Form 4: Immersion Corp CEO Eric Singer Sells Shares to Cover Tax Obligations

Immersion Corp's CEO, Eric Singer, sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• Eric Singer, the President and CEO of Immersion Corp, sold a total of 47,729 shares of common stock across three transactions.
• These sales were executed on January 1st and 2nd, 2025.
• The sales were to cover tax withholding obligations related to the vesting of restricted stock units and performance-based restricted stock units.
• The price per share for the sales on January 1st was $8.73, and the price per share for the sale on January 2nd was $8.66.
• Following these transactions, Mr. Singer beneficially owns 1,832,345 shares of Immersion Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's performance. The sentiment is neutral to slightly positive as it indicates the executive is receiving compensation.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across various industries.
• Many companies use restricted stock units as part of their compensation packages, leading to similar transactions by executives at other firms.
• The sale prices are within the normal range for the stock, and the number of shares sold is not unusual for this type of transaction.

Stakeholder Impact

• The stock sales may have a minor impact on the stock price, but it is unlikely to be significant given the routine nature of the transaction.

Key Dates

Keywords

Immersion Corp, Eric Singer, stock sale, Form 4, insider trading, restricted stock units, tax obligations