Form 4: MicroVision Director Judith Mecham Curran Reports Stock Transactions

Director Judith Mecham Curran reports the vesting and distribution of restricted stock units (RSUs) into common stock.

Summary

• On May 17, 2024, Judith Mecham Curran, a director of MicroVision, Inc., reported the vesting of 11,439 restricted stock units (RSUs) which converted into an equal number of common stock shares.
• The RSUs vested without payment and were distributed on a unit-for-share basis.
• Following the transaction, Curran directly owns 82,463 shares of MicroVision 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: Neutral sentiment as this is a standard reporting of stock transactions related to executive compensation.

Positives

• The vesting of RSUs indicates continued service as a director.

Industry Context

This is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.

Comparison to Industry Standards

• Equity compensation, such as RSUs, is a standard practice among publicly traded companies to align the interests of directors and executives with those of shareholders.
• The vesting schedule of these RSUs, with quarterly installments over a year, is a typical vesting arrangement.

Stakeholder Impact

• The transaction affects the total number of outstanding shares, but the impact is minimal given the relatively small number of shares involved.

Key Dates