Brent Stringham - 01 Mar 2025 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: Chief Financial Officer
Signature: /s/ Brent Stringham
Issuer symbol: LTRX
Transactions as of: 01 Mar 2025
Net transactions value: -$1,999
Form type: 4
Filing time: 03 Mar 2025, 20:01:29 UTC
Previous filing: 03 Dec 2024
Next filing: 03 Jun 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	+313	+0.42%	$0.000000	74,001	01 Mar 2025	Direct	F1
transaction	LTRX	Common Stock	Options Exercise	$0	+375	+0.51%	$0.000000	74,376	01 Mar 2025	Direct	F2
transaction	LTRX	Common Stock	Options Exercise	$0	+667	+0.9%	$0.000000	75,043	01 Mar 2025	Direct	F3
transaction	LTRX	Common Stock	Options Exercise	$0	+550	+0.73%	$0.000000	75,593	01 Mar 2025	Direct	F4
transaction	LTRX	Common Stock	Tax liability	$1,999	-781	-1%	$2.56	74,812	01 Mar 2025	Direct	F5

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	-313	-33%	$0.000000	625	01 Mar 2025	Common Stock	313		Direct	F1
transaction	LTRX	Restricted Stock Units	Options Exercise	$0	-375	-25%	$0.000000	1,125	01 Mar 2025	Common Stock	375		Direct	F2
transaction	LTRX	Restricted Stock Units	Options Exercise	$0	-667	-33%	$0.000000	1,334	01 Mar 2025	Common Stock	667		Direct	F3
transaction	LTRX	Restricted Stock Units	Options Exercise	$0	-550	-14%	$0.000000	3,301	01 Mar 2025	Common Stock	550		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Represents outstanding restricted stock units ("RSUs") granted on September 13, 2021. The remaining unvested shares subject to the RSUs vest ratably in equal quarterly installments through September 1, 2025. Each RSU represents the right to receive one share of the issuer's common stock.
F2	Represents outstanding restricted stock units ("RSUs") granted on January 2, 2022. The remaining unvested shares subject to the RSUs vest ratably in equal quarterly installments through December 1, 2025. Each RSU represents the right to receive one share of the issuer's common stock.
F3	Represents outstanding restricted stock units ("RSUs") granted on September 1, 2022. The remaining unvested shares subject to the RSUs vest ratably in equal quarterly installments through September 1, 2025. Each RSU represents the right to receive one share of the issuer's common stock.
F4	Represents outstanding restricted stock units ("RSUs") granted on October 3, 2023. The remaining unvested shares subject to the RSUs vest ratably in equal quarterly installments through September 1, 2026. Each RSU represents the right to receive one share of the issuer's common stock.
F5	In accordance with the terms of the applicable RSU award agreements, 781 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.