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.

Summary

• On May 17, 2024, Jeffrey A. Herbst, a director of MicroVision, Inc., reported the vesting and distribution of 11,439 restricted stock units (RSUs) into common stock.
• These RSUs converted into shares of common stock on a unit-for-share basis without payment.
• Following the transaction, Herbst directly owns 84,256 shares of common stock.
• The RSUs were granted on May 17, 2023, and were 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 2024 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 transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Positives

• The vesting of RSUs indicates that the director has met certain performance or service requirements.

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 provides transparency to shareholders regarding insider ownership.

Key Dates