Form 4: Immersion Corp Director Elias Nader Sells 13,000 Shares
SEC Form 4 Filing
Director Elias Nader of Immersion Corp sold 13,000 shares of common stock at a weighted average price of $8.2202 on March 13, 2024.
Summary
- On March 13, 2024, Elias Nader, a director of Immersion Corp, sold 13,000 shares of common stock.
- The sale was executed at a weighted average price of $8.2202 per share.
- Following the transaction, Nader directly owns 29,266 shares of Immersion Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a common practice for directors and officers to periodically adjust their holdings in company stock.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of transaction: Elias Nader sold 13,000 shares of Immersion Corp common stock. |
| 03/15/2024 | Date of signature for the Form 4 filing. |
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