Mercer Patrick 4
4 · IRIDEX CORP · Filed Oct 31, 2022
Insider Transaction Report
Form 4
IRIDEX CORPIRIX
Mercer Patrick
President and CEO
Transactions
- Award
Stock Option (Right to buy)
2022-10-27+72,218→ 72,218 totalExercise: $2.28Exp: 2029-10-27→ Common Stock (72,218 underlying) - Award
Common Stock
2022-10-27+35,570→ 87,354 total - Tax Payment
Common Stock
2022-10-30$2.27/sh−71$161→ 87,283 total
Footnotes (3)
- [F1]Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs vest as to one-third of the shares on June 30, 2023 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
- [F2]These shares have been withheld in an exempt disposition to the Issuer under Rule 16b-3(e), to satisfy the Issuer's income tax withholding and remittance obligations in connection with the net settlement of restricted stock units and does not represent a sale by the Reporting Person.
- [F3]The option vests as to one-third of the shares on June 30, 2023 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.