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LANTRONIX INC — Director's Dealing 2024
Sep 10, 2024
33788_dirs_2024-09-10_5ba6653e-e4cc-4b4b-8aa4-2f59ab745175.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: 2024-09-09
Reporting Person: Awsare Saleel (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-09-09 | Common Stock | A | 47025 | — | Acquired | 77025 | Direct |
| 2024-09-09 | Common Stock | F | 24664 | $4.14 | Disposed | 52361 | Direct |
Footnotes
F1: On November 20, 2023, 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 2024 based on certain earnings per share targets, revenue targets and relative total stockholder return conditions. This transaction reflects the vesting and payment of 47,025 RSUs subject to the award on September 9, 2024, with respect to the performance conditions that were satisfied for fiscal 2024.
F2: In accordance with the terms of the applicable RSU award agreements, 24,664 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.