Jared Smith - 03 Jun 2021 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role: Interim CEO/VP Worldwide Sales
Signature: /s/ Francis Jose, Attorney-in-Fact for Jared Smith
Issuer symbol: IMMR
Transactions as of: 03 Jun 2021
Net transactions value: -$80,542
Form type: 4
Filing time: 07 Jun 2021, 18:00:46 UTC
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		+26,667	+102%		52,701	03 Jun 2021	Direct	F1
transaction	IMMR	Common Stock	Tax liability	$80,542	-9,322	-18%	$8.64	43,379	04 Jun 2021	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	Restricted Stock Units	Options Exercise	$0	-26,667	-50%	$0.000000	26,666	03 Jun 2021	Common Stock	26,667		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2	Represents the number of shares automatically sold, on a non-discretionary basis, to cover tax withholding obligation in connection with the vesting of the RSUs.
F3	On July 15, 2019, the Reporting Person was granted 80,000 RSUs, 1/3 of which vested on June 3, 2020, 1/3 of which vested on June 3, 2021, and an additional 1/3 of which will vest on June 3, 2022, subject to Reporting Person's continued service through each such date.