Kurt Hoff - Mar 1, 2025 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: VP, Worldwide Sales
Signature: /s/ Brent Stringham, Attorney-in-fact for Kurt Hoff
Stock symbol: LTRX
Transactions as of: Mar 1, 2025
Transactions value $: -$19,113
Form type: 4
Date filed: 3/3/2025, 08:01 PM
Previous filing: Jul 23, 2024
Next filing: Jun 3, 2025
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	$0	+20.8K		$0.00	20.8K	Mar 1, 2025	Direct	F1
transaction	LTRX	Common Stock	Tax liability	-$19.1K	-7.47K	-35.9%	$2.56	13.3K	Mar 1, 2025	Direct	F2

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	Restricted Stock Units	Options Exercise	$0	-20.8K	-33.33%	$0.00	41.6K	Mar 1, 2025	Common Stock	20.8K		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 such that one-third (1/3) of the shares vest on March 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on June 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on March 1, 2027
F2	In accordance with the terms of the RSU Agreement, 7,466 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

Content

Represents inducement restricted stock units ("Inducement RSUs") granted on March 5, 2024. The shares subject to the Inducement RSUs shall vest such that one-third (1/3) of the shares vest on March 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on June 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on March 1, 2027

In accordance with the terms of the RSU Agreement, 7,466 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.