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 March 1, 2024, Mark Spitzer, a director of MicroVision, Inc., reported transactions involving common stock related to restricted stock units (RSUs).
• 11,439 shares were acquired upon the vesting of RSUs, but delivery of these shares was deferred by Spitzer.
• The RSUs convert into shares of common stock on a unit-for-share basis without payment.
• Spitzer beneficially owns 76,100 shares of common stock following the reported transactions, including 34,317 vested RSUs that have not been delivered due to a 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 routine regulatory filing regarding stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

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 insider transactions in company stock. It is typical for directors and officers to receive stock-based compensation and to report transactions related to these holdings.

Stakeholder Impact

• The deferral of shares may slightly reduce the immediate availability of shares in the market.

Key Dates