IRIX · Iridex Corp

The option vests as to one-third of the Shares on July 10, 2027 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.

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. The RSUs vest as to one-third of the shares on July 10, 2027 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.

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. The RSUs vest as to one-third of the shares on July 10, 2027 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.

Each performance restricted stock unit (PSU) represents a contingent right to receive one share of the Issuer's Common Stock.

100% of the PSUs vest if the Issuer's per share stock price reaches or exceeds $2.50 for 30 consecutive trading days based on a 30-day VWAP (volume weighted adjusted average).

The option vests as to one-third of the Shares on July 10, 2027 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.

This Form 4 is filed jointly by Novel Inspiration International Co., Ltd. ("Novel Inspiration") and Shih-Yao David Lin. Mr. Lin is the sole officer, director and stockholder of Novel Inspiration.

The shares were issued as a quarterly interest payment on the Convertible Promissory Note issued March 19, 2025 by the Issuer to Novel Inspiration.

The shares are beneficially owned directly by Novel Inspiration and indirectly by Mr. Lin.

This Form 4 is filed jointly by Novel Inspiration International Co., Ltd. ("Novel Inspiration") and Shih-Yao David Lin. Mr. Lin is the sole officer, director and stockholder of Novel Inspiration.

The shares were issued as a quarterly interest payment on the Convertible Promissory Note issued March 19, 2025 by the Issuer to Novel Inspiration.

The shares are owned directly by Novel Inspiration.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.475 to $1.48, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

This Form 4 is filed jointly by Novel Inspiration International Co., Ltd. ("Novel Inspiration") and Shih-Yao David Lin. Mr. Lin is the sole officer, director and stockholder of Novel Inspiration.

The shares were issued as a quarterly interest payment on the Convertible Promissory Note issued March 19, 2025 by the Issuer to Novel Inspiration.

The shares are owned directly by Novel Inspiration.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.98 to $0.9885, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.9205 to $0.97, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.9508 to $0.97, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.95 to $0.98, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.9367 to $0.98, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.