Bass Eric 4
4 · LANTRONIX INC · Filed Mar 4, 2024
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Bass Eric
VP of Engineering
Transactions
- Exercise/Conversion
Common Stock
2024-03-01+14,816→ 19,247 total - Tax Payment
Common Stock
2024-03-01$4.15/sh−4,392$18,227→ 14,855 total - Exercise/Conversion
Restricted Stock Units
2024-03-01−14,816→ 44,451 total→ Common Stock (14,816 underlying)
Footnotes (2)
- [F1]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: 14,816 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.
- [F2]In accordance with the terms of the RSU Agreement, 4,392 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.