Form 4: Immersion Corp Executive William C. Martin Reports Share Disposal to Cover Tax Obligations

William C. Martin, Chief Strategy Officer at Immersion Corp, disposed of 45,600 shares to cover tax obligations arising from vesting restricted stock units.

Summary

• On April 1, 2025, William C. Martin, Chief Strategy Officer of Immersion Corp, reported a transaction involving the disposal of common stock.
• The transaction involved the withholding of 45,600 shares to satisfy tax withholding obligations upon the vesting of restricted stock units.
• The price per share was $7.74.
• Following the transaction, Martin directly owns 1,405,093 shares of Immersion Corp.
• The transaction was reported on April 2, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes. It doesn't indicate any fundamental change in the company's prospects or the executive's confidence.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a company executive has sold shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Insider Trading, IMMERSION CORP, IMMR, William C. Martin, Tax Withholding, Restricted Stock Units