Eric Singer, the President and CEO of Immersion Corp, has reported a series of stock transactions that took place on October 7, 2026. This filing is significant as it showcases Singer's ongoing commitment to the company and reflects his confidence in its future performance.
Immersion Corp, with a CIK of 0001058811, is classified under the SIC code for Computer Peripheral Equipment, NEC. The company has been active in the market, and Singer's recent transactions may influence perceptions of its stability and growth potential.
According to the filing (accession number 0001193125-26-418131), Singer acquired a total of 17217 shares of Immersion Corp's common stock. Additionally, he executed several transactions involving the purchase of shares at varying prices, including 3000 shares at $7.15 each and 8000 shares at $7.11 each. Following these transactions, Singer now owns a total of 2,203,664 shares of the company.
This update may affect various stakeholders, including investors and analysts who monitor executive transactions as indicators of company health. Singer's ownership stake is particularly relevant as it may signal his confidence in Immersion's strategic direction.
The filing does not specify what happens next regarding these transactions or any potential implications for the company moving forward.
Details of Stock Transactions
In the reported transactions, Eric Singer executed multiple purchases of Immersion Corp's common stock on October 7, 2026. The transactions included the acquisition of 3,000 shares at $7.15, 8,000 shares at $7.11, and additional purchases of 3,050 shares at $7.14 and 26,950 shares at $7.15. These transactions reflect a strategic approach to increasing his stake in the company.
Following these transactions, Singer's total ownership increased to 2,233,664 shares, indicating a robust commitment to Immersion Corp. Notably, the filing also mentions that 17,217 shares represent a grant of restricted stock, which will vest fully by October 7, 2027, or at the next annual meeting of stockholders, provided certain conditions are met.
Company Background and Ownership Structure
Immersion Corp, incorporated in Delaware, operates under the SIC code for Computer Peripheral Equipment, NEC, and has a fiscal year ending on April 30. The company's headquarters is located at 2999 N.E. 191st Street, Suite 610, Aventura, FL. Eric Singer holds the positions of both President and CEO, and his role as a director further emphasizes his influence within the company.
The filing does not provide insights into the company's current financial performance, strategic initiatives, or market conditions that may affect future stock transactions. Additionally, there are no details on potential plans for capital raising or other corporate actions that could impact shareholder value.