David Bruce - Oct 27, 2022 Form 4 Insider Report for IRIDEX CORP (IRIX)

Signature
/s/ Nilo De Castro, Attorney-in-Fact for David I. Bruce
Stock symbol
IRIX
Transactions as of
Oct 27, 2022
Transactions value $
$0
Form type
4
Date filed
10/31/2022, 07:26 PM
Previous filing
Jul 5, 2022
Next filing
May 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRIX Common Stock Award $0 +59.7K +63.96% $0.00 153K Oct 27, 2022 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 Stock Option (Right to buy) Award $0 +121K $0.00 121K Oct 27, 2022 Common Stock 121K $2.28 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 June 30, 2023 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 June 30, 2023 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.