Joseph J. Bergera - Nov 18, 2021 Form 4 Insider Report for ITERIS, INC. (ITI)

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	+24.9K		$0.00	24.9K	Nov 18, 2021	Common Stock	24.9K	$0.00	Direct	F1, F2, F3
transaction	ITI	Stock Option (Right to Buy)	Award	$0	+100K		$0.00	100K	Nov 18, 2021	Common Stock	100K	$5.00	Direct	F4

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

Id	Content
F1	Each Restricted stock unit 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.