4//SEC Filing
Hakam Fathi 4
Accession 0001683168-22-006219
CIK 0001114925other
Filed
Sep 5, 8:00 PM ET
Accepted
Sep 6, 8:17 PM ET
Size
17.1 KB
Accession
0001683168-22-006219
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Hakam Fathi
Vice President of Engineering
Transactions
- Sale
Common Stock
2022-09-01$5.85/sh−3,334$19,491→ 126,723 total - Tax Payment
Common Stock
2022-09-01$5.85/sh−2,161$12,642→ 110,057 total - Sale
Common Stock
2022-09-06$6.06/sh−3,333$20,195→ 120,057 total - Exercise/Conversion
Common Stock
2022-09-01+6,250→ 112,218 total - Award
Common Stock
2022-09-01+20,000→ 130,057 total - Sale
Common Stock
2022-09-02$6.04/sh−3,333$20,128→ 123,390 total - Exercise/Conversion
Restricted Stock Units
2022-09-01−6,250→ 0 total→ Common Stock (6,250 underlying)
Footnotes (7)
- [F1]Represents Restricted Stock Units ("RSUs") granted on August 31, 2018. The restricted stock units ("RSUs") vest such that (a) 25% of the shares (25,000 shares) vested on September 1, 2019, the one-year anniversary of the grant date and (b) 1/16 of the shares (6,250 shares) vest quarterly thereafter, such that one hundred percent (100%) of the RSUs will be fully vested on the four-year anniversary of the grant date. Each Inducement RSU represents the right to receive one share of the issuer's common stock.
- [F2]In accordance with the terms of the RSU Agreement, 2,161 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
- [F3]On November 2, 2020, 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 2021 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 20,000 RSUs subject to the award on September 1, 2022 with respect to the performance conditions that were satisfied for fiscal 2022.
- [F4]Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- [F5]This transaction was executed in multiple trades at prices ranging from $5.74 to $5.92. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F6]This transaction was executed in multiple trades at prices ranging from $5.74 to $6.15. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F7]This transaction was executed in multiple trades at prices ranging from $6.02 to $6.11. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Documents
Issuer
LANTRONIX INC
CIK 0001114925
Entity typeother
Related Parties
1- filerCIK 0001751026
Filing Metadata
- Form type
- 4
- Filed
- Sep 5, 8:00 PM ET
- Accepted
- Sep 6, 8:17 PM ET
- Size
- 17.1 KB