Patrick Mercer - Oct 27, 2022 Form 4 Insider Report for IRIDEX CORP (IRIX)

Role
COO
Signature
/s/ Nilo De Castro, Attorney-in-Fact for Patrick Mercer
Stock symbol
IRIX
Transactions as of
Oct 27, 2022
Transactions value $
-$161
Form type
4
Date filed
10/31/2022, 07:22 PM
Previous filing
Oct 3, 2022
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRIX Common Stock Award $0 +35.6K +68.69% $0.00 87.4K Oct 27, 2022 Direct F1
transaction IRIX Common Stock Tax liability -$161 -71 -0.08% $2.27 87.3K Oct 30, 2022 Direct F2

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 Stock Option (Right to buy) Award $0 +72.2K $0.00 72.2K Oct 27, 2022 Common Stock 72.2K $2.28 Direct 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. The RSUs vest as to one-third of the shares on June 30, 2023 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F2 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.
F3 The option vests as to one-third of the shares on June 30, 2023 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.