4//SEC Filing
Awsare Saleel 4
Accession 0001683168-24-007587
CIK 0001114925other
Filed
Nov 3, 7:00 PM ET
Accepted
Nov 4, 4:30 PM ET
Size
8.9 KB
Accession
0001683168-24-007587
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Awsare Saleel
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-11-01−156,751→ 313,504 total→ Common Stock (156,751 underlying) - Award
Common Stock
2024-11-01+156,751→ 209,112 total - Tax Payment
Common Stock
2024-11-01$3.96/sh−55,928$221,475→ 153,184 total
Footnotes (2)
- [F1]Represents inducement restricted stock units ("Inducement RSUs") granted on November 20, 2023. The shares subject to the Inducement RSUs vest according to the following schedule: 1/3rd of the Inducement RSUs shall vest on November 1, 2024, 1/3rd of the Inducement RSUs shall vest on November 1, 2025 and the remaining Inducement RSUs shall vest on November 1, 2026.
- [F2]In accordance with the terms of the applicable RSU award agreements, 55,928 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Documents
Issuer
LANTRONIX INC
CIK 0001114925
Entity typeother
Related Parties
1- filerCIK 0001733464
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 7:00 PM ET
- Accepted
- Nov 4, 4:30 PM ET
- Size
- 8.9 KB