Form 4: Immersion Corp Executive William C. Martin Reports Stock Disposals to Cover Tax Obligations

William C. Martin, Chief Strategy Officer at Immersion Corp, disposed of shares to cover tax withholding obligations upon the vesting of restricted stock units and performance-based restricted stock units.

Summary

• On January 1, 2025, William C. Martin, Chief Strategy Officer of Immersion Corp, disposed of 8,799 shares of common stock at a price of $8.73 to satisfy tax withholding obligations upon the vesting of restricted stock units.
• Additionally, on the same date, Martin disposed of 7,692 shares of common stock at $8.73 to cover tax withholding obligations upon the vesting of performance-based restricted stock units.
• Following these transactions, Martin beneficially owns 1,336,644 shares of Immersion Corp common stock.

Sentiment

Score: 5

Explanation: The document reflects routine stock disposals for tax purposes, indicating a neutral sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax obligations. These transactions are closely monitored by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares involved compared to the total outstanding shares.

Key Dates