IMMERSION CORP — Director's Dealing 2023

Aug 12, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMMERSION CORP (IMMR)
CIK: 0001058811
Period of Report: 2023-08-10

Reporting Person: Akerman Aaron (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-10	Common Stock	M	1875	—	Acquired	48045	Direct
2023-08-11	Common Stock	F	967	$6.76	Disposed	47078	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-10	Performance-based Restricted Stock Units	$	M	1875	Disposed	2025-11-10	Common Stock (1875)	Direct

Footnotes

F1: Performance-Based Restricted Stock Units ("PSUs") convert into common stock on a one-for-one basis.

F2: Grant of 30,000 PSUs, 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.

F3: 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.