Form 4: Immersion Corp CEO Eric Singer Reports Stock Disposals to Cover Tax Obligations

Eric Singer, CEO of Immersion Corporation, reported disposing of shares to cover tax withholding obligations upon the vesting of restricted stock units.

Summary

• On April 1, 2025, Eric Singer, the President and CEO of Immersion Corporation, disposed of 14,757 shares of common stock at a price of $7.74 per share to cover tax obligations.
• Following this transaction, Singer directly owns 2,152,109 shares of Immersion Corp.
• On the same day, Singer disposed of another 59,025 shares of common stock at $7.74 per share for the same reason.
• After this second transaction, Singer directly owns 2,093,084 shares of Immersion Corp.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes and doesn't indicate a change in the company's fundamentals.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares involved compared to the total outstanding shares.

Key Dates

Keywords

Form 4, IMM, Eric Singer, Insider Trading, Stock Disposal, Tax Obligations, Restricted Stock Units, Beneficial Ownership, Immersion Corp, CEO