Patrick Mercer - 19 Sep 2023 Form 4 Insider Report for IRIDEX CORP (IRIX)

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	Stock Option (Right to buy)	Award	$0	+115,000		$0	115,000	19 Sep 2023	Common Stock	115,000	$2.13	Direct	F1

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

Id	Content
F1	The option vests as to one-third of the shares on June 30, 2024 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.