IMMERSION CORP — Director's Dealing 2025

Mar 14, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Barnes & Noble Education, Inc. (BNED)
CIK: 0001634117
Period of Report: 2025-03-12

Reporting Person: TORO 18 HOLDINGS LLC (Director, 10% Owner)
Reporting Person: IMMERSION CORP (Director, 10% Owner)
Reporting Person: MARTIN WILLIAM C (Director, 10% Owner)
Reporting Person: Singer Eric (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-12	Common Stock	P	59146	$8.4927	Acquired	11065848	Direct
2025-03-13	Common Stock	P	142898	$8.6009	Acquired	11208746	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	132871	Direct
Common Stock	145871	Direct
Common Stock	12000	Indirect

Footnotes

F1: This Form 4 is filed jointly by Toro 18 Holdings LLC ("Toro 18"), Immersion Corporation ("Immersion"), William C. Martin and Eric Singer (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group with Emily S. Hoffman and Elias Nader for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Each of Messrs. Martin, Singer, Nader and Ms. Hoffman also serve as directors on the Board of Directors of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. Ms. Hoffman and Mr. Nader will file separate Section 16 reports.

F2: Represents the weighted average price of multiple transactions with prices ranging between $8.175 and $8.55. The Reporting Persons, upon request by the staff of the Securities and Exchange Commission the Issuer or a security holder of the Issuer, undertake to provide further information regarding the number of securities purchased at each separate price.

F3: Securities owned directly by Toro 18. Immersion, as the sole member of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18. Mr. Martin, as the Chief Strategy Officer of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18. Mr. Singer, as the President and Chief Executive Officer of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18.

F4: Represents the weighted average price of multiple transactions with prices ranging between $8.375 and $8.80. The Reporting Persons, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, undertake to provide further information regarding the number of securities purchased at each separate price.

F5: Securities held directly by Mr. Singer.

F6: Securities held directly by Mr. Martin and through a wholly-owned limited liability company and IRA Accounts, all of which Mr. Martin controls exclusively.

F7: Securities held in UGMA accounts for the benefit of Mr. Martin's minor children, all of which he controls exclusively.