Joseph J. Bergera - Jun 26, 2024 Form 4 Insider Report for ITERIS, INC. (ITI)

Role
President and CEO, Director
Signature
/s/ Donald R. Reynolds, Attorney-in-Fact for Joseph Bergera
Stock symbol
ITI
Transactions as of
Jun 26, 2024
Transactions value $
$0
Form type
4
Date filed
6/28/2024, 04:02 PM
Previous filing
Jun 14, 2024
Next filing
Nov 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ITI Common Stock 221K Jun 26, 2024 Direct

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 +31.5K $0.00 31.5K Jun 26, 2024 Common Stock 31.5K Direct F1, F2, F3
transaction ITI Stock Option (Right to Buy) Award $0 +117K $0.00 117K Jun 26, 2024 Common Stock 117K $4.21 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 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 successive equal annual installments (i.e. one-fourth of the shares each year) upon the Reporting Person's completion of each year of service over the four year period measured from the grant date.