Form 4: MicroVision Director Jeffrey A. Herbst Reports Stock Award Vesting

Director Jeffrey A. Herbst reports the vesting of restricted stock units (RSUs) into common stock of MicroVision, Inc.

Summary

• On March 3, 2025, MicroVision Director Jeffrey A. Herbst reported the vesting of 20,112 restricted stock units (RSUs) into common stock.
• These RSUs converted into shares of common stock on a unit-for-share basis, without any payment required.
• Following the transaction, Herbst directly owns 144,594 shares of common stock.
• The RSUs were granted on June 5, 2024, and are scheduled to vest in four 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.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock award vesting, which is neither particularly positive nor negative. It reflects standard executive compensation practices.

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 four 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

Executive compensation through stock awards is a common practice in the tech industry to incentivize performance and align management interests with shareholder value.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly traded companies, particularly in the technology sector.
• Companies like Microsoft, Apple, and Google also utilize RSUs as part of their compensation packages for executives and directors.
• The vesting schedules and terms of these awards can vary widely based on company performance, individual contributions, and industry benchmarks.

Stakeholder Impact

• The vesting of RSUs may have a minor dilutive effect on existing shareholders.

Key Dates

Keywords

MicroVision, MVIS, Director, Herbst, Restricted Stock Units, RSUs, Vesting, Common Stock, Beneficial Ownership, SEC Form 4