William C. Martin - Aug 6, 2024 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role
Chief Strategy Officer, Director
Signature
/s/ William C. Martin
Stock symbol
IMMR
Transactions as of
Aug 6, 2024
Transactions value $
-$233,264
Form type
4
Date filed
8/7/2024, 09:23 PM
Previous filing
Jul 10, 2024
Next filing
Aug 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMMR Common Stock Options Exercise $0 +100K +7.86% $0.00 1.37M Aug 6, 2024 Direct F1
transaction IMMR Common Stock Tax liability -$233K -22.8K -1.66% $10.23 1.35M Aug 7, 2024 Direct F2

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 -100% $0.00* 0 Aug 6, 2024 Common Stock 100K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents shares withheld to satisfy the tax withholding obligations upon Performance-Based Restricted Stock Units vesting.