Form 4: Lantronix CFO Jeremy Whitaker Exercises Stock Options

Lantronix's Chief Financial Officer, Jeremy Whitaker, exercised stock options on August 28, 2024, acquiring 11,688 shares of common stock.

Summary

• On August 28, 2024, Jeremy Whitaker, the Chief Financial Officer of Lantronix, Inc., exercised stock options.
• This transaction resulted in the acquisition of 11,688 shares of Lantronix common stock at a price of $2.16 per share.
• The exercise was a 'net exercise' of stock options granted on August 29, 2017, under the company's 2010 Stock Incentive Plan.
• Following the reported transaction, Whitaker beneficially owns 285,890 shares of Lantronix common stock.
• Whitaker previously exercised 20,280 stock options from the same grant for the benefit of his ex-wife, and no longer reports those shares as beneficially owned.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine transaction. The CFO exercising options doesn't inherently indicate positive or negative performance.

Positives

• The exercise of stock options by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Executive stock option exercises are a common practice in publicly traded companies as part of their compensation and incentive programs.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the increase in outstanding shares.

Key Dates