Form 4: MicroVision Director Peter Schabert Reports Stock Award Vesting

Director Peter Schabert reports the vesting of restricted stock units (RSUs) into common stock of MicroVision, Inc.

Summary

• On March 3, 2025, Peter Schabert, a director of MicroVision, Inc., had 20,112 restricted stock units (RSUs) vest and convert into common stock.
• This transaction was executed under a pre-arranged plan satisfying Rule 10b5-1(c).
• Following the transaction, Schabert directly owns 60,338 shares of MicroVision common stock.
• The RSUs were granted on September 3, 2024, and vest quarterly, with full vesting scheduled for June 5, 2025, or the day before the 2025 Annual Meeting of Shareholders, contingent on continued service as a director.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a routine disclosure of stock vesting.

Positives

• The vesting of RSUs indicates continued alignment of the director's interests with those of the shareholders.

Future Outlook

The remaining RSUs are scheduled to vest in equal quarterly installments until the earlier of June 5, 2025, or the day prior to the Issuer's 2025 Annual Meeting of Shareholders, provided the reporting person continues to serve as a director.

Industry Context

This is a standard SEC Form 4 filing, reflecting a common practice of equity compensation for directors and executives in publicly traded companies.

Comparison to Industry Standards

• Equity compensation through RSUs is a common 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 until a specified date, is also a typical arrangement.
• Companies like Microsoft, Apple, and Tesla also use RSUs as part of their compensation packages for directors and executives.

Stakeholder Impact

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

Key Dates