Form 4: MicroVision GC Drew G. Markham Sells Shares to Cover Tax Obligations

Drew G. Markham, GC of MicroVision, sold 49,259 shares of common stock on June 7, 2024, to cover tax obligations related to previously vested restricted stock units.

Summary

• On June 7, 2024, Drew G. Markham, the General Counsel of MicroVision, sold 49,259 shares of common stock.
• The sale was executed at a price of $1.0517 per share.
• This transaction was a non-discretionary sell-to-cover transaction to satisfy tax obligations related to the vesting of 186,250 restricted stock units (RSUs) that were distributed on June 6, 2024.
• Following the transaction, Markham directly owns 173,691 shares of MicroVision stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as this is a routine transaction for tax purposes and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest.

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates