Paul H. Pickle - 20 Sep 2021 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: President & CEO, Director
Signature: /s/ Jeremy Whitaker, Attorney-in-fact for Paul H. Pickle
Issuer symbol: LTRX
Transactions as of: 20 Sep 2021
Net transactions value: +$80,800
Form type: 4
Filing time: 20 Sep 2021, 16:36:56 UTC
Previous filing: 15 Sep 2021
Next filing: 22 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LTRX	Common Stock	Options Exercise	$80,800	+20,000	+4.9%	$4.04	425,954	20 Sep 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LTRX	Stock Option (Right to buy)	Options Exercise	$0	-20,000	-4%	$0.000000	480,000	20 Sep 2021	Common Stock	20,000	$4.04	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of common stock acquired via exercise of inducement stock options ("Inducement Options") granted on April 22, 2019. The Inducement Options vest according to the following schedule: 250,000 of the options vested one year from date of grant, the next 100,000 options vest 1/24th per month over the following 24 months, and the remaining 150,000 options vest 1/12th each month thereafter for a period of 12 months.

Content

Represents shares of common stock acquired via exercise of inducement stock options ("Inducement Options") granted on April 22, 2019. The Inducement Options vest according to the following schedule: 250,000 of the options vested one year from date of grant, the next 100,000 options vest 1/24th per month over the following 24 months, and the remaining 150,000 options vest 1/12th each month thereafter for a period of 12 months.