Kurt Hoff - May 13, 2024 Form 3 Insider Report for LANTRONIX INC (LTRX)

Role
VP, Worldwide Sales
Signature
/s/ Jeremy Whitaker, Attorney-in-fact for Kurt W. Hoff
Stock symbol
LTRX
Transactions as of
May 13, 2024
Transactions value $
$0
Form type
3
Date filed
5/14/2024, 07:41 AM
Next filing
Jul 23, 2024
SEC
View on sec.gov

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
holding LTRX Restricted Stock Units May 13, 2024 Common Stock 62.4K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents inducement restricted stock units ("Inducement RSUs") granted on March 5, 2024. The shares subject to the Inducement RSUs shall vest according to the following schedule: one-third of the Inducement RSUs shall vest on March 1, 2025, and the remaining balance will become vested in eight equal quarterly installments beginning on June 1, 2025.