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LANTRONIX INC

For the period ended Mar 31, 2024. Filed May 2, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 2, 2024

LTRX$5.17+3.3%Stored close · as of Nov 6, 2026

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Other Information

Item 5.Other Information

Insider Trading Arrangements

During thequarter ended March 31, 2024, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act)adopted, modified orterminated a trading arrangement for the purchase or sale of securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act (“Rule 10b5-1 Plan”) or constituted a “non-Rule 10b5-1 trading arrangement,” other than the adoption of the Rule 10b5-1 Plans described below. Each of these plans provides for the sale of only such shares as are necessary to satisfy tax withholding obligations arising exclusively from the vesting of restricted stock units (“RSUs”) and performance stock units (“PSUs”) granted to the respective plan participant by the Company, with the number of such withholding shares to be provided to the broker by a representative of the Company when determinable:

Name (Title)Date of Adoption of Trading ArrangementDuration of Trading ArrangementType of Securities CoveredGross Number of Securities Granted
Saleel Awsare (Chief Executive Officer)March 15, 2024June 15, 2025PSUs RSUs235,127* 470,255
Jeremy Whitaker (Chief Financial Officer)March 25, 2024June 15, 2025PSUs290,098*
Eric Bass (Vice President, Engineering)March 25, 2024June 15, 2025PSUs171,087*
Roger Holliday (Vice President, Worldwide Sales until February 29, 2024; currently employed in non-officer role)March 25, 2024June 15, 2025PSUs194,571*
  • The number of shares subject to the PSUs is presented based on the targeted level of performance. The actual number of shares covered by the award depends on actual performance achieved and may range from 0% to 200% of the shares subject to the award at the targeted level of performance. A representative of the Company will inform the broker of the precise number of shares that vest under each award when finally determined following the completion of the relevant performance period.
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