Form 4: Immersion Corp CFO Sells Shares to Cover Tax Obligations

Immersion Corp's Chief Financial Officer, J. Michael Dodson, sold 5,921 shares of common stock on June 12, 2025, to cover tax withholding obligations related to RSU vesting.

Summary

• J. Michael Dodson, Chief Financial Officer of Immersion Corp (IMMR), reported a transaction involving the sale of company common stock.
• The transaction occurred on June 12, 2025, and involved the disposition of 5,921 shares of common stock.
• The shares were sold at a price of $7.53 per share.
• The sale was non-discretionary and was executed automatically to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Mr. Dodson beneficially owns 39,132 shares of Immersion Corp common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it's a sale of shares by an insider, the explicit reason for the sale (tax withholding on RSU vesting) indicates it was a non-discretionary, routine event rather than a voluntary sale based on a negative outlook for the company.

Positives

• The sale was non-discretionary and for the specific purpose of covering tax withholding obligations related to RSU vesting, which is a common and expected event for executives receiving equity compensation.
• The transaction does not indicate a lack of confidence in the company by the CFO, as it was not a voluntary market sale.

Negatives

• The transaction resulted in a reduction of the Chief Financial Officer's direct beneficial ownership by 5,921 shares.

Risks

• No specific risks are detailed in this Form 4 filing beyond the general implication of reduced insider holdings, which in this case is for a routine tax purpose.

Stakeholder Impact

• Shareholders: The transaction slightly reduces insider ownership, but given its non-discretionary nature for tax purposes, it is unlikely to be perceived negatively or impact shareholder confidence significantly.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Immersion Corp, IMMR, Form 4, Insider Transaction, J. Michael Dodson, Chief Financial Officer, Stock Sale, RSU Vesting, Tax Withholding