Aaron Akerman - 10 May 2023 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role: Chief Financial Officer
Signature: /s/ Aaron Akerman
Issuer symbol: IMMR
Transactions as of: 10 May 2023
Net transactions value: -$7,022
Form type: 4
Filing time: 12 May 2023, 20:59:03 UTC
Previous filing: 14 Feb 2023
Next filing: 15 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IMMR	Common Stock	Options Exercise		+1,875	+4.1%		47,176	10 May 2023	Direct	F1
transaction	IMMR	Common Stock	Tax liability	$7,022	-1,006	-2.1%	$6.98	46,170	11 May 2023	Direct	F3

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	-1,875	-11%	$0.000000	15,000	10 May 2023	Common Stock	1,875		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Performance-Based Restricted stock Units ("PSUs") convert into common stock on a one-for-one basis.
F2	Grant of 30,000 PSUs, 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 November 10, 2020 and November 10, 2025; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a four (4) year-period commencing on November 10, 2020.
F3	Represents the number of shares automatically sold, on a non-discretionary basis, to cover tax withholding obligation in connection with the vesting of the PSUs.