Form 4: Immersion Corp CEO Eric Singer Reports Tax-Related Share Disposition

Immersion Corp's President and CEO, Eric Singer, reported the disposition of 13,117 shares of common stock on July 3, 2025, to cover tax withholding obligations from restricted stock unit vesting.

Summary

• Eric Singer, President and CEO, and a Director of Immersion Corp (IMMR), reported a transaction involving the company's common stock.
• On July 3, 2025, 13,117 shares of Immersion Corp common stock were disposed of.
• The disposition was a non-discretionary transaction (Code F), representing shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.
• The shares were valued at $8.09 per share for the purpose of this transaction.
• Following this transaction, Eric Singer beneficially owns 1,953,718 shares of Immersion Corp common stock directly.

Sentiment

Score: 5

Explanation: The document reports a routine, non-discretionary transaction related to executive compensation and tax obligations. It is neutral in sentiment as it does not reflect a discretionary sale or purchase of shares, nor does it provide new financial or operational information about the company.

Positives

• The transaction indicates the vesting of restricted stock units (RSUs), which is a form of equity compensation for the executive, reflecting the achievement of performance or tenure milestones.

Negatives

• No direct negatives are indicated by this routine tax-related transaction.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction filing (Form 4) related to executive compensation and tax obligations, and as such, it does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: This transaction is a routine tax-related disposition and does not typically indicate a change in management's confidence or strategic direction. It slightly reduces the executive's direct shareholding but is offset by the underlying RSU vesting.
• Employees: No direct impact on employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Key Dates

Keywords

Immersion Corp, IMMR, Eric Singer, SEC Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, RSU Vesting, Tax Withholding, Corporate Governance