IRIDEX (IRIX) CEO Patrick Mercer delivers shares to cover tax obligations

Rhea-AI Filing Summary

IRIDEX CORP President and CEO Patrick Mercer reported a tax-related share disposition on Common Stock. On this Form 4, 19,233 shares were delivered at $1.01 per share to cover tax obligations, and he now directly holds 372,774 shares of Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mercer Patrick

Role President and CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	19,233	$1.01	$19K

Holdings After Transaction: Common Stock — 372,774 shares (Direct, null)

Footnotes (1)

Key Figures

Tax-withholding shares: 19,233 shares Price per share: $1.01 per share Shares after transaction: 372,774 shares +2 more

5 metrics

Tax-withholding shares 19,233 shares Common Stock delivered for tax obligations

Price per share $1.01 per share Value used for tax-withholding disposition

Shares after transaction 372,774 shares Direct holdings following disposition

Tax-withholding transactions 1 transaction Count of F-code tax-withholding events

Tax-withholding shares total 19,233 shares Total shares used for tax withholding in this filing

Key Terms

tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, Common Stock

3 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Payment of exercise price or tax liability by delivering securities financial

"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Mercer Patrick

(Last) (First) (Middle)

1212 TERRA BELLA AVENUE

(Street)

MOUNTAIN VIEW CALIFORNIA 94043

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
IRIDEX CORP [ IRIX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/26/2026		F		19,233	D	$1.01	372,774	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Nilo De Castro, Attorney-in-fact for Patrick Mercer	05/26/2026
	** Signature of Reporting Person	Date
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 IRIDEX (IRIX) CEO Patrick Mercer report in this Form 4?

Patrick Mercer reported a tax-withholding disposition of IRIDEX Common Stock. He delivered 19,233 shares at $1.01 per share to satisfy tax obligations and now directly holds 372,774 shares following this non-open-market transaction.

How many IRIDEX (IRIX) shares were used for Patrick Mercer’s tax withholding?

Patrick Mercer used 19,233 shares of IRIDEX Common Stock to cover tax obligations. The shares were valued at $1.01 per share, according to the Form 4 filing’s transaction details for this tax-withholding disposition.

Is Patrick Mercer’s IRIDEX (IRIX) Form 4 transaction an open-market sale?

No, the transaction is a tax-withholding disposition, not an open-market sale. The Form 4 code F indicates shares were delivered to pay taxes or exercise costs rather than sold into the open market.

How many IRIDEX (IRIX) shares does Patrick Mercer hold after this filing?

After the tax-withholding disposition, Patrick Mercer directly holds 372,774 shares of IRIDEX Common Stock. This post-transaction holding is disclosed in the Form 4 as the total number of shares beneficially owned following the disposition.

What does transaction code F mean in the IRIDEX (IRIX) Form 4?

Transaction code F signifies a payment of exercise price or tax liability by delivering securities. In this IRIDEX Form 4, it shows Patrick Mercer delivered shares to satisfy tax obligations rather than conducting a typical market purchase or sale.

Does the IRIDEX (IRIX) Form 4 show any stock purchases or sales by Patrick Mercer?

The Form 4 shows no open-market buys or sells by Patrick Mercer. It reports only a tax-withholding disposition of 19,233 shares, which is a non-market mechanism to cover tax or exercise-related liabilities.