Eric Singer - 01 Jul 2024 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role
President and CEO, Director
Signature
/s/ Eric Singer
Issuer symbol
IMMR
Transactions as of
01 Jul 2024
Net transactions value
-$590,080
Form type
4
Filing time
03 Jul 2024, 17:06:40 UTC
Previous filing
21 Jun 2024
Next filing
10 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMMR Common Stock Tax liability $93,067 -9,838 -0.66% $9.46 1,485,012 01 Jul 2024 Direct F1
transaction IMMR Common Stock Options Exercise $0 +100,000 +6.7% $0.000000 1,585,012 01 Jul 2024 Direct F2
transaction IMMR Common Stock Tax liability $372,270 -39,352 -2.5% $9.46 1,545,660 01 Jul 2024 Direct F3
transaction IMMR Common Stock Award $0 +250,000 +16% $0.000000 1,795,660 01 Jul 2024 Direct F4
transaction IMMR Common Stock Tax liability $124,743 -13,117 -0.73% $9.51 1,782,543 03 Jul 2024 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 IMMR Performance-based Restricted Stock Units Options Exercise $0 -100,000 -50% $0.000000 100,000 01 Jul 2024 Common Stock 100,000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy the tax withholding obligations upon restricted stock units vesting.
F2 Grant of 300,000 Performance-Based Restricted Stock Units, 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 January 1, 2022 and January 1, 2027; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a three (3) year-period commencing on January 1, 2022.
F3 Represents shares withheld to satisfy the tax withholding obligations upon Performance-Based Restricted Stock Units vesting.
F4 Represents the grant of 250,000 restricted stock units, 100% of which will vest on the one-year anniversary of July 1, 2024, the effective grant date, or July 1, 2025, subject to the Reporting Person's continued employment with the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's common stock.