4//SEC Filing
BRUSCHA BERNHARD 4
Accession 0001683168-23-003134
CIK 0001114925other
Filed
May 9, 8:00 PM ET
Accepted
May 10, 6:03 PM ET
Size
9.5 KB
Accession
0001683168-23-003134
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
BRUSCHA BERNHARD
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2023-05-08+6,454→ 16,538 total(indirect: By Spouse) - Exercise/Conversion
Restricted Stock Units
2023-05-08−6,454→ 6,455 total(indirect: By Spouse)→ Common Stock (6,454 underlying)
Holdings
- 131,454
Common Stock
- 5,415,880(indirect: By TL Investment GmbH)
Common Stock
Footnotes (5)
- [F1]Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted to the Reporting Person's spouse on November 8, 2022 (the "Grant Date").
- [F2]The Reporting Person disclaims beneficial ownership of shares of the Issuer's common stock held by his spouse, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such reported shares for purposes of Section 16 or for any other purpose.
- [F3]Bernhard Bruscha serves as managing director of TL Investment GmbH, a company formed under the laws of Germany and the direct owner of the subject securities.
- [F4]RSUs convert into common stock on a one-for-one basis.
- [F5]The RSUs will vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date and one half (1/2) of the shares vesting on the first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.
Documents
Issuer
LANTRONIX INC
CIK 0001114925
Entity typeother
Related Parties
1- filerCIK 0001134246
Filing Metadata
- Form type
- 4
- Filed
- May 9, 8:00 PM ET
- Accepted
- May 10, 6:03 PM ET
- Size
- 9.5 KB