Holliday Roger 4
4 · LANTRONIX INC · Filed Mar 2, 2023
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Holliday Roger
VP of Worldwide Sales
Transactions
- Exercise/Conversion
Common Stock
2023-03-01+3,125→ 121,404 total - Exercise/Conversion
Restricted Stock Units
2023-03-01−3,125→ 12,500 total→ Common Stock (3,125 underlying) - Tax Payment
Common Stock
2023-03-01$5.09/sh−1,274$6,485→ 120,130 total
Footnotes (2)
- [F1]Represents inducement restricted stock units ("Inducement RSUs") granted on February 4, 2020. The shares subject to the Inducement RSUs shall vest according to the following schedule: 12,500 of the Inducement RSUs vested on March 1, 2021, and the remaining Inducement RSUs shall vest 1/12th each quarter thereafter for a period of 3 years. 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, 1,274 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.