Sec Form 4 Filing - Stringham Brent Michael @ LANTRONIX INC - 2024-12-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Stringham Brent Michael
2. Issuer Name and Ticker or Trading Symbol
LANTRONIX INC [ LTRX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Acctg Ofcr, Interim CFO
(Last) (First) (Middle)
C/O LANTRONIX, INC, 48 DISCOVERY SUITE 250
3. Date of Earliest Transaction (MM/DD/YY)
12/01/2024
(Street)
IRVINE, CA92618
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/01/2024 A( 1 ) 312 A $ 0 72,774 D
Common Stock 12/01/2024 A( 2 ) 375 A $ 0 73,149 D
Common Stock 12/01/2024 A( 3 ) 666 A $ 0 73,815 D
Common Stock 12/01/2024 A( 4 ) 550 A $ 0 74,365 D
Common Stock 12/01/2024 F( 5 ) 677 D $ 3 73,688 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 1 ) 12/01/2024 A 312 ( 1 ) ( 1 ) Common Stock 312 $ 0 938 D
Restricted Stock Units ( 2 ) 12/01/2024 A 375 ( 2 ) ( 2 ) Common Stock 375 $ 0 1,500 D
Restricted Stock Units ( 3 ) 12/01/2024 A 666 ( 3 ) ( 3 ) Common Stock 666 $ 0 2,001 D
Restricted Stock Units ( 4 ) 12/01/2024 A 550 ( 4 ) ( 4 ) Common Stock 550 $ 0 3,851 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Stringham Brent Michael
C/O LANTRONIX, INC
48 DISCOVERY SUITE 250
IRVINE, CA92618
Chief Acctg Ofcr, Interim CFO
Signatures
/s/ Brent Stringham 12/03/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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.
( 3 )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.
( 4 )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.
( 5 )In accordance with the terms of the applicable RSU award agreements, 677 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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