Pickle Paul H 4
4 · LANTRONIX INC · Filed Mar 2, 2023
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Pickle Paul H
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Common Stock
2023-03-01+15,625→ 663,561 total - Tax Payment
Common Stock
2023-03-01$5.09/sh−5,403$27,501→ 658,158 total - Exercise/Conversion
Restricted Stock Units
2023-03-01−15,625→ 15,625 total→ Common Stock (15,625 underlying)
Footnotes (2)
- [F1]Represents inducement restricted stock units ("Inducement RSUs") granted on May 1, 2019. The shares subject to the Inducement RSUs shall vest according to the following schedule: 62,500 of the Inducement RSUs vested on June 1, 2020, and the remaining Inducement RSUs shall vest ratably 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, 5,403 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.