Form 4: MicroVision Director Peter Schabert Acquires and Disposes of Shares Through RSU Vesting

Director Peter Schabert reports acquisition and disposal of MicroVision shares related to the vesting of restricted stock units (RSUs).

Summary

• On September 3, 2024, Peter Schabert, a director of MicroVision, Inc., engaged in transactions involving the company's common stock related to restricted stock units (RSUs).
• Schabert acquired 20,113 shares of common stock through the vesting of RSUs at a price of $0.00 per share.
• Concurrently, Schabert disposed of 20,113 shares, also related to the vesting of RSUs.
• Additionally, Schabert acquired 80,450 restricted stock units on 09/03/2024.
• Following these transactions, Schabert continues to hold derivative securities in the form of 80,450 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions are related to standard RSU vesting, indicating ongoing compensation practices.

Positives

• The vesting of RSUs aligns the director's interests with those of the shareholders.

Future Outlook

The remaining RSUs are scheduled to vest in equal quarterly installments until fully vested on the earlier of June 5, 2025, or the day prior to the Issuer's 2025 Annual Meeting of Shareholders, contingent upon continued service as a director.

Industry Context

This is a standard practice for compensating and incentivizing company directors and executives, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• RSU grants are a common form of executive compensation across the technology industry.
• Vesting schedules, such as the quarterly installments described, are typical for RSU agreements.
• Companies like Microsoft, Apple, and Google also use RSUs as part of their compensation packages for directors and key employees.

Stakeholder Impact

• The vesting of RSUs has a minor dilutive effect on existing shareholders.

Key Dates