Bass Eric 4
4 · LANTRONIX INC · Filed Feb 8, 2023
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Bass Eric
VP of Engineering
Transactions
- Award
Stock Options
2023-02-01+100,000→ 100,000 totalExercise: $4.95Exp: 2030-02-01→ Common Stock (100,000 underlying) - Award
Restricted Stock Units
2023-02-01+59,267→ 59,267 total→ Common Stock (59,267 underlying)
Footnotes (2)
- [F1]Represents inducement stock options ("Inducement Options") granted on February 1, 2023. The Inducement Options shall vest according to the following schedule: 25,000 of the options shall vest one year from date of grant, the remaining 75,000 options will vest 1/36th per month over the following 36 months so that 100% of options will be vested at the four year anniversary of the date of grant.
- [F2]Represents inducement restricted stock units ("Inducement RSUs") granted on February 1, 2023. The shares subject to the Inducement RSUs shall vest according to the following schedule: 14,817 of the Inducement RSUs shall vest on March 1, 2024, and the remaining Inducement RSUs shall vest 1/12th each quarter thereafter for a period of 3 years.