Palatnik Kevin S. 4
4 · LANTRONIX INC · Filed May 6, 2025
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Palatnik Kevin S.
Director
Transactions
- Exercise/Conversion
Common Stock
2025-05-05+9,799→ 29,799 total - Exercise/Conversion
Restricted Stock Units
2025-05-05−9,799→ 9,800 total→ Common Stock (9,799 underlying)
Footnotes (3)
- [F1]Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 5, 2024 (the "Grant Date").
- [F2]RSUs convert into common stock on a one-for-one basis.
- [F3]The RSUs 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.