David Bruce - Aug 5, 2021 Form 4 Insider Report for IRIDEX CORP (IRIX)

Signature
/s/ Nilo De Castro, Attorney-in-Fact for David Bruce
Stock symbol
IRIX
Transactions as of
Aug 5, 2021
Transactions value $
$0
Form type
4
Date filed
8/9/2021, 08:10 PM
Previous filing
Jul 2, 2021
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRIX Common Stock Award $0 +40.3K +60.66% $0.00 107K Aug 5, 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 Employee Stock Option (right to buy) Award $0 +81.7K $0.00 81.7K Aug 5, 2021 Common Stock 81.7K $6.58 Direct F2
* 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. The RSUs vest as to one-third of the shares on July 4, 2022 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F2 The option vests as to one-third of the shares on July 4, 2022 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.