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Immersion (NASDAQ: IMMR) pays strategy chief in stock for salary and bonus

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • None.
Insider MARTIN WILLIAM C
Role Chief Strategy Officer
Type Security Shares Price Value
Grant/Award Common Stock 7,425 $0.00 --
Grant/Award Common Stock 17,872 $0.00 --
Holdings After Transaction: Common Stock — 1,399,652 shares (Direct, null)
Footnotes (1)
  1. Common stock issued to the Reporting Person in lieu of salary earned, during the three months ended April 30, 2026, less applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law. The total shares of the Issuer's common stock issued to the Reporting Person was calculated by determining the salary earned by the Reporting Person during the three months ended April 30, 2026, less applicable withholding taxes and amounts required to be paid in cash to the Reporting Person pursuant to applicable law, and dividing the remainder by the closing price on April 30, 2026. Represents the shares of Common Stock issued to the Reporting Person in lieu of a cash bonus earned during the second half of the Issuer's fiscal year ending April 30, 2026, less applicable withholding taxes and amounts required to be paid in cash to the Reporting Person pursuant to applicable law. The number of shares of the Issuer's Common Stock issued to the Reporting Person was calculated by starting with the cash bonus earned by the Reporting Person during the second half of the Issuer's fiscal year ending April 30, 2026, then subtracting the applicable withholding taxes and amounts required to be paid in cash to the Reporting Person pursuant to applicable law, and dividing the remainder by the closing price on April 30, 2026.
Stock in lieu of salary 17,872 shares Common Stock for salary, three months ended April 30, 2026
Stock in lieu of bonus 7,425 shares Common Stock for bonus, second half fiscal year ending April 30, 2026
Transaction date April 30, 2026 Grant/award acquisition of Common Stock
Reported grant price $0.00 per share Compensation-related grants, no cash paid by insider
Shares following one grant 1,417,524 shares Total Common Stock directly held after one April 30, 2026 grant
Shares following other grant 1,399,652 shares Total Common Stock directly held after the other April 30, 2026 grant
in lieu of salary financial
"Common stock issued to the Reporting Person in lieu of salary earned, during the three months ended April 30, 2026"
cash bonus financial
"shares of Common Stock issued to the Reporting Person in lieu of a cash bonus earned during the second half of the Issuer's fiscal year"
withholding taxes financial
"less applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
closing price financial
"dividing the remainder by the closing price on April 30, 2026"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MARTIN WILLIAM C
(Last)(First)(Middle)
C/O IMMERSION CORPORATION
2999 N. E. 191ST STREET, SUITE 610
(Street)
AVENTURA FLORIDA 33180
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
IMMERSION CORP [ IMMR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Strategy Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/30/2026A7,425(1)A$01,399,652D
Common Stock04/30/2026A17,872(2)A$01,417,524D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Common stock issued to the Reporting Person in lieu of salary earned, during the three months ended April 30, 2026, less applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law. The total shares of the Issuer's common stock issued to the Reporting Person was calculated by determining the salary earned by the Reporting Person during the three months ended April 30, 2026, less applicable withholding taxes and amounts required to be paid in cash to the Reporting Person pursuant to applicable law, and dividing the remainder by the closing price on April 30, 2026.
2. Represents the shares of Common Stock issued to the Reporting Person in lieu of a cash bonus earned during the second half of the Issuer's fiscal year ending April 30, 2026, less applicable withholding taxes and amounts required to be paid in cash to the Reporting Person pursuant to applicable law. The number of shares of the Issuer's Common Stock issued to the Reporting Person was calculated by starting with the cash bonus earned by the Reporting Person during the second half of the Issuer's fiscal year ending April 30, 2026, then subtracting the applicable withholding taxes and amounts required to be paid in cash to the Reporting Person pursuant to applicable law, and dividing the remainder by the closing price on April 30, 2026.
/s/ William C. Martin05/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did IMMERSION CORP (IMMR) report for William C. Martin?

IMMERSION CORP reported stock grants to William C. Martin. He received Common Stock as compensation, with 17,872 shares issued in lieu of salary and 7,425 shares issued instead of a cash bonus, both calculated from the April 30, 2026 closing price after tax and cash adjustments.

How many IMMERSION CORP (IMMR) shares did William C. Martin receive in lieu of salary?

William C. Martin received 17,872 shares in lieu of salary. The company converted his salary for the three months ended April 30, 2026 into Common Stock, after withholding taxes and required cash amounts, using the April 30, 2026 closing share price to determine the share count.

Did William C. Martin buy IMMERSION CORP (IMMR) shares on the open market?

No, the Form 4 shows compensation-related grants, not open-market buys. The A-coded transactions reflect Common Stock issued as salary and bonus in stock form at a stated zero cash price per share, rather than discretionary market purchases.

How were the IMMERSION CORP (IMMR) stock grant amounts calculated for William C. Martin?

The stock grant amounts were based on the April 30, 2026 closing price. For each grant, the company took Martin’s earned cash amount, subtracted withholding taxes and required cash, then divided the remainder by the April 30, 2026 closing Common Stock price.