Nandini Devi - Jun 16, 2021 Form 4 Insider Report for IRIDEX CORP (IRIX)

Role: Director
Signature: /s/ Nilo De Castro, Attorney-in-Fact for Nandini Devi
Stock symbol: IRIX
Transactions as of: Jun 16, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/21/2021, 06:56 PM
Next filing: Nov 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IRIX	Common Stock	Award	$0	+5.42K		$0.00	5.42K	Jun 16, 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	Common Stock (right to buy)	Award	$0	+15K		$0.00	15K	Jun 16, 2021	Common Stock	15K	$7.38	Direct	F2, F3

* 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. 100% of the RSUs vest on the earlier of June 16, 2022 or the date of the Issuer's next annual meeting of stockholders.
F2	This option granted pursuant to IRIDEX Corporation's 2008 Amended and Restated Equity Incentive Plan and is exempt pursuant to Rule16b-3.
F3	The shares are subject to vesting according to the following schedule: 1/48th of the total number of shares vest on July 16, 2021 and each month thereafter.