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Immersion (NASDAQ: IMMR) awards director 21,815 restricted shares

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

Rhea-AI Filing Summary

Nader Elias reported acquisition or exercise transactions in this Form 4 filing.

IMMERSION CORP director Nader Elias reported receiving a grant of 21,815 shares of common stock as restricted stock under the company’s director compensation policy. The award was recorded at $0.00 per share, reflecting a compensation grant rather than a market purchase, and raises his direct holdings to 68,323 shares.

The restricted shares will vest 100% on the earlier of the one-year anniversary of April 6, 2026 or the date of Immersion’s annual meeting of stockholders for the fiscal year ending April 30, 2026, provided Elias continues serving through the vesting date. The award is also subject to full acceleration upon the occurrence of certain specified events.

Positive

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Negative

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Insider Nader Elias
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 21,815 $0.00 --
Holdings After Transaction: Common Stock — 68,323 shares (Direct)
Footnotes (1)
  1. [object Object]
Restricted stock granted 21,815 shares Common Stock grant to director Nader Elias on April 6, 2026
Grant price per share $0.00 per share Recorded transaction price for restricted stock grant
Shares held after transaction 68,323 shares Total direct holdings of Nader Elias following the grant
Vesting trigger date reference April 6, 2026 One-year anniversary used as one of the vesting tests
Fiscal year end reference April 30, 2026 Fiscal year end tied to annual meeting vesting alternative
restricted stock financial
"Represents a grant of restricted stock pursuant to and in accordance with the Issuer's director compensation policy"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
director compensation policy financial
"Represents a grant of restricted stock pursuant to and in accordance with the Issuer's director compensation policy"
vesting date financial
"100% of which will vest, subject to continued service through the vesting date, on the earlier of (i) the one-year anniversary of April 6, 2026"
annual meeting of stockholders financial
"the date of the Issuer's annual meeting of stockholders for the fiscal year ending April 30, 2026"
acceleration in full financial
"subject to acceleration in full upon the occurrence of certain events"
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*
Nader Elias

(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
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026
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 Stock04/06/2026A21,815(1)A$068,323D
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. Represents a grant of restricted stock pursuant to and in accordance with the Issuer's director compensation policy, 100% of which will vest, subject to continued service through the vesting date, on the earlier of (i) the one-year anniversary of April 6, 2026 or (ii) the date of the Issuer's annual meeting of stockholders for the fiscal year ending April 30, 2026, subject to acceleration in full upon the occurrence of certain events.
/s/ Elias Nader04/07/2026
** 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)

FAQ

What did Immersion (IMMR) director Nader Elias report in this Form 4?

Nader Elias reported receiving a grant of 21,815 shares of Immersion common stock as restricted stock. The grant was issued under the company’s director compensation policy and increased his direct holdings to 68,323 shares after the award.

How many IMMR shares were granted to director Nader Elias?

Nader Elias was granted 21,815 shares of Immersion common stock as restricted stock. The filing records the transaction at a price of $0.00 per share, indicating a compensation-related award rather than an open-market purchase of shares.

When do Nader Elias’s restricted IMMR shares vest?

The restricted shares will vest 100% on the earlier of the one-year anniversary of April 6, 2026, or the date of Immersion’s annual meeting for the fiscal year ending April 30, 2026, provided Nader Elias continues his service through the vesting date.

How many Immersion (IMMR) shares does Nader Elias hold after this grant?

Following the restricted stock award, Nader Elias directly holds 68,323 shares of Immersion common stock. This total includes the newly granted 21,815 restricted shares reported in the Form 4 insider transaction filing with the Securities and Exchange Commission.

Is Nader Elias’s IMMR transaction a market purchase or compensation grant?

The transaction is a compensation-related grant of restricted stock, not an open-market purchase. The 21,815 Immersion shares were awarded at $0.00 per share under the issuer’s director compensation policy, with vesting contingent on continued board service.