IMMERSION CORP SEC Filings

MARTIN WILLIAM C reported acquisition or exercise transactions in this Form 4 filing.

Immersion Corp Chief Strategy Officer William C. Martin received a grant of 5,640 shares of common stock on July 31, 2026. According to the disclosure, the shares were issued in lieu of salary earned over the three months ended July 31, 2026, after withholding taxes and required cash payments, resulting in 1,423,164 shares held directly.

Immersion Corporation reported fourth-quarter and fiscal 2026 results that include its controlling interest in Barnes & Noble Education. Fourth-quarter revenue was $270.0 million, with GAAP net income attributable to Immersion stockholders of $3.7 million, or $0.12 per diluted share, compared with a loss a year earlier. Non-GAAP net income was $9.9 million, or $0.30 per diluted share.

For fiscal 2026, total revenue was $1.7 billion, up from $1.6 billion in fiscal 2025. GAAP net income attributable to Immersion stockholders was $4.5 million, or $0.14 per diluted share, down from $64.3 million, while non-GAAP net income declined to $60.8 million from $116.3 million. Results reflect higher operating expenses and consolidation of Barnes & Noble Education, as well as income of about $12.6 million from resolution of a Visa/Mastercard interchange participation interest agreement.

The company emphasized capital returns and its Barnes & Noble Education stake of approximately 11.2 million shares. Immersion has paid or declared about $1.01 per share in dividends since January 2023, raised its quarterly dividend to $0.075 per share, and has $39.3 million available under its stock repurchase program.

Immersion Corporation now operates two segments after acquiring a controlling interest in Barnes & Noble Education in June 2024. Through a Rights Offering and PIPE, Barnes & Noble Education received $95 million in gross equity proceeds, using $80.7 million to reduce outstanding debt and establishing Immersion as a 42% owner with board control.

The Immersion segment remains a haptics-focused licensing business with just under 300 patents, targeting mobile, gaming/VR and automotive markets. For the year ended April 30, 2026, mobile OEM and IC licensees provided 28% of royalty and license revenue, gaming and VR 45%, and automotive 15%, underscoring dependence on a concentrated set of large customers.

Barnes & Noble Education operates 1,116 physical and virtual campus bookstores and emphasizes its BNC First Day affordable access programs, which shift revenue timing and working-capital needs. Key risks highlighted include an evolving acquisition-driven strategy, heavy reliance on renewing and adding patent licenses, potential IP litigation, component supply constraints, macro and trade uncertainty, and compliance and internal-control challenges at Barnes & Noble Education, a consolidated variable interest entity.

Immersion Corp President and CEO Eric Singer reported routine tax-withholding transactions related to vesting restricted stock units. On 2026-07-01, two Form 4 entries each show 14,757 shares of common stock withheld at $6.93 per share to satisfy tax obligations, totaling 29,514 shares. These F-code dispositions reflect shares delivered to cover taxes rather than open-market sales and do not represent discretionary buying or selling activity.

Immersion Corporation set the date for its Annual Meeting of Stockholders for the fiscal year ended April 30, 2026 as Wednesday, October 7, 2026. Because this differs by more than 30 days from the prior year’s meeting, the company set a new deadline of July 13, 2026 for stockholders to submit proposals, director nominations, or universal proxy notices, subject to its Bylaws and SEC rules.

The Board also declared a quarterly cash dividend of $0.075 per share on outstanding common stock, payable on July 31, 2026 to stockholders of record on July 20, 2026, with future dividends to be considered and approved individually.

IMMERSION CORP Chief Financial Officer J. Michael Dodson reported an automatic sale related to equity compensation. On this Form 4, he disposed of 4,899 shares of common stock at $6.54 per share.

According to the footnote, these shares were automatically sold on a non-discretionary basis to cover the tax withholding obligation triggered by the vesting of RSUs, meaning this was a tax-related transaction rather than an elective open-market sale. After this event, Dodson directly holds 34,233 shares of Immersion common stock.

IMMERSION CORP filed a Form 13F reporting institutional holdings of $144,695,022 across 9 reported entries. The filing names 2 other included managers and is signed by Eric Singer on 05-15-2026. This is a routine quarterly holdings disclosure under Form 13F.

Immersion Corporation reports that it has regained compliance with Nasdaq Listing Rule 5250(c)(1). The company received a letter from the Nasdaq Listing Qualifications Staff on May 14, 2026, confirming compliance and stating that the matter is now closed, removing the prior listing concern.

MARTIN WILLIAM C reported acquisition or exercise transactions in this Form 4 filing.

IMMERSION CORP granted Common Stock to Chief Strategy Officer William C. Martin as equity compensation instead of cash. On April 30, 2026, he received 17,872 shares in lieu of salary for the three months ended April 30, 2026, and 7,425 shares in lieu of a cash bonus for the second half of the fiscal year ending April 30, 2026. These awards were issued at no cash cost to him, after deducting applicable withholding taxes and required cash payments, with the share counts based on the stock’s closing price on April 30, 2026.