Form 4: MicroVision Director Mark Spitzer Reports Stock Transactions

Director Mark Spitzer reports the vesting and deferral of shares related to restricted stock units (RSUs) in MicroVision, Inc.

Summary

• On May 17, 2024, Mark Spitzer, a director of MicroVision, Inc., reported transactions related to his holdings of the company's common stock.
• Specifically, 11,439 shares of common stock were acquired upon the vesting of restricted stock units (RSUs).
• However, Spitzer elected to defer delivery of these shares.
• Following the reported transaction, Spitzer beneficially owns 87,539 shares of common stock, which includes 45,756 vested RSUs that have not been delivered due to his deferral election.
• The RSUs, granted on May 17, 2023, vest in equal quarterly installments until the earlier of the first anniversary of the grant date or the day prior to the Issuer's 2024 Annual Meeting of Stockholders, contingent upon continued service as a director.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

Vested shares will be delivered to the reporting person when the reporting person ceases to provide services to the Issuer or upon a change of control of the Issuer.

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 deferral of shares may signal to the market that the director is confident in the company's long-term prospects, though the impact is likely minimal.

Key Dates