a director of TL Investment GmbH, a company formed under the laws of Germany and the direct owner of the subject securities. The Reporting Person's spouse is the sole shareholder and a managing director of TL Investment GmbH.

F5: The Reporting Person disclaims beneficial ownership of shares of the Issuer's common stock held by her spouse or TL Investment GmbH, except to the extent of her 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.