William C. Martin - Mar 29, 2024 Form 4 Insider Report for IMMERSION CORP (IMMR)

Signature
/s/ William C. Martin
Stock symbol
IMMR
Transactions as of
Mar 29, 2024
Transactions value $
-$80,443
Form type
4
Date filed
4/2/2024, 05:15 PM
Previous filing
Jan 16, 2024
Next filing
Apr 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMMR Common Stock Award $0 +6.52K +0.74% $0.00 883K Mar 29, 2024 Direct F1
transaction IMMR Common Stock Award $0 +100K +11.32% $0.00 983K Apr 1, 2024 Direct F2
transaction IMMR Common Stock Tax liability -$80.4K -10.7K -1.09% $7.53 973K Apr 1, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common stock issued to the Reporting Person in lieu of salary earned during the three months ended March 31, 2024 less applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law. The total number of shares of the Issuer's common stock issued to the Reporting Person was calculated by determining the salary earned by the Reporting Person during the three months ended March 31, 2024, subtracting applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law, and dividing the remainder by the closing price on March 28, 2024.
F2 Represents the grant of 100,000 restricted stock units, 100% of which will vest on the one-year anniversary of April 1, 2024, the effective grant date, or April 1, 2025, subject to the Reporting Person's continued employment with the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3 Represents shares withheld to satisfy the tax withholding obligations upon restricted stock units vesting.