J. Joseph Bergera - 16 Nov 2023 Form 4 Insider Report for ITERIS, INC.

Role: President and CEO, Director
Signature: /s/ Donald R. Reynolds, Attorney-in-Fact for Joseph Bergera
Issuer symbol: N/A
Transactions as of: 16 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 20 Nov 2023, 16:01:23 UTC
Previous filing: 06 Jul 2023
Next filing: 04 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ITI	Common Stock	Options Exercise	$0	+19,204	+13%	$0.000000	166,688	16 Nov 2023	Direct	F1
transaction	ITI	Common Stock	Options Exercise	$0	+12,450	+7.5%	$0.000000	179,138	18 Nov 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	Options Exercise	$0	-19,204	-100%	$0.000000^*	0	16 Nov 2023	Common Stock	19,204		Direct	F2, F3, F4
transaction	ITI	Restricted Stock Units	Options Exercise	$0	-12,450	-50%	$0.000000	12,450	18 Nov 2023	Common Stock	12,450		Direct	F2, F4, F5

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

Explanation of Responses:

Id	Content
F1	The shares become payable upon events established by the reporting person in accordance with the Iteris, Inc. Non-Qualified Deferred Compensation Plan.
F2	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon the vesting date.
F3	The RSUs were granted on November 16, 2020. 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 RSUs were granted on November 18, 2021. The RSU vesting schedule is as follows: 50% after two years measured from the date of grant and the last 50% after three years measured from the date of grant.