Form 4: MicroVision Director Jada Smith Reports Stock Award Vesting

Director Jada Smith reports the vesting of restricted stock units (RSUs) into common stock of MicroVision, Inc.

Summary

• On September 3, 2024, Jada Smith, a director of MicroVision, Inc., had 20,113 restricted stock units (RSUs) vest and convert into 20,113 shares of common stock.
• The RSUs vested without payment on a unit-for-share basis.
• These RSUs were 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 before the company's 2025 Annual Meeting of Stockholders.
• 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; the vesting reported in this form is based on the correct amount.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock vesting, neither particularly positive nor negative.

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, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The vesting of RSUs increases the number of shares outstanding, which could have a minor dilutive effect on existing shareholders.

Key Dates