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LANTRONIX INC — Director's Dealing 2024
Dec 3, 2024
33788_dirs_2024-12-03_c16b23d6-d008-4a18-99c7-d3a4aa6bd005.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2024-12-01
Reporting Person: Stringham Brent Michael (Chief Acctg Ofcr, Interim CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-12-01 | Common Stock | A | 312 | — | Acquired | 72774 | Direct |
| 2024-12-01 | Common Stock | A | 375 | — | Acquired | 73149 | Direct |
| 2024-12-01 | Common Stock | A | 666 | — | Acquired | 73815 | Direct |
| 2024-12-01 | Common Stock | A | 550 | — | Acquired | 74365 | Direct |
| 2024-12-01 | Common Stock | F | 677 | $3.00 | Disposed | 73688 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-12-01 | Restricted Stock Units | $ | A | 312 | Acquired | Common Stock (312) | Direct | |
| 2024-12-01 | Restricted Stock Units | $ | A | 375 | Acquired | Common Stock (375) | Direct | |
| 2024-12-01 | Restricted Stock Units | $ | A | 666 | Acquired | Common Stock (666) | Direct | |
| 2024-12-01 | Restricted Stock Units | $ | A | 550 | Acquired | Common Stock (550) | Direct |
Footnotes
F1: Represents outstanding restricted stock units ("RSUs") granted on September 13, 2021. The remaining unvested shares subject to the RSUs vest ratably in equal quarterly installments through September 1, 2025. Each RSU represents the right to receive one share of the issuer's common stock.
F2: Represents outstanding restricted stock units ("RSUs") granted on January 2, 2022. The remaining unvested shares subject to the RSUs vest ratably in equal quarterly installments through December 1, 2025. Each RSU represents the right to receive one share of the issuer's common stock.
F3: Represents outstanding restricted stock units ("RSUs") granted on September 1, 2022. The remaining unvested shares subject to the RSUs vest ratably in equal quarterly installments through September 1, 2025. Each RSU represents the right to receive one share of the issuer's common stock.
F4: Represents outstanding restricted stock units ("RSUs") granted on October 3, 2023. The remaining unvested shares subject to the RSUs vest ratably in equal quarterly installments through September 1, 2026. Each RSU represents the right to receive one share of the issuer's common stock.
F5: In accordance with the terms of the applicable RSU award agreements, 677 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.