David Bruce - 05 Aug 2021 Form 4 Insider Report for IRIDEX CORP (IRIX)

Role: President and CEO, Director
Signature: /s/ Nilo De Castro, Attorney-in-Fact for David Bruce
Issuer symbol: IRIX
Transactions as of: 05 Aug 2021
Transactions value $: $0
Form type: 4
Filing time: 09 Aug 2021, 20:10:36 UTC
Previous filing: 02 Jul 2021
Next filing: 05 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IRIX	Common Stock	Award	$0	+40,260	+60.66%	$0	106,634	05 Aug 2021	Direct	F1

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	IRIX	Employee Stock Option (right to buy)	Award	$0	+81,740		$0	81,740	05 Aug 2021	Common Stock	81,740	$6.58	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs vest as to one-third of the shares on July 4, 2022 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F2	The option vests as to one-third of the shares on July 4, 2022 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.