Eric Singer - 01 Jul 2024 Form 4 Insider Report for IMMERSION CORP (IMMR)

Reporting relationship: President and CEO, Director
Issuer ticker: IMMR
Reported as of: 01 Jul 2024
Net transaction value: -$590,080
SEC form: 4
Accepted by SEC: 03 Jul 2024, 17:06:40 UTC
Prior SEC filing: 21 Jun 2024
Next SEC filing: 10 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/ Eric Singer

Key filing fact

Eric Singer filed Form 4 for IMMERSION CORP (IMMR) on 03 Jul 2024.

Key facts

This page summarizes Eric Singer's Form 4 filing for IMMERSION CORP (IMMR).
6 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Jul 2024, 17:06.

Change

Previous filing in this sequence was filed on 21 Jun 2024.
Current net transaction value: -$590,080.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

IMMR transaction

Common Stock

Tax liability

Transaction value: $93,067
Shares: -9,838
Change %: -0.66%
Price: $9.46
Shares after: 1,485,012
Date: 01 Jul 2024
Ownership: Direct
Footnotes: F1

IMMR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +100,000
Change %: +6.7%
Price: $0.000000
Shares after: 1,585,012
Date: 01 Jul 2024
Ownership: Direct
Footnotes: F2

IMMR transaction

Common Stock

Tax liability

Transaction value: $372,270
Shares: -39,352
Change %: -2.5%
Price: $9.46
Shares after: 1,545,660
Date: 01 Jul 2024
Ownership: Direct
Footnotes: F3

IMMR transaction

Common Stock

Award

Transaction value: $0
Shares: +250,000
Change %: +16%
Price: $0.000000
Shares after: 1,795,660
Date: 01 Jul 2024
Ownership: Direct
Footnotes: F4

IMMR transaction

Common Stock

Tax liability

Transaction value: $124,743
Shares: -13,117
Change %: -0.73%
Price: $9.51
Shares after: 1,782,543
Date: 03 Jul 2024
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

IMMR transaction Derivative

Performance-based Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -100,000
Change %: -50%
Price: $0.000000
Shares after: 100,000
Date: 01 Jul 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 100,000
Exercise price
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents shares withheld to satisfy the tax withholding obligations upon restricted stock units vesting.

Footnote 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.

Footnote F3

Represents shares withheld to satisfy the tax withholding obligations upon Performance-Based Restricted Stock Units vesting.

Footnote 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.