Aaron Akerman - 10 Feb 2023 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role: Chief Financial Officer
Signature: /s/ Francis Jose, attorney-in-fact for Aaron Akerman
Issuer symbol: IMMR
Transactions as of: 10 Feb 2023
Transactions value $: -$6,839
Form type: 4
Date filed: 14 Feb 2023, 15:10
Previous filing: 18 Jan 2023
Next filing: 12 May 2023
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		+1.88K	+4.22%		46.3K	10 Feb 2023	Direct	F1
transaction	IMMR	Common Stock	Sale	-$6.84K	-966	-2.09%	$7.08	45.3K	13 Feb 2023	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	0	0%	$0.00^*	13.1K	10 Feb 2023	Common Stock	1.88K		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
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 PSUs.
F3	Grant of 30,000 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 November 10, 2020 and November 10, 2025; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a four (4) year-period commencing on November 10, 2020.