Irrevocable Larson Trust Reports >6% Stake in Immersion Corp (IMMR)

Rhea-AI Filing Summary

Immersion Corp (IMMR) received an amended Schedule 13G filing showing that the Irrevocable Larson Family Investment Trust beneficially owns 2,028,000 shares of Immersion common stock, reported as approximately 6.3% of the class on the cover and 6.26% in Item 4 of the filing. The filing breaks ownership down into 2,026,000 shares with sole voting and dispositive power and 2,000 shares with shared voting and dispositive power, and also discloses 3,580 call option contracts alongside 1,670,000 directly held shares.

The trust certifies that these securities were not acquired for the purpose of changing or influencing control of the issuer and are not part of a group. The filing includes issuer address details and is signed by Grayson Linyard as Attorney in Fact for the trust on 09/15/2025, incorporating a referenced Power of Attorney.

Positive

• Disclosure of a material stake: Aggregate ownership of 2,028,000 shares (~6.3%) provides transparency to the market
• Passive intent certified: The filer states the shares were not acquired to change or influence control, indicating a non-activist position

Negative

• None.

Insights

Financial Analyst

TL;DR: A passive investor disclosed a meaningful >5% stake of Immersion, notable for ownership size but not indicating control intent.

The Irrevocable Larson Family Investment Trust reports an aggregate 2,028,000 shares, ~6.3% of outstanding common stock, with nearly all shares noted as sole voting and dispositive power. The filing also lists 3,580 call option contracts, which contribute to the reported economic exposure. The certification that the stake is not held to influence control implies this is a passive disclosure under Schedule 13G rather than an activist or control-seeking Schedule 13D action. For investors, a >5% holder can be material for liquidity and potential future disposition transparency, but this filing contains no indication of strategic or governance initiatives.

Corporate Governance Expert

TL;DR: Ownership disclosure signals a sizable passive stake without stated intent to alter control, so governance impact appears limited.

The trust's declaration that the securities were not acquired to change or influence control, together with the Schedule 13G format, indicates a passive holding. The split of voting and dispositive powers—predominantly sole powers—clarifies the trust's direct control over the reported shares. No group affiliations, transactions to affect governance, or other parties are identified, and no directors or nominees are mentioned. From a governance perspective, this filing qualifies as material disclosure of ownership but does not by itself signal imminent board or policy pressure.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

IMMERSION CORP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

452521107

(CUSIP Number)

09/10/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 452521107

1

Names of Reporting Persons

Irrevocable Larson Family Investment Trust

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,026,000.00
6	Shared Voting Power 2,000.00
7	Sole Dispositive Power 2,026,000.00
8	Shared Dispositive Power 2,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,028,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.3 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: IMMERSION CORP
(b)	Address of issuer's principal executive offices: 2999 N. E. 191ST STREET, 2999 N. E. 191ST STREET, AVENTURA, FLORIDA, 33180
Item 2.
(a)	Name of person filing: The Irrevocable Larson Family Investment Trust
(b)	Address or principal business office or, if none, residence: 3608 Lexington Ave. Dallas, Texas 75205
(c)	Citizenship: Texas
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 452521107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The Irrevocable Larson Family Investment Trust - 1,670,000 shares The Irrevocable Larson Family Investment Trust - 3,580 call option contracts
(b)	Percent of class: 6.26 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,026,000
	(ii) Shared power to vote or to direct the vote: 2,000
	(iii) Sole power to dispose or to direct the disposition of: 2,026,000
	(iv) Shared power to dispose or to direct the disposition of: 2,000
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Irrevocable Larson Family Investment Trust

Signature:	Grayson Linyard
Name/Title:	Attorney In Fact
Date:	09/15/2025

Comments accompanying signature: Incorporating by reference the Power of Attorney attached to SEC Accession No. 0002021477-24-000005

FAQ

How many Immersion (IMMR) shares does the Irrevocable Larson Family Investment Trust report?

The filing reports an aggregate of 2,028,000 shares beneficially owned.

What percentage of IMMR does the trust own according to the filing?

The cover reports 6.3% of the class, while Item 4 lists 6.26%.

Does the filing indicate the trust intends to influence control of Immersion?

No. The trust certifies the securities were not acquired to change or influence control and the filing is on Schedule 13G.

Who signed the Schedule 13G amendment for the trust?

The statement is signed by Grayson Linyard, Attorney in Fact, dated 09/15/2025.

Does the filing disclose any options or derivative positions?

Yes, Item 4 discloses 3,580 call option contracts in addition to directly held shares.