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LANTRONIX INC — Director's Dealing 2024
Nov 4, 2024
33788_dirs_2024-11-04_68371a52-3824-4a49-8640-4e23900328d0.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: 2024-11-01
Reporting Person: Awsare Saleel (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-01 | Common Stock | A | 156751 | — | Acquired | 209112 | Direct |
| 2024-11-01 | Common Stock | F | 55928 | $3.96 | Disposed | 153184 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-01 | Restricted Stock Units | $ | M | 156751 | Disposed | Common Stock (156751) | Direct |
Footnotes
F1: Represents inducement restricted stock units ("Inducement RSUs") granted on November 20, 2023. The shares subject to the Inducement RSUs vest according to the following schedule: 1/3rd of the Inducement RSUs shall vest on November 1, 2024, 1/3rd of the Inducement RSUs shall vest on November 1, 2025 and the remaining Inducement RSUs shall vest on November 1, 2026.
F2: In accordance with the terms of the applicable RSU award agreements, 55,928 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.