4//SEC Filing
Whitaker Jeremy 4
Accession 0001683168-22-006491
CIK 0001114925other
Filed
Sep 18, 8:00 PM ET
Accepted
Sep 19, 8:02 PM ET
Size
11.4 KB
Accession
0001683168-22-006491
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Whitaker Jeremy
CFO and Secretary
Transactions
- Sale
Common Stock
2022-09-15$5.50/sh−2,480$13,650→ 243,089 total - Award
Common Stock
2022-09-15+14,876→ 245,569 total - Sale
Common Stock
2022-09-16$5.23/sh−2,479$12,963→ 240,610 total - Sale
Common Stock
2022-09-19$5.16/sh−2,479$12,802→ 236,494 total
Footnotes (6)
- [F1]On October 18, 2019, 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 2020 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 14,876 RSUs subject to the award on September 15, 2022 with respect to the performance conditions that were satisfied for fiscal 2022.
- [F2]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.
- [F3]This transaction was executed in multiple trades at prices ranging from $5.44 to $5.56. 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.
- [F4]This transaction was executed in multiple trades at prices ranging from $5.15 to $5.34. 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.
- [F5]This transaction was executed in multiple trades at prices ranging from $5.11 to $5.23. 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]The reporting person transferred 1,637 of the net shares of Lantronix, Inc. common stock received at vesting to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.
Documents
Issuer
LANTRONIX INC
CIK 0001114925
Entity typeother
Related Parties
1- filerCIK 0001337832
Filing Metadata
- Form type
- 4
- Filed
- Sep 18, 8:00 PM ET
- Accepted
- Sep 19, 8:02 PM ET
- Size
- 11.4 KB