IRIDEX (IRIX) CEO surrenders 3,990 shares to cover tax obligations

Rhea-AI Filing Summary

IRIDEX CORP President and CEO Patrick Mercer reported a tax-withholding disposition of 3,990 shares of Common Stock at $1.12 per share. This transaction satisfied tax obligations by delivering shares rather than through an open-market sale. After the transaction, he directly holds 368,784 shares.

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	3,990	$1.12	$4K

Holdings After Transaction: Common Stock — 368,784 shares (Direct, null)

Footnotes (1)

Key Figures

Shares delivered for tax withholding: 3,990 shares Reference price per share: $1.12 per share Shares held after transaction: 368,784 shares +1 more

4 metrics

Shares delivered for tax withholding 3,990 shares Tax-withholding disposition of Common Stock

Reference price per share $1.12 per share Value used for the 3,990-share tax-withholding disposition

Shares held after transaction 368,784 shares Direct Common Stock holdings following the disposition

Tax-withholding share count (summary) 3,990 shares taxWithholdingShares in transaction summary

Key Terms

tax-withholding disposition, Common Stock, Form 4, payment of exercise price or tax liability by delivering securities

4 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.

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 financial

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

payment of exercise price or tax liability by delivering securities financial

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

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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)
06/13/2026

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	06/13/2026		F		3,990	D	$1.12	368,784	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	06/16/2026
	** 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 insider transaction did IRIDEX (IRIX) CEO Patrick Mercer report?

Patrick Mercer reported a tax-withholding disposition of 3,990 IRIDEX common shares at $1.12 each. These shares were delivered to cover tax obligations, and not sold in the open market, leaving him with 368,784 shares directly held afterward.

Was the IRIDEX (IRIX) CEO Form 4 transaction an open-market sale?

No, the transaction was a tax-withholding disposition coded "F," meaning shares were delivered to cover tax liabilities. It did not represent an open-market sale, but rather a routine mechanism related to equity compensation and associated taxes.

How many IRIDEX (IRIX) shares does CEO Patrick Mercer hold after the transaction?

After the reported tax-withholding disposition, Patrick Mercer directly holds 368,784 shares of IRIDEX Common Stock. This figure reflects his position following the delivery of 3,990 shares to satisfy tax obligations tied to his equity compensation.

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

Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this case, 3,990 IRIDEX common shares were surrendered to cover tax obligations, distinguishing the event from a discretionary open-market purchase or sale.

How many shares were used for tax withholding in the IRIDEX (IRIX) CEO transaction?

The filing shows 3,990 common shares were used for tax withholding at a reference price of $1.12 per share. This reduced Patrick Mercer’s directly held position to 368,784 shares after the tax-related share delivery was completed.