Form 4: MicroVision Director Jeffrey A. Herbst Reports Stock Transactions

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

Summary

• On September 3, 2024, Jeffrey A. Herbst, a director of MicroVision, Inc., reported the vesting and distribution of 20,113 restricted stock units (RSUs) into common stock.
• These RSUs converted into shares of common stock on a one-to-one basis without payment.
• Following the transaction, Herbst directly owns 104,369 shares of MicroVision 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.
• 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: 5

Explanation: This is a routine transaction report, so the sentiment is neutral. It reflects standard 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

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It provides transparency to the market regarding the holdings and transactions of company directors.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it increases the number of outstanding shares, but it also aligns the director's interests with those of the shareholders.

Key Dates