William M. Cousins - 02 Dec 2022 Form 4 Insider Report for ITERIS, INC.

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	ITI	Restricted Stock Units	Award	$0	+13,392		$0.000000	13,392	02 Dec 2022	Common Stock	13,392		Direct	F1, F2, F3
transaction	ITI	Stock Option (Right to Buy)	Award	$0	+46,296		$0.000000	46,296	02 Dec 2022	Common Stock	46,296	$3.13	Direct	F4

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

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon the vesting date.
F2	The RSUs vesting schedule is as follows: 50% after two years measured from the grant date and the last 50% after three years measured from the grant date.
F3	The expiration date will be three years measured from the grant date.
F4	The stock option becomes exercisable in a series of four (4) successive equal annual installments (i.e. one-fourth of the shares each year) upon optionee's completion of each year of service over the four (4) year period measured from the grant date.