[8-K] Immersion Corp Reports Material Event

Rhea-AI Filing Summary

Compass, Inc. (COMP) – Form 4 insider activity for General Counsel & Secretary Bradley K. Serwin

On 07/03/2025 Mr. Serwin converted previously granted RSUs into 87,831 Class A shares (transaction code “M”). To meet payroll-tax obligations, 44,603 shares were withheld by the company at $6.42 per share (code “F”). The net effect is an increase of 43,228 shares, bringing his direct ownership to 278,350 shares.

The conversion relates to scheduled vesting; no open-market purchase or discretionary sale occurred. Four RSU awards remain outstanding, totaling 405,177 units with vesting dates spanning June 2025–March 2029.

The filing reflects routine equity compensation mechanics and does not signal a directional view on Compass’s fundamentals.

Positive

• Net increase of 43,228 Class A shares in insider’s direct holdings, suggesting continued equity alignment with shareholders.

Negative

• 44,603 shares disposed (withheld) to cover taxes, slightly increasing float but routine and non-discretionary.

Insights

Securities Analyst

TL;DR: Routine RSU vesting; net ownership up 43k shares, tax-withholding only sale—impact neutral.

The Form 4 shows automatic conversion of RSUs, increasing Mr. Serwin’s equity stake without cash outlay. The only disposition was company-withheld shares to satisfy taxes, a common administrative action. Remaining RSU balances continue to provide long-term equity incentives aligned with service tenure. Because there was no elective sale, the market should view the filing as neutral; it neither signals confidence (buy) nor concern (sale). Overall impact on share supply, sentiment, and valuation is negligible.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

July 8, 2025

Date of Report (Date of earliest event reported)

IMMERSION CORPORATION

(Exact name of Registrant as specified in its charter)

Delaware		001-38334		94-3180138
(State or other jurisdiction of incorporation)		(Commission file number)		(I.R.S. Employer Identification No.)

2999 N.E. 191st Street, Suite 610, Aventura, FL 33180

(Address of principal executive offices and zip code)

(408) 467-1900

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8‑K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value per share	IMMR	The Nasdaq Global Market
Series B Junior Participating Preferred Stock Purchase Rights

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On July 8, 2025, Immersion Corporation (the “Company”) announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.045 per share on the Company’s outstanding common stock payable, subject to any prior revocation, on August 8, 2025 to stockholders of record on July 23, 2025. Future dividends will be subject to further review and approval by the Board in accordance with applicable law. The Board reserves the right to declare, adjust or withdraw quarterly dividends in future periods as it reviews the Company’s capital allocation strategy from time-to-time.

Forward-Looking Statements

Statements in this filing about the Company that are not historical facts are forward-looking statements based on our current expectations and estimates. These forward-looking statements are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Our current expectations may not prove to be accurate. The words “estimates,” “expects,” “anticipates,” “believes” and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future results. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulation.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			IMMERSION CORPORATION
Date:	July 8, 2025	By:	/s/ J. Michael Dodson
		Name:	J. Michael Dodson
		Title:	Chief Financial Officer

FAQ

How many Compass (COMP) shares did Bradley Serwin acquire?

He acquired 87,831 Class A shares through RSU conversion.

Why were 44,603 COMP shares disposed of?

They were withheld by the issuer to satisfy tax-withholding obligations linked to the RSU vesting.

What is Mr. Serwin’s new direct ownership after the transaction?

He now directly owns 278,350 Class A shares.

Did the insider make any open-market sales or purchases?

No. The Form 4 shows only automatic RSU settlement and tax withholding, not discretionary trades.

How many RSUs does the insider still hold?

Mr. Serwin retains 405,177 RSUs across four awards vesting between 2025 and 2029.