Mercer Patrick 4
4 · IRIDEX CORP · Filed May 24, 2024
Insider Transaction Report
Form 4
IRIDEX CORPIRIX
Mercer Patrick
President and CEO
Transactions
- Tax Payment
Common Stock
2023-06-30$2.17/sh−5,828$12,647→ 81,455 total - Tax Payment
Common Stock
2023-07-04$2.14/sh−2,015$4,312→ 79,440 total - Award
Coomon Stock
2024-05-22+120,000→ 199,440 total
Footnotes (2)
- [F1]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.
- [F2]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 May 22, 2025 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.