4//SEC Filing
Nguyen Heidi 4
Accession 0001683168-22-003445
CIK 0001114925other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 4:32 PM ET
Size
9.5 KB
Accession
0001683168-22-003445
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Nguyen Heidi
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2022-05-09−5,042→ 5,042 total→ Common Stock (5,042 underlying) - Exercise/Conversion
Common Stock
2022-05-09+5,042→ 5,042 total
Holdings
- 106,454(indirect: By Spouse)
ICommon Stock
- 5,415,880(indirect: By TL Investment GmbH)
Common Stock
Footnotes (5)
- [F1]Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 9, 2021 (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.
Documents
Issuer
LANTRONIX INC
CIK 0001114925
Entity typeother
Related Parties
1- filerCIK 0001894926
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 4:32 PM ET
- Size
- 9.5 KB