Patrick Mercer - 30 Jun 2023 Form 4 Insider Report for IRIDEX CORP (IRIX)

Role
President and COO
Signature
/s/ Nilo De Castro, Attorney-in-Fact for Patrick Mercer
Issuer symbol
IRIX
Transactions as of
30 Jun 2023
Transactions value $
-$16,959
Form type
4
Filing time
24 May 2024, 18:41:05 UTC
Previous filing
31 Oct 2022
Next filing
21 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRIX Common Stock Tax liability -$12,646 -5,828 -6.68% $2.17 81,455 30 Jun 2023 Direct F1
transaction IRIX Common Stock Tax liability -$4,312 -2,015 -2.47% $2.14 79,440 04 Jul 2023 Direct F1
transaction IRIX Coomon Stock Award $0 +120,000 +151% $0.000000 199,440 22 May 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares have been withheld in an exempt disposition to the Issuer under Rule 16b-3(e), to satisfy the Issuer's income tax withholding and remittance obligations in connection with the net settlement of restricted stock units and does not represent a sale by the Reporting Person.
F2 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 May 22, 2025 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.