Form 4: MicroVision Director Brian Turner Receives Shares from Vested Restricted Stock Units

Director Brian Turner received 20,113 shares of MicroVision common stock from vested restricted stock units on September 3, 2024.

Summary

• On September 3, 2024, Brian V. Turner, a director of MicroVision, Inc., received 20,113 shares of common stock due to the vesting of restricted stock units (RSUs).
• These RSUs were converted into shares on a one-to-one basis without any payment required from Turner.
• Following this transaction, Turner directly owns 368,404 shares of MicroVision common stock.
• The vested RSUs are part of a grant from June 5, 2024, which vests in equal quarterly installments until the earlier of the first anniversary of the grant date or the day prior to the Issuer's 2025 Annual Meeting of Stockholders, contingent upon Turner's continued service as a director.
• A previous Form 4 filed on June 7, 2024, incorrectly reported the total RSUs granted on June 5, 2024, as 82,406 RSUs instead of the correct amount of 80,450 RSUs.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing the vesting of RSUs. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The vesting of RSUs indicates continued alignment of the director's interests with those of the shareholders.

Future Outlook

The remaining RSUs granted on June 5, 2024, are scheduled to vest in equal quarterly installments until fully vested on the earlier of the first anniversary of the grant date or the day prior to the Issuer's 2025 Annual Meeting of Stockholders, provided that the reporting person continues to serve as a director through each vesting date.

Industry Context

This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The transaction increases the director's stake in the company, aligning his interests with those of other shareholders.

Key Dates