4//SEC Filing
Whitaker Jeremy 4
Accession 0001683168-23-006444
CIK 0001114925other
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 5:00 PM ET
Size
7.1 KB
Accession
0001683168-23-006444
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Whitaker Jeremy
CFO and Secretary
Transactions
- Tax Payment
Common Stock
2023-09-13$5.29/sh−8,724$46,150→ 274,202 total - Award
Common Stock
2023-09-13+25,229→ 288,071 total
Footnotes (3)
- [F1]On July 27, 2021, 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 2022 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 25,229 RSUs subject to the award on September 13, 2023, with respect to the performance conditions that were satisfied for fiscal 2023.
- [F2]In accordance with the terms of the applicable RSU award agreement, 8,724 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
- [F3]The reporting person transferred 5,145 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 13, 8:00 PM ET
- Accepted
- Sep 14, 5:00 PM ET
- Size
- 7.1 KB