Aaron Akerman - 10 Aug 2023 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role
Former Chief Financial Officer
Signature
/s/ Aaron Akerman
Issuer symbol
IMMR
Transactions as of
10 Aug 2023
Net transactions value
-$6,537
Form type
4
Filing time
11 Aug 2023, 19:08:32 UTC
Previous filing
15 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMMR Common Stock Options Exercise +1,875 +4.1% 48,045 10 Aug 2023 Direct F1
transaction IMMR Common Stock Tax liability $6,537 -967 -2% $6.76 47,078 11 Aug 2023 Direct F3

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 IMMR Performance-based Restricted Stock Units Options Exercise $0 -1,875 -12% $0.000000 13,125 10 Aug 2023 Common Stock 1,875 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Aaron Akerman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Performance-Based Restricted Stock Units ("PSUs") convert into common stock on a one-for-one basis.
F2 Grant of 30,000 PSUs, each of which represents a contingent right to receive one share of the Issuer's common stock, with vesting subject to: (a) the achievement of specified levels of the volume weighted average closing prices of the Issuer's common stock during any one hundred (100) day-period between November 10, 2020 and November 10, 2025; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a four (4) year-period commencing on November 10, 2020.
F3 Represents the number of shares automatically sold, on a non-discretionary basis, to cover tax withholding obligation in connection with the vesting of the PSUs.