Eric Singer - Jul 1, 2024 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role
President and CEO, Director
Signature
/s/ Eric Singer
Stock symbol
IMMR
Transactions as of
Jul 1, 2024
Transactions value $
-$590,080
Form type
4
Date filed
7/3/2024, 05:06 PM
Previous filing
Jun 21, 2024
Next filing
Jul 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMMR Common Stock Tax liability -$93.1K -9.84K -0.66% $9.46 1.49M Jul 1, 2024 Direct F1
transaction IMMR Common Stock Options Exercise $0 +100K +6.73% $0.00 1.59M Jul 1, 2024 Direct F2
transaction IMMR Common Stock Tax liability -$372K -39.4K -2.48% $9.46 1.55M Jul 1, 2024 Direct F3
transaction IMMR Common Stock Award $0 +250K +16.17% $0.00 1.8M Jul 1, 2024 Direct F4
transaction IMMR Common Stock Tax liability -$125K -13.1K -0.73% $9.51 1.78M Jul 3, 2024 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 IMMR Performance-based Restricted Stock Units Options Exercise $0 -100K -50% $0.00 100K Jul 1, 2024 Common Stock 100K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy the tax withholding obligations upon restricted stock units vesting.
F2 Grant of 300,000 Performance-Based Restricted Stock Units, 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 January 1, 2022 and January 1, 2027; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a three (3) year-period commencing on January 1, 2022.
F3 Represents shares withheld to satisfy the tax withholding obligations upon Performance-Based Restricted Stock Units vesting.
F4 Represents the grant of 250,000 restricted stock units, 100% of which will vest on the one-year anniversary of July 1, 2024, the effective grant date, or July 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.