IMMERSION CORP — Director's Dealing 2024

Jul 3, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMMERSION CORP (IMMR)
CIK: 0001058811
Period of Report: 2024-06-28

Reporting Person: MARTIN WILLIAM C (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-06-28	Common Stock	A	53678	—	Acquired	1079067	Direct
2024-07-01	Common Stock	F	11400	$9.46	Disposed	1067667	Direct
2024-07-01	Common Stock	M	100000	—	Acquired	1167667	Direct
2024-07-01	Common Stock	F	45600	$9.46	Disposed	1122067	Direct
2024-07-01	Common Stock	A	150000	—	Acquired	1272067	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-07-01	Performance-based Restricted Stock Units	$	M	100000	Disposed	2027-01-01	Common Stock (100000)	Direct

Footnotes

F1: Common stock issued to the Reporting Person in lieu of salary earned during the three months ended June 30, 2024 less applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law. The total number of shares of the Issuer's common stock issued to the Reporting Person was calculated by determining the salary earned by the Reporting Person during the three months ended June 30, 2024, subtracting applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law, and dividing the remainder by the closing price on June 28, 2024.

F2: Represents shares withheld to satisfy the tax withholding obligations upon restricted stock units vesting.

F3: Grant of 300,000 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 January 1, 2022 and January 1, 2027; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a three (3) year-period commencing on January 1, 2022.

F4: Represents shares withheld to satisfy the tax withholding obligations upon Performance-Based Restricted Stock Units vesting.

F5: Represents the grant of 150,000 restricted stock units, 100% of which will vest on the one-year anniversary of July 1, 2024, the effective grant date, or July 1, 2025, subject to the Reporting Person's continued employment with the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's common stock.