Aaron Akerman - Aug 10, 2022 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role: Chief Financial Officer
Signature: /s/ Francis Jose, attorney-in-fact for Aaron Akerman
Stock symbol: IMMR
Transactions as of: Aug 10, 2022
Transactions value $: -$5,239
Form type: 4
Date filed: 8/12/2022, 04:19 PM
Previous filing: May 12, 2022
Next filing: Nov 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IMMR	Common Stock	Options Exercise		+1.88K	+6.01%		33.1K	Aug 10, 2022	Direct	F1, F2
transaction	IMMR	Common Stock	Sale	-$5.24K	-882	-2.67%	$5.94	32.2K	Aug 11, 2022	Direct	F3

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	IMMR	Performance-based Restricted Stock Units	Options Exercise	$0	-1.88K	-10%	$0.00	16.9K	Aug 10, 2022	Common Stock	1.88K		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	2,000 shares were purchased on July 31st, 2022 at a price of $4.471 per share under the Issuer's Employee Stock Purchase Plan.
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.
F4	Grant of 30,000 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 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.