Kerry A. Shiba - Jun 26, 2024 Form 4 Insider Report for ITERIS, INC. (ITI)

Role
SVP and Chief Financial Office
Signature
/s/ Donald R. Reynolds, Attorney-in-Fact for Kerry A. Shiba
Stock symbol
ITI
Transactions as of
Jun 26, 2024
Transactions value $
$0
Form type
4
Date filed
6/28/2024, 04:03 PM
Previous filing
Jul 6, 2023
Next filing
Sep 10, 2024

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 +19.1K $0.00 19.1K Jun 26, 2024 Common Stock 19.1K Direct F1, F2, F3
transaction ITI Stock Option (Right to Buy) Award $0 +71K $0.00 71K Jun 26, 2024 Common Stock 71K $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.