Singer Eric 4
Research Summary
AI-generated summary
Immersion (IMMR) CEO Eric Singer Withholds Shares for Taxes
What Happened
- Eric Singer, President & CEO and a director of Immersion Corp (IMMR), had restricted stock units vest and had shares withheld to satisfy tax withholding obligations. Two withholding transactions on 2026-04-01 totaled 29,607 shares at $5.56 each, reported as disposals: 14,757 shares ($82,049) and 14,850 shares ($82,566). These were tax-withholding withholdings (transaction code F), not open-market sales.
Key Details
- Transaction dates/prices: 2026-04-01 — 14,757 shares @ $5.56 ($82,049) and 14,850 shares @ $5.56 ($82,566).
- Total shares withheld: 29,607; total value ≈ $164,615.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnote: F1 — shares withheld to satisfy tax withholding obligations upon RSU vesting.
- Filing timeliness: Form 4 filed 2026-04-02 for a 2026-04-01 transaction (appears timely).
Context
- This was a routine tax-withholding event tied to RSU vesting (a common administrative occurrence). It represents shares retained/forfeited to cover taxes rather than a disclosed deliberate open-market sale or purchase, and therefore should not be read alone as a positive or negative signal about insider sentiment.