Joseph Bergera - Jul 3, 2023 Form 4 Insider Report for ITERIS, INC. (ITI)

Role: President and CEO, Director
Signature: /s/ Donald R. Reynolds, by Power of Attorney
Stock symbol: ITI
Transactions as of: Jul 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/6/2023, 05:10 PM
Previous filing: Dec 6, 2022
Next filing: Nov 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ITI	Common Stock	Award	$0	+25.6K	+20.97%	$0.00	147K	Jul 3, 2023	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	ITI	Restricted Stock Units	Award	$0	+28.2K		$0.00	28.2K	Jul 3, 2023	Common Stock	28.2K		Direct	F2, F3, F4
transaction	ITI	Stock Option (Right to Buy)	Award	$0	+98.5K		$0.00	98.5K	Jul 3, 2023	Common Stock	98.5K	$4.06	Direct	F5

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

Explanation of Responses:

Id	Content
F1	In connection with the vesting of performance stock units ("PSU") previously granted to the Reporting Person, the Reporting Person received 25,564 shares of common stock.
F2	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon the vesting date.
F3	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.
F4	The expiration date will be three years measured from the grant date.
F5	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.