Immersion Corp (IMMR) CSO William C. Martin Receives Award

What Happened
William C. Martin, Chief Strategy Officer and director of Immersion Corporation (IMMR), was issued 5,640 shares of common stock on July 31, 2026. The Form 4 reports this as an acquisition (code A) at $0.00 per share — a non-cash award rather than an open-market purchase or sale. The filing does not state a cash value for the grant.

Key Details

• Transaction date and price: July 31, 2026; reported at $0.00 per share (award/grant, code A).
• Shares issued: 5,640 shares.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote (F1): Shares were issued in lieu of salary earned for the three months ended July 31, 2026, net of applicable withholding and required cash payments; the share count was determined by dividing the net salary amount by the closing stock price on July 31, 2026.
• Filing: Form 4 filed August 4, 2026; no late-filing flag was indicated in the provided data.

Context
Issuing shares in lieu of cash salary is a routine form of executive compensation and is recorded as an award rather than a market trade. Because the grant was calculated based on salary and the closing price that day (and net of tax withholding), the transaction reflects compensation mechanics more than a direct expression of buying or selling intent.